Toronto’s Innerspace, a pioneer of indoor mapping and location intelligence, has secured $10 million in Series A funding.
Led by Yaletown Partners, with BDC and MaRS’ Investment Accelerator Fund as participants, the investment bolsters Innerspace’s product development and operational scaling.
The startup, which uses GPS systems for indoor spaces, analyzes office utilization for optimized workspace decisions. Notably, Innerspace scored a contract for an undisclosed Fortune 50 client’s campus refresh project.
CEO James Wu emphasized prioritizing market impact over immediate announcement. This funding surge follows a $3.2-million seed round in 2019, propelling Innerspace’s mission to enhance office efficiency.
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