{"id":108156,"date":"2024-03-01T12:04:17","date_gmt":"2024-03-01T11:04:17","guid":{"rendered":"https:\/\/www.livespace.io\/?p=108156"},"modified":"2024-06-21T10:53:58","modified_gmt":"2024-06-21T08:53:58","slug":"livespace-crm-secures-10-million-pln","status":"publish","type":"post","link":"https:\/\/www.livespace.io\/en\/blog\/livespace-crm-secures-10-million-pln\/","title":{"rendered":"Livespace CRM Secures 10 Million PLN for European Expansion"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents:<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.livespace.io\/en\/blog\/livespace-crm-secures-10-million-pln\/#INventures_Invests_10_Million_in_Livespace\" >INventures Invests 10 Million in Livespace<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.livespace.io\/en\/blog\/livespace-crm-secures-10-million-pln\/#6x_ARR_Growth_Since_Last_Round\" >6x ARR Growth Since Last Round<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.livespace.io\/en\/blog\/livespace-crm-secures-10-million-pln\/#Future_plans_goglobal\" >Future plans: #goglobal!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.livespace.io\/en\/blog\/livespace-crm-secures-10-million-pln\/#Without_you_we_wouldnt_be_here\" >Without you, we wouldn&#8217;t be here<\/a><\/li><\/ul><\/nav><\/div>\n<p>Livespace CRM has raised 10 million PLN to conquer Europe. Eleven years ago, Micha\u0142 and Marcin decided to independently tackle the problem they faced in B2B sales by creating a CRM system focused on processes. Livespace was created to genuinely support salespeople&#8217;s work and manage the sales process in a way that makes it repeatable and predictable.<\/p>\n<p>Today, Livespace has over 1000 paying customers and has transitioned from a startup to a profitable company that has just closed an investment round of 10 million PLN for further development and global expansion.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"INventures_Invests_10_Million_in_Livespace\"><\/span>INventures Invests 10 Million in Livespace<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&#8220;Livespace focuses not only on the product itself but also on educating the industry and introducing new standards in the way salespeople work. This comprehensive approach, combined with the company&#8217;s stable income growth, growth potential, and healthy cap table, convinced us to invest in the company,&#8221; says Wojciech D\u0105browski, a board member of INventures, the investment fund that led this round.<\/p>\n<p>&#8220;Scaling a business is a marathon. Despite partially exiting our investment, we remain in the company because we believe in Livespace&#8217;s mission, vision, and growth prospects,&#8221; says Dariusz Lewandowski from the ARIA fund, which was the main investor during the company&#8217;s first round in 2017.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"6x_ARR_Growth_Since_Last_Round\"><\/span>6x ARR Growth Since Last Round<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Since the last investment round, Livespace has grown sixfold and reached profitability: <strong>&#8220;We have transformed from a startup into a company,&#8221; says Marcin Sta\u0144czak, COO of Livespace.<\/strong><\/p>\n<div id=\"attachment_108141\" style=\"width: 1040px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-108141\" class=\"size-large wp-image-108141\" src=\"https:\/\/www.livespace.io\/wp-content\/uploads\/2024\/02\/Blog-post-wykres-1030x440.jpg\" alt=\"Chart showing ARR growth (from 0 to 10M) in Livespace (2013 - 2024)\" width=\"1030\" height=\"440\" srcset=\"https:\/\/www.livespace.io\/wp-content\/uploads\/2024\/02\/Blog-post-wykres-1030x440.jpg 1030w, https:\/\/www.livespace.io\/wp-content\/uploads\/2024\/02\/Blog-post-wykres-300x128.jpg 300w, https:\/\/www.livespace.io\/wp-content\/uploads\/2024\/02\/Blog-post-wykres-768x328.jpg 768w, https:\/\/www.livespace.io\/wp-content\/uploads\/2024\/02\/Blog-post-wykres-705x301.jpg 705w, https:\/\/www.livespace.io\/wp-content\/uploads\/2024\/02\/Blog-post-wykres.jpg 1200w\" sizes=\"(max-width: 1030px) 100vw, 1030px\" \/><p id=\"caption-attachment-108141\" class=\"wp-caption-text\">From 0 to 10 million ARR in Livespace<\/p><\/div>\n<p>&#8220;In the 10 years of Livespace&#8217;s operation, we have managed to build a company that delivers real value to over 1000 companies, which allowed us to <strong>exceed 10 million PLN in revenue for the year 2023<\/strong>&#8220;.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Future_plans_goglobal\"><\/span>Future plans: #goglobal!