The funds will be used to strengthen relationship with landlords based in London, where Kitt has most of its customers and commissions and to further develop technology.
The company has also appointed a new Chairman, Oren Peleg (LinkedIn profile), former chairman of Countrywide estate agents. Peleg is also executive chairman of Kitt co-founders previous business, JustPark.
Founded in Aug. 2018 by Steve Coulson (LinkedIn profile) and Lucy Minton (LinkedIn profile), Kitt’s platform provides office letting and leasing options for both landlords and tenants. It wants to provide alternatives to shared office space for smaller and growing businesses.
Tenants can design and visualise their own office using virtual reality. Kitt then partners with landlords to install and fit the office and provides ongoing office management. Features include face ID entry to buildings and an app as part of the office management platform that allows small units to be turned into fully managed spaces.
“Based on our success to date, we now have big ambitions and Kitt aims to be the largest provider of bespoke managed spaces in London by number of locations by 2020 with plans to roll out to other regional cities,” said Peleg.
“Increasing numbers of growing businesses want to design their own fit-out and only pay for the office services they actually need but without the pain-points of traditional leasing,” said Steve Coulson, Kitt’s CEO and co-founder.