36Kr reported that MICE venue and service brand L-SPACE has received RMB 2 million from individual investors in a seed round of financing. This round of funds will be used to launch its first store. 

L-SPACE aims to become a one-stop venue-based exhibition service supplier by leasing the sites from real estate developers and service providers, then equipping the venues with personnel, materials, hardware and others. 

Slated for September this year, the store mainly addresses the needs for small meetings for 100-300 people, and the cost of such events will be lower than four- and five-star-rated hotels. The first store will become the model for developing a standard operating procedure.

On the other hand, L-SPACE also aspires to become an exhibition partner of hotels, and use its teams to help hotels increase venue usage rates with its standardized operation.