Palats

Palats

A digital platform for circular material- and inventory management. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$6—9m (Dealroom.co estimates May 2023.)
Company register number 559301-8400
Göteborgs Stad Västra Götaland County (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues<1m<1m
% growth-83 %
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DateInvestorsAmountRound
*

SEK4.4m

Seed
*

SEK13.0m

Seed
Total Funding$2.1m

Recent News about Palats

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More about Palatsinfo icon
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Palats.app is a startup that provides a digital solution for inventory management of office furniture and building materials, with a focus on promoting reuse and sustainability. The company operates in the office and construction industries, serving a diverse clientele that includes architects, employees, and organizations such as Volvo and Cytiva.

The business model of Palats revolves around offering an AI-powered tool that simplifies the process of taking inventory, planning, and executing interior design and relocation projects. The tool is designed to be user-friendly and efficient, enabling clients to complete their projects 20-50% faster.

Palats' unique selling proposition is its emphasis on sustainability and cost savings. By facilitating the reuse of materials, the company helps clients reduce waste and carbon emissions, contributing to a greener future. This approach also translates into financial savings, as demonstrated by the reuse of materials worth 300,000 SEK and the saving of 3,500 kg of CO2e within a few weeks.

The company generates revenue by offering its inventory management tool to organizations and consultants. It also provides services for stocktaking and coordination during office moves or renovations.

Keywords: Inventory Management, Office Furniture, Building Materials, Reuse, Sustainability, AI-Powered Tool, Cost Savings, Carbon Emissions Reduction, Stocktaking, Coordination.