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§ Private Profile · London, United Kingdom
Commercial real estate technology platform designing and delivering customized, managed office spaces for businesses, automating office management.
Kitt, a commercial real estate technology platform that designs and delivers customized, managed office spaces for businesses, is based in London, United Kingdom. The company connects landlords with tenants, automating traditional office management functions while enabling fully customizable workspace solutions tailored to each tenant's brand and culture, with businesses able to visualize designs through virtual reality. Operating as a service provider, Kitt partners with landlords to repackage their space, generating revenue through monthly fees from tenants for managed, designed office space, aiming to reduce void periods and increase property yield for landlords. As of May 2021, Kitt had raised $7.5 million in total funding, including a $5 million seed round led by Barclay Ventures. Its customer base includes recognizable names such as Oatly, Nested, and PZ Cussons Beauty. Kitt was founded in 2018 by Steve Coulson and Lucy Minton.
Kitt has raised $21.1M across 3 funding rounds.
Kitt has raised $21.1M in total across 3 funding rounds.
Kitt is a London‑based technology-enabled office leasing and managed workplace company that provides fully fitted, long‑term office spaces with end‑to‑end sourcing, design and management at a fixed price for growing companies and startups[1][2].
High-Level Overview
Kitt delivers turnkey, fully fitted managed offices that customers can call their own, combining property sourcing, interior design and ongoing workplace management into a single, fixed‑price offering for companies setting up or scaling office space in London[1][2]. Founded as a technology‑enabled service, Kitt targets startups and scaleups that want private, flexible office space without upfront capex or the distractions of co‑working environments[2]. The model solves the operational friction of finding, fitting and running an office while enabling faster occupancy and predictable costs, and the company has used venture funding to scale operations in London[1][2].
Origin Story
Kitt was founded in 2018 by Lucy Minton and Steve Coulson after they identified a market gap for a seamless, managed office solution that combined brokerage, design and facilities management into one service; both founders came from prior startup/operator backgrounds (including a team that built JustPark) and set out to simplify office creation for growing companies[1]. The company registered as KITT TECHNOLOGY LIMITED in the UK in May 2018 and has since expanded its team and raised institutional funding (reported total funding in the low‑to‑mid‑teens of millions) to accelerate growth and product development[3][2]. Early traction included rapid customer uptake during the pandemic period as companies rethought how to occupy and control private office space[1].
Core Differentiators
Role in the Broader Tech Landscape
Kitt rides the trend toward flexible, tech‑enabled workplace solutions driven by startups’ desire for speed, control, and predictable cost structures as they scale. The shift away from long, developer‑led fit‑outs and the mixed desirability of coworking after COVID created demand for private flexible offices that combine speed and turnkey delivery[1]. Market forces in Kitt’s favor include continued demand from scaleups for branded, private space; landlords’ interest in operators who take leasing and capex off hands; and a broader digitization of real‑estate services that rewards repeatable, software‑driven delivery models[2]. By reducing friction for companies to occupy custom offices, Kitt influences the startup ecosystem by making it easier for growing teams to secure space quickly and predictably, which can speed hiring and operations.
Quick Take & Future Outlook
Kitt’s near‑term path likely focuses on scaling its managed office footprint in London, improving its operational technology to lower delivery costs and potentially expanding to other UK markets or adjacent workplace services[1][2]. Key trends that will shape its journey include hybrid work adoption (which changes office size and amenity expectations), landlord‑operator partnerships (which can accelerate unit supply), and investor appetite for proptech that vertically integrates services. If Kitt continues to demonstrate repeatable unit economics and strong tenant retention, it could expand regionally or evolve toward a platform that franchises its operational model to landlords or other markets[2][1]. Overall, Kitt’s proposition — predictable, fully‑managed private offices delivered quickly — stays well aligned with many high‑growth companies’ needs as they scale in London.
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Kitt has raised $21.1M across 3 funding rounds. Most recently, it raised $8.0M Seed Extension in June 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 19, 2023 | $8M Seed Plus | Hussein Kanji | — | Announced |
| Dec 1, 2021 | $8M Seed | — | Balderton Capital, CAV Investment Group, Dalus Capital, Hoxton Ventures, Kayyak Ventures, Alexander Torrenegra, James Meekings, Jeronimo Uribe, Joao Otavio Oliverio, Mandeep Singh, Will Brooks, Will Martin | Announced |
| May 28, 2021 | $5.1M Seed | Barclay Ventures | — | Announced |
Kitt has raised $21.1M in total across 3 funding rounds.
Kitt's investors include Hussein Kanji, Balderton Capital, CAV Investment Group, Dalus Capital, Hoxton Ventures, Kayyak Ventures, Alexander Torrenegra, James Meekings, Jeronimo Uribe, Joao Otavio Oliverio, Mandeep Singh, Will Brooks.