Speiz, an Oslo, Norway-based proptech startup that enables warehouse and logistics real estate owners to generate more revenue and users to find their optimal warehouse and logistics space solution, raised €1.3 million in seed funding.
Led by the German-based Venture Capital fund F-LOG Ventures, which is part of the larger FIEGE Logistik investment wing. Iron Wolf Capital and Angel Fund also contributed to Speiz's seed funding.
The funding will enable Speiz to continue establishing its new SaaS-enabled marketplace for commercial warehouse real estate in Norway and expand its reach across Europe.
Speiz will be used the funds for product development and business expansion to aggregate the largest European warehouse facilities database in commercial real estate.
The startup started in the Antler Accelerator Program in 2020, co-founded by CEO, Paulius Kvedaras, and was launched to be a cost-friendly, supplier-oriented solution to this common warehouse problem and to help meet the ever-growing demand for warehouse space.
Currently, Speiz has data on over 1 million warehouse listings in seven markets, including the UK, Germany, and Sweden. They already have an impressive customer list that includes the likes of the ride app, Bolt, and construction and engineering corporation, Elecnor.
Company: SPEIZ, UAB
Round: Seed Round
Funding Month: December 2022
Lead Investors: F-LOG Ventures
Additional Investors: Iron Wolf Capital and Angel Fund
Company Website: https://www.speiz.com/
Software Category: Warehouse Spaces Leasing Platform
About the Company: Speiz is a SaaS-enabled marketplace for commercial real estate. The digital-first platform enables warehouse owners to generate more revenue from their commercial property by easily matching with tenants looking for an optimal warehouse solution. The marketplace offers a faster, cheaper, and more modern alternative to the current brokerage process, with a reduction of up to 80% in the cost and time associated with commercial leasing. Speiz has access to over 1M unique property listings on the platform across 7 markets, with 400+ registered tenants. By aggregating market information from multiple data sources into a single marketplace for both suppliers and tenants, Speiz matches tenants with the optimal warehouse that meets their needs.