Swedish proptech Flowscape is closing out the year having marked a public listing on the Nasdaq First North Growth Market, geared to SMEs.
This isn't actually Flowscape's initial public offering though — that came in 2016 when the company joined the Spotlight Stock Market in Stockholm.
The startup, founded in 2011, yesterday started trading on the Nasdaq Nordic stock exchange, with shares this morning priced marginally lower than at its trading floor debut (currently priced at SEK 4.70 a share, versus SEK 4.80 yesterday.)
Founded in 2011, Flowscape provides digital workspace and analytics tools that allow offices to schedule time for desks, meeting rooms and parking, as well as room presence sensors for tracking turnout and a time-stamp system for mapping out hybrid work schedules.
During the aftermath of COVID-19, when companies needed to understand how to reintroduce office working, Flowscape had the ideal launch pad for scaling its digital offering. The expansion proved timely and Flowscape's technology is now used in more than 50 countries.
The software was typically used to enforce social distancing requirements, for instance, by keeping the office density below key thresholds.
The office worker's psyche has certainly changed to some degree since COVID. Small distractions like typing and listening to each others' telephone calls seem archaic to some and workflow-sapping, meaning employers want to modernise fast to stop talent leaving the nest.