Locatee is a technology company.
Locatee has raised $12.0M across 2 funding rounds.
Locatee has raised $12.0M in total across 2 funding rounds.
Locatee has raised $12.0M in total across 2 funding rounds.
Locatee's investors include Acton Capital Partners, Atomico, AXA Strategic Ventures, Energize Ventures, Fifth Wall, Fyrefly VC, Pareto Holdings, Thayer Ventures, Tomahawk.VC.
Locatee AG is a Zurich-based technology company specializing in workplace analytics software that aggregates data from Wi-Fi, Ethernet, sensors, and other sources to deliver real-time and historical insights into office space utilization.[1][2][3][4] It serves corporate real estate managers, facility teams, and organizations with global office portfolios, helping them optimize space, cut costs (e.g., 10% lease savings for Swiss Re, 20% cleaning reductions for FHNW), and enhance hybrid workplace experiences for clients like EY, Swiss Re, Swiss Post, Zurich Insurance, and Biogen across 60+ countries and 6 continents.[2][7][8] The platform solves post-pandemic challenges like hybrid work by enabling fact-based decisions on portfolio rightsizing, occupancy monitoring, smart operations (e.g., cleaning, HVAC, navigation), and employee satisfaction through patented visualization tools like color-coded floor maps and heatmaps.[1][3][6][8]
Locatee demonstrated strong growth, raising $12M in funding before its acquisition by U.S.-based Tango Analytics in March 2024, reflecting robust momentum in the proptech space.[3]
Locatee was founded in 2013 in Zurich, Switzerland, by Thomas Kessler and Benedikt Köppel as a side project, evolving from their recognition of corporate real estate challenges in a shifting work landscape.[1][3] The duo transitioned to full-time roles after securing an initial funding round and notable support, marking early traction amid rising demand for data-driven workspace insights.[1] Pivotal moments included developing patented technology for multi-source data processing and building a partner ecosystem with firms like Cisco, Regent, and Aremis to enable smart buildings.[2][3][4] By leveraging existing IT infrastructure for scalable deployment, Locatee quickly gained adoption among multinational enterprises, culminating in its 2024 acquisition by Tango Analytics.[3][7]
Locatee's edge lies in its scalable, non-intrusive analytics platform, distinguishing it from sensor-heavy competitors like Density or Butlr.[3][4][7]
With 3 patents in GPS navigation, networking, and remote desktop tech, Locatee holds intellectual property advantages.[3]
Locatee rides the hybrid work and proptech wave, capitalizing on post-COVID shifts where 70-80% office utilization drops demand data-driven optimization amid $trillions in global CRE portfolios.[7][8] Its timing aligns with smart building trends, integrating IoT and AI for occupant-centric spaces, fueled by market forces like remote work persistence, sustainability mandates, and cost pressures on CFOs.[2][7] By enabling 10-20% savings in leases, cleaning, and fit-outs, it influences the ecosystem through partnerships (e.g., Cisco) and adoption by Fortune 500 firms, pushing competitors toward hybrid analytics and accelerating CRE digital transformation.[2][8] The 2024 Tango acquisition positions it to expand U.S. reach, blending Swiss precision with American scale in a market projected to grow as enterprises consolidate offices.[3]
Under Tango Analytics, Locatee will likely deepen integrations with facilities management software, targeting explosive growth in AI-enhanced CRE amid hybrid norms and economic scrutiny.[3][7] Trends like generative AI for predictive occupancy, stricter ESG reporting, and Web3-enabled space marketplaces will shape its path, potentially evolving into a full-stack proptech platform influencing global standards for workspace intelligence.[7] As CRE leaders prioritize data over intuition, Locatee's acquisition trajectory signals sustained impact—transforming "complex data into space utilisation insight" from a startup promise to an industry cornerstone.[1][2]
Locatee has raised $12.0M across 2 funding rounds. Most recently, it raised $8.0M Series B in September 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2021 | $8.0M Series B | Acton Capital Partners, Atomico, AXA Strategic Ventures, Energize Ventures, Fifth Wall, Fyrefly VC, Pareto Holdings, Thayer Ventures, Tomahawk.VC | |
| May 1, 2020 | $4.0M Series A | Acton Capital Partners, Atomico, AXA Strategic Ventures, Energize Ventures, Fifth Wall, Fyrefly VC, Pareto Holdings, Thayer Ventures, Tomahawk.VC |