Galway’s Ronspot gets €1.1m to tap into Europe’s hybrid job market

The Irish start-up will use its €1.1m boost to hire 10 people, having already doubled its engineering team in the past 24 months.

Ronspot, a Galway-based start-up that makes workplace management software, has been backed by several investors to the tune of €1.1m.

The company started in 2018 by offering an enterprise software platform for workers to reserve parking spaces. It has since grown to include options for booking shared offices and meeting rooms, as well as visitor needs, bicycle parking and lockers.

Users can manage and view their reservations using Ronspot’s mobile app. They can also see their colleagues’ reservations and assess availability.

Ronspot’s latest funding round was led by Furthr VC, which recently increased its seed fund for Irish software and medical device start-ups at €32 million. There have also been investments from the Halo Business Angel Network (HBAN) and Enterprise Ireland.

Ronspot will use the funds to expand its operations, recruit new employees and access new markets. The start-up currently has more than 200 customers in more than 30 countries.

Thanks to increase in hybrid work Globally, Ronspot sees continued demand for its services. It is on a rapid growth trajectory and expects its revenue to grow 400% year-over-year through 2025.

Michael Furey, CEO of Ronspot, said the company has evolved its product offering to become “an essential tool in any modern workplace”.

Over the past few years, Ronspot has added several new features such as single sign-on and different plans for teams to its platform. These developments have forced the company to more than double its engineering staff in the past two years.

Ronspot currently employs 18 people, but plans to create 10 more jobs over the next 18 months. These roles will be based in Galway and Dublin, with hybrid and remote options available. The start-up will recruit in the areas of sales, marketing, customer success, data security and human resources.

As part of its efforts to expand into new markets, Ronspot participates in Enterprise Ireland’s Enter the Eurozone programme. It hopes to establish a physical presence in Germany, France, Italy and Spain.

“We are delighted to receive this funding from our investors, who share our enthusiasm for the future of Ronspot. The Furthr VC team has worked closely with us, providing valuable guidance as we prepare for a period of rapid global growth,” said Furey.

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