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<blockquote><p>&#8220;The <strong>CRM market<\/strong> is the largest software market for businesses, <strong>worth over 60 billion dollars<\/strong>. At Livespace, we aim to ultimately dominate the niche related to creating and optimizing sales processes for SMEs in the European market,&#8221; says Micha\u0142 Skurowski, CEO of the company, and he adds:<\/p><\/blockquote>\n<p>&#8220;We created Livespace to help sales teams work more efficiently and achieve higher, more predictable results. To fulfil this mission in the coming months and years, we plan to focus on three key areas:<\/p>\n<h3>Utilizing artificial intelligence<\/h3>\n<p>AI in Livespace CRM is designed to assist sales managers in creating and optimizing sales processes, as well as to relieve salespeople in carrying out these processes by automating tedious and repetitive tasks. We have already started working with leading Polish scientists in this field and plan to invest heavily in this area.<\/p>\n<h3>Expanding into new markets<\/h3>\n<p>Currently, we basically have no direct competition among Polish CRM providers &#8211; we mainly compete with global players. Thanks to the recruitment of key individuals in recent months and the restructuring of processes, we are ready to compete for market share in new markets.<\/p>\n<h3>Market education<\/h3>\n<p>At Livespace, we have unique know-how and data on how to organize salespeople&#8217;s work to make it efficient and how to continuously improve this efficiency. We want to share this knowledge with our customers and work even closer with them on developing both our proprietary methodology for creating and optimizing sales processes and implementing best practices directly into our CRM software.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-large wp-image-108131\" src=\"https:\/\/www.livespace.io\/wp-content\/uploads\/2024\/02\/image1-1030x606.jpg\" alt=\"Sales process kanban view in Livespace CRM\" width=\"1030\" height=\"606\" srcset=\"https:\/\/www.livespace.io\/wp-content\/uploads\/2024\/02\/image1-1030x606.jpg 1030w, https:\/\/www.livespace.io\/wp-content\/uploads\/2024\/02\/image1-300x176.jpg 300w, https:\/\/www.livespace.io\/wp-content\/uploads\/2024\/02\/image1-768x452.jpg 768w, https:\/\/www.livespace.io\/wp-content\/uploads\/2024\/02\/image1-1536x904.jpg 1536w, https:\/\/www.livespace.io\/wp-content\/uploads\/2024\/02\/image1-1500x882.jpg 1500w, https:\/\/www.livespace.io\/wp-content\/uploads\/2024\/02\/image1-705x415.jpg 705w, https:\/\/www.livespace.io\/wp-content\/uploads\/2024\/02\/image1.jpg 1700w\" sizes=\"(max-width: 1030px) 100vw, 1030px\" \/><\/p>\n<p>Marcin, COO, adds, &#8220;It&#8217;s incredible to see the effects of implementing the sales process we promote. <strong><a href=\"https:\/\/www.livespace.io\/\">Livespace CRM<\/a> guides salespeople by hand and gives managers greater control over their teams&#8217; task execution, which ultimately leads to better sales results<\/strong>. We believe this sales model can effectively help increase revenues for businesses worldwide.&#8221;<\/p>\n<p>&#8220;We believe that <strong>even the best technology won&#8217;t solve the real problems companies face if there&#8217;s a lack of knowledge on how to use it<\/strong>,&#8221; adds Micha\u0142. &#8220;That&#8217;s why, at Livespace, unlike the traditional software development model, we combine practical knowledge with useful tools.&#8221;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Without_you_we_wouldnt_be_here\"><\/span>Without you, we wouldn&#8217;t be here<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<blockquote><p>&#8220;Over the years, we&#8217;ve learned a lot. The most important lesson, however, comes from the fact that <strong>being close to customers and market experts is crucial in scaling technological products<\/strong>. We are grateful to the customers who have trusted us &#8211; especially the first ones such as iTaxi, NaTemat, InPost, DBK, or Ferrari. We also thank all partners, investors, advisors, and the Livespace team, without whom we wouldn&#8217;t be here!&#8221;<\/p>\n<p>Micha\u0142 &amp; Marcin<\/p><\/blockquote>\n<p>Want to learn more about how to introduce Livespace into your company?<br \/>\n<a class=\"register-form\" href=\"#\">Sign up for a free trial<\/a> or <a href=\"https:\/\/www.livespace.io\/en\/get-your-livespace-demo\/\">schedule a demo with us<\/a>!<\/p>\n<div style='text-align:center' class='yasr-auto-insert-visitor'><\/div>","protected":false},"excerpt":{"rendered":"<p>Livespace CRM has raised 10 million PLN to conquer Europe. Eleven years ago, Micha\u0142 and Marcin decided to independently tackle the problem they faced [&hellip;]<\/p>\n","protected":false},"author":90,"featured_media":108137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"B","footnotes":""},"categories":[1,605],"class_list":["post-108156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-news"],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":1,"sum_votes":5},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Livespace CRM Secures 10 Million PLN for European Expansion<\/title>\n<meta name=\"description\" content=\"Livespace has closed an investment round of 10 million PLN for further development and global expansion. 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