Polish CRM platform Livespace secures a €2.3M funding for European expansion

Warsaw-based B2B process-focused CRM platform provider Livespace has secured approximately €2.3 million (PLN 10 million) in its second investment round. INventures and ARIA Fund are the key investors in this round.

About Livespace

• Founded in 2013 by Marcin Stanczak, Michal Skurowski, and Michal Szkodzinski, Livespace develops a cloud-based B2B process-focused CRM platform offering task and sales automation for professionals. According to the company, the platform allows users to streamline the sales process, set goals, and keep all their customer information up to date.

The CRM market is the largest software market for businesses, worth over 60 billion dollars. At Livespace, we aim to ultimately dominate the niche related to creating and optimizing sales processes for SMEs in the European market. We created Livespace to help sales teams work more efficiently and achieve higher, more predictable results,

Michał Skurowski, CEO of the company, comments.

• The company focuses on sales of its platform that helps sales departments organize and optimize sales process. In recent years, the system has been ranked the best in Poland four times by SellWise. According to the company, it delivers real value to over 1000 companies, which allowed the team to exceed PLN 10 million in revenue for the year 2023.

Investment details

The financing was provided by ARIA fund and INventures.

• ARIA fund is an independent Polish PE and VC fund management company run by professionals with a variety of business backgrounds. The fund acted as the main investor during the company’s first round in 2017.
• INventures is a Poznan-based VC fund specializing in strategic consulting, helping companies improve their core business areas. Livespace is the fund’s second investment this year, following February’s edrone, and tenth investment in total.

Livespace will apply the fresh funds for further product development, infrastructure scaling, and international expansion.