Betterspace
Betterspace GmbH builds a LoRaWAN-based IoT platform for energy and operations management in non-residential buildings across the DACH region, offering smart heating control, digital guest communication, and Open API integrations for hotels, care facilities, schools, and municipal customers.
- Company typePrivate
- Founded2014
- HeadquartersIlmenau, Germany
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Betterspace does
Betterspace GmbH is a German IoT company founded in 2014 and headquartered in Ilmenau, Thuringia, that builds a LoRaWAN-based platform for energy and operations management in non-residential buildings. Its core product, better.energy, automates radiator and fan coil unit control using wireless LoRaWAN devices installed without structural alterations — a positioning that targets historic hotels, care facilities, hospitals, offices, schools, and municipal buildings where retrofitting is constrained. The platform is delivered through a Control module (automated temperature optimization based on occupancy signals) and a Monitor module (real-time consumption tracking), with better.integrations providing an Open API and Property Management System connectivity so that, for example, hotel check-in data automatically adjusts room temperature. Betterspace also offers better.guest, a digital guest communication suite with in-room tablets and a smartphone app.
The company operates a B2B, sales-led go-to-market focused on the DACH region (Germany, Austria, Switzerland), with a 51-100 person team delivering consultation-led project sales to enterprise and mid-market customers. Revenue is generated through three streams: SaaS subscriptions for the cloud platform, one-time hardware sales of thermostats and sensors, and professional services for configuration and ongoing support; pricing is quote-based with annual billing and unlimited-duration contracts that auto-renew for 12 months. The company reports 800+ equipped locations and 155,000+ networked devices across DACH, with named customers including Korian (care facilities with 50+ sites), Upstalsboom, Sunstar Hotels, Hotel Oderberger Berlin, Domicil, Gemeinde Gerstungen, and Jugendherberge Moun10.
Capital structure is private and founder-led, with managing directors Benjamin Köhler and Marcel Schöttke; the company has raised a Series A led by Statkraft Ventures with EIT InnoEnergy in 2019 (~$3.3M) and a seven-figure investment from Round2 Capital in August 2023 earmarked for further development of better.energy and expansion into education, healthcare, and municipal verticals.
Betterspace firmographics
Firmographics- Name
- Betterspace
- Legal name
- Betterspace GmbH
- Website
- https://betterspace360.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Betterspace GmbH builds a LoRaWAN-based IoT platform for energy and operations management in non-residential buildings across the DACH region, offering smart heating control, digital guest communication, and Open API integrations for hotels, care facilities, schools, and municipal customers.
- Ownership category
- akta.pro rank
Betterspace industry classification
Industry- Product category
- Smart Building Energy Management
- NAICS
- Steam and Air-Conditioning Supply (221330), Steam and Air-Conditioning Supply (22133)
- SIC
- Auto Controls For Regulating Residential & Comml Environments (3822), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)
- akta.pro primary industry
- Smart HVAC, IAQ & Energy Optimization (HSAPAPAB)
- akta.pro secondary industries
- Smart Climate & Air Quality (Thermostats, HVAC, Purifiers, IAQ Sensors) (HSAPAQAD), Occupancy, Space Utilization & Workplace Experience (HSAPAPAG), Customer Energy Engagement (In-Home Displays, Portals, Usage Insights) (EUADAFAH), HVAC Zoning, Smart Dampers & Ventilation Control (HSAOANAB)
Keywords
Where Betterspace is headquartered
LocationHeadquarters
- HQ city
- Ilmenau
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Betterspace business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain
Revenue model
- SaaS Subscription: Cloud-based software subscription model for the better.energy IoT platform, standard software, and monitoring services. Recurring subscription fees based on usage scope and contract duration.
- Hardware Sales: Sale of IoT devices and components including smart thermostats, sensors, and control units. One-time hardware purchase alongside subscription services.
- Professional Services: Configuration, implementation, and consulting services for system setup, including project process management, service offerings, and ongoing support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Quote-based pricing tailored to building size and requirements |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels8 records
Betterspace product offering
Product offeringCore offering
Betterspace offers a LoRaWAN-based IoT platform for non-residential buildings, providing smart radiator and fan coil control, real-time energy consumption monitoring, and digital guest communication for hotels. The platform enables automated, occupancy-based heating management that reduces energy consumption by up to 35% without requiring structural alterations, and is delivered alongside hardware (thermostats, sensors) and a central Open API integration layer.
Product overview
Betterspace offers a suite of IoT-based building management solutions organized around three core products: better.energy (intelligent heating/radiator control and energy monitoring), better.guest (digital guest communication for hotels), and better.integrations (central interface platform with Open API). The flagship better.energy platform uses LoRaWAN technology to connect radiators, fan coil units, and sensors for automated temperature control, achieving up to 35% energy savings. The platform is delivered through modules including Control (radiator and fan coil unit control) and Monitor (energy consumption monitoring). Better.guest provides in-room tablet and smartphone app solutions for hotel guest communication. Better.integrations enables system connectivity via Open API. All solutions target non-residential buildings including hotels, care facilities, hospitals, offices, and municipal buildings without requiring structural alterations.
Differentiator
Problem solved
Functional benefit
Brands
- better.energy: IoT platform for smart radiator control and intelligent building energy management, based on LoRaWAN technology. Enables automated heating control, energy consumption reduction of up to 35%, and CO2 emission reduction in non-residential buildings such as hotels, care facilities, and offices.
- better.guest
- better.integrations
Products and services
- better.energy
- better.guest
- better.integrations Central interface platform with Open API enabling secure data exchange and system networking for developers and software providers without manual effort, including Property Management System (PMS) integration for hotels.
