Galway-headquartered hybrid working platform Ronspot has raised €1.1m in investment to help in its ongoing expansion.

The funding round was led by Furthr VC, with Halo Business Angel Network and Enterprise Ireland.

Ronspot plans to create 10 new jobs over the next 18 months, with the ultimate aim of growing its revenue 400% year-on-year to 2025.

The company was founded in 2018 as a corporate parking management platform, but has since evolved to help companies manage hybrid workers.

That includes the ability for users to book hot desk and meeting rooms, as well as other workplace resources like car and bicycle spaces and staff lockers.

Today it is used by 200 companies across more than 30 countries.

"It continues to be an employee's market and top talent will leave roles, or accept positions elsewhere, if a company isn’t doing enough to support the work/life balance that they have become accustomed to over the last two-and-a-half years," said Ronspot CEO Michael Furey. "We recognised this shift early on in the pandemic and have evolved our solution to become an essential tool in any modern workplace."

The planned jobs will be based in Galway and Dublin on a hybrid or remote basis, and will bring Ronspot’s total workforce to 28.

The roles will be in areas including sales, marketing, data security and human resources.

Great companies can be born out of uncertain times and Ronspot is an example of this," said Richard Watson, managing partner at Furthr VC. "Early in the pandemic, the team recognised that the world of office work was changing forever and took the company in a new direction to take advantage of this.

"We are excited to be leading this investment round and look forward to working closely with Ronspot’s leadership team as we prepare for strong international growth and ultimately delivering significant returns for our investors and other shareholders."