LiquidSpace, the web and mobile platform that finds on-demand office and meeting space, has raised a follow-on of USD1.3m to the USD6m series B funding raised earlier this year.
The funding comes from two new investors – Steelcase and CBRE Group.
As companies increasingly re-evaluate their workplace strategies, demand for LiquidSpace’s enterprise solutions continues to grow. LiquidSpace is helping large enterprises turn underused real estate into a collaborative asset with a simple internal reservation solution, while simultaneously allowing their employees to tap into a network of on-demand publicly available work and meeting spaces. LiquidSpace enterprise customers are then using the rich data set generated to make smarter workplace decisions based on real utilisation data.
"We are thrilled to have the support of Steelcase, the global leader in the office furniture industry and CBRE, the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue), as we work with Fortune 500 companies to provide a clean, simple solution for evolving their real estate portfolio and workplace strategy," says Mark Gilbreath, founder and chief executive of LiquidSpace. "We look forward to leveraging their insights and experience to advance a demand-driven model that reduces costs for companies and provides employees with more choices and reliable workspace options."
CBRE is the world’s largest commercial real estate services and investment firm, serving real estate owners, investors and occupiers through more than 300 offices worldwide.
Steelcase is a provider of office furnishings, products and services industry. For over 100 years, Steelcase has been bringing human insight to business by studying how people work, wherever they work.
"Many of our biggest customers are undertaking a real estate transformation and our investment in LiquidSpace reflects how critically important alternate space is to enable this change," says Sara Armbruster, vice president of corporate strategy and WorkSpace Futures at Steelcase. "We look forward to sharing our insights into workplace evolution with the LiquidSpace team as it continues to evolve its platform."
In January 2013, LiquidSpace raised USD6m in Series B funding led by The GPT Group, a real estate trust, with participation from existing investors Shasta Ventures, Floodgate Fund and Greylock Capital. Prior to the Series B, LiquidSpace raised USD1.3m in a seed round led by Reid Hoffman of the Greylock Discovery Fund and Mike Maples of FloodGate, followed in May 2011, by a USD3.785m Series A round led by Shasta Ventures. The company’s total funding to date is USD12.385m.