Quantifiable outcome
- Up to 35% energy consumption reduction
- +3 more outcomes
Companies that use Betterspace
Customer profileNamed customers12 records
Segments7 records
Ideal customer profiles3 records
Betterspace technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature5 records
Betterspace partnerships and signals
Strategic signalScale indicators5 records
Recent moves5 records
Expansion highlights5 records
Betterspace competitors and assessment
Company assessmentDirect peers
- Loxone: Loxone is an Austrian provider of integrated building automation (heating, lighting, shading, access) for residential and commercial properties. It overlaps with Betterspace on smart HVAC control and building integration, and competes head-to-head in DACH hotels and commercial sites with a proprietary wired bus plus radio extension.
- Kieback&Peter: Kieback&Peter is a German building automation specialist delivering HVAC control, energy management and BMS solutions for commercial and public buildings. It is a long-established DACH competitor to Betterspace in the smart heating/HVAC control niche, with deeper enterprise footprint but a more traditional (non-LoRaWAN-first) stack.
- Plugwise: Plugwise is a Dutch provider of IoT-based energy and climate management solutions (radiator valves, thermostats, energy monitoring) for buildings. It is a close functional peer to better.energy's Control and Monitor modules and competes for similar non-residential energy-efficiency buyers across Northwestern Europe.
- tado°: tado° is a Munich-based smart climate control company offering thermostats and heating/AC control for residential and small commercial buildings. It is the most directly comparable German/DACH peer to Betterspace's better.energy platform, with overlapping LoRaWAN-adjacent connectivity and a similar energy-savings value proposition, though more weighted toward B2C.
Broad incumbents
- Siemens Smart Infrastructure: Siemens Smart Infrastructure offers Desigo CC and related BMS/HVAC control platforms for large commercial, hospitality and healthcare buildings worldwide. It competes with Betterspace at the high end of the smart-building stack in DACH, with broader portfolio (HVAC, lighting, security, energy) and global scale.
- Schneider Electric EcoStruxure: Schneider Electric's EcoStruxure Building Operation platform unifies HVAC, lighting, energy and space management for commercial and hospitality buildings. It is a broad-incumbent peer to Betterspace's smart-building portfolio and competes for large hotel chains and public-sector RFPs across Europe.
- Bosch Building Technologies: Bosch Building Technologies provides integrated building security, energy and HVAC solutions (including the BMS/IoT platform) for commercial properties. It competes with Betterspace in DACH hotels, offices and public buildings, with stronger hardware breadth but a less specialist focus on LoRaWAN-based radiator control.
- Honeywell Building Technologies: Honeywell Building Technologies delivers BMS, HVAC controls and energy-management software (e.g., Niagara, Forge) for hotels, hospitals and offices globally. It overlaps with Betterspace on automated HVAC control and energy optimization for non-residential buildings, but at much larger enterprise scale and via incumbent channel relationships.
Emerging players
- Akenza: Akenza is a Swiss low-code IoT platform that enables building and facility managers to connect sensors, devices and third-party applications. It overlaps with Betterspace's better.integrations layer and competes for similar smart-building use cases, though at the platform/orchestration layer rather than the heating-control application.
- EnOcean: EnOcean is a German provider of energy-harvesting wireless technology and IoT solutions for building automation, including self-powered sensors and switches used in HVAC and lighting control. It is comparable to Betterspace as a wireless-first smart-building IoT enabler in DACH, competing on connectivity technology rather than end-customer applications.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Betterspace social profiles
Digital presenceBetterspace financial estimates
Financial estimateRevenue estimate
Valuation estimate
Betterspace leadership team
Management profileNumber of profiles
Profiles3 records
Betterspace funding detail
Funding detailFunding overview
Funding rounds3 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Betterspace M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Betterspace
What does Betterspace do?
Betterspace offers a LoRaWAN-based IoT platform for non-residential buildings, providing smart radiator and fan coil control, real-time energy consumption monitoring, and digital guest communication for hotels. The platform enables automated, occupancy-based heating management that reduces energy consumption by up to 35% without requiring structural alterations, and is delivered alongside hardware (thermostats, sensors) and a central Open API integration layer.
Is Betterspace a public or private company?
Betterspace is a private company. It is classified as venture growth investor backed and is currently operating.
When was Betterspace founded?
Betterspace was founded in 2014. It employs 51 to 100 people.
Where is Betterspace based?
Betterspace is headquartered in Ilmenau, Germany, in the Europe region.
How does Betterspace make money?
Three revenue lines are on record. SaaS Subscription is the primary driver. The others are hardware Sales and professional Services.
Who are Betterspace's main competitors?
Direct peers on record are Loxone, Kieback&Peter, Plugwise and tado°. Broad incumbents are Siemens Smart Infrastructure, Schneider Electric EcoStruxure, Bosch Building Technologies and Honeywell Building Technologies. Emerging players are Akenza and EnOcean.
Does Betterspace have an API?
Yes. Betterspace offers an Open API through its better.integrations platform for secure data exchange between systems without manual effort, enabling smooth operations within buildings. The API allows networking of systems for developers and software providers. The website references an Open API section under better.integrations for users and developers. Developer documentation is at betterspace360.com/better-integrations/anwender.
What industry is Betterspace in?
Betterspace's product category is Smart Building Energy Management. Its primary akta.pro industry code is HSAPAPAB, Smart HVAC, IAQ & Energy Optimization, with a secondary code of HSAPAQAD, Smart Climate & Air Quality (Thermostats, HVAC, Purifiers, IAQ Sensors). Its NAICS code is 221330 and its SIC code is 3822.