The Polish CRM platform, Livespace, recently announced the closure of its Series A funding, securing over €2.3 million (PLN 10 Million) from INventures and ARIA Fund.
- Established in 2013 by Marcin Stanczak, Michal Skurowski, and Michal Szkodzinski, Livespace CRM develops a B2B cloud-based CRM platform with task and sales automation, helping users simplify their sales procedure, establish objectives, and maintain current customer data. The startup claims that its solution increases the sales team’s efficiency and gives the sales department the ability to close more deals in a repeatable, measurable, and scalable way.
- Over the past 11 years, around 1,000 companies have handled their businesses using Livespace CRM, including InPost, IDG, Altkom, Escola, Lendi, and Isun.
The details of the deal
The investors in the current round include INventures and ARIA Fund.
- INventures is a Poznan-based independent investment company with a focus on strategic consulting for Polish companies. The investment in Livespace was the second firm made in February. Previously, it led a $5 million round for Polish martech startup Edrone.
“Livespace focuses not only on the product itself, but also on educating the industry and introducing new standards in the way salespeople work. This comprehensive approach, combined with a stable increase in the company's profitability, growth potential and a healthy cap table, convinced us to invest in the company,” comments Wojciech Dąbrowski, board member at INventures.
- ARIA Fund is an investment company that funds Central European tech startups, concentrating on early-growth, post-product, high-tech scale-ups with innovative technologies. It was the leading investor during Livespace’s $650,000 seed round in 2017.
Future plans:
The raised funding will be invested into developing the CRM system to make it effective throughout Europe, focusing on three areas: using AI to support sales managers in establishing sales procedures and handling repetitive tasks; redesigning key positions and procedures to expand globally; sharing knowledge and information about the system with customers.
