London office management provider raises £2m seed funding

Sep 10, 2019 ·


Managed office platform Kitt has raised £2m in seed funding and has appointed former Fitness First CEO Oren Peleg as chairman.

The funding round was led by Proptech investor and YOPA’s co-founder Andrew Barclay - who will also join the company’s board.

Founded in August 2018 by entrepreneurs Steve Coulson and Lucy Minton, the company is building a platform that is aiming to change the office leasing experience for both tenants and landlords.

On the platform, tenants can design their space using VR. By partnering with landlords, Kitt then delivers a fit-out with ongoing office management.

The commercial office market in the UK is worth £19bn a year, with managed offices representing five per cent of the market currently. This figure is predicted to grow by 30 per cent per year over the next five years.

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