Student loan servicing business Nelnet led the seed funding round for the startup company.
"As an early customer and now an investor, we firmly believe Maptician is poised to disrupt the market for workplace and capacity management technology," said Al Davis, Nelnet executive director of Enterprise Risk Management and leader of the pandemic response team at the company. “Maptician is an essential component of our return-to-work strategy and post-pandemic future.”
Additional funding for the office space management startup business came from investors, including Invest Nebraska and the Nebraska Angels. Invest Nebraska is a venture development organization with a focus on growing Nebraska’s economy, and the Nebraska Angels are a syndicate of accredited investors that support local Nebraskan economies and entrepreneurs.
The latest financing will help the office space management startup company continue to develop its platform. Furthermore, Maptician also announced Equifax Chief Technology Officer Bryson Koehler as an independent strategic investor in the startup business.
Visualizing Office Space and Managing the Team
Founded in 2018 by entrepreneurs Nick Eurek, Paul Eurek, and John Wichmann, Maptician helps business owners visualize workspace and employee availability. The platform built by the office space management startup is designed to allow users to optimize their office space and only spend money on the resources they actually require.
The office space management software lets leaders at a company see real-time updates on the availability of employees who are working both on-site and from home. Maptician specifies whether that employee is currently in the building, at their desk, or working remotely. The software built by the office space management startup business also allows leaders to assign specific offices to employees that frequently work on-site, as well as flexible workspaces that can be reserved or occupied on a first-come-first-serve basis.
“With this investment and the addition of a stellar new strategic investor in Bryson Koehler, we will further accelerate our outreach and continue to develop our software platform which supports the new hybrid workplace,” said Maptician President Nick Eurek.
Competition in the Facility Management Space
Maptician targets a growing industry with its software solutions. Especially in the wake of the global pandemic, office space management is vitally important for companies that are trying to keep track of both in-person and remote employees.
Market research projects the global facility management software market to value over $87 billion by 2027. The industry is expected to grow at a CAGR of 10.9% from 2020 to 2027. Maptician will likely compete for investor support and space in the market with other companies such as Skedda, Archibus, and iOFFICE.
About the Author
James White is a Michigan State University graduate with a B.S. in Environmental Biology. He is interested in reporting emerging trends in technology, especially with regard to alternative energy and environmental conservation.