LiquidSpace, an online marketplace for ad hoc meeting and workspace, has raised $14 million in venture capital, it announced
today. The funding -- led by Roth Capital, with participation from Shasta Ventures, Black Diamond Ventures, and Lucas Venture Group, as well as Avison Young, GPT Group, and Steelcase -- will be used to extend its product capabilities and "aggressively scale on its success."
"LiquidSpace has built an enviable, customer-centric platform that is disrupting the traditional way office space is leased," said Mark Rose, president and CEO of Avison Young, a commercial real estate firm and a new investor in LiquidSpace. "The enormous flexibility LiquidSpace offers to individuals and companies by bringing a real-time marketplace model to office and meeting space is shaping the future of commercial real estate. We look forward to working with LiquidSpace globally."
Founded in 2010, LiquidSpace allows individuals and companies to find and book meeting and office space by the hour, day, or longer across the United States, Canada, and Australia. Currently, its marketplace includes more than 5,500 workspaces in 600 cities. In the coming months, LiquidSpace will use its capital infusion to expand the range of space offerings available through its marketplace to support additional business use cases, and will also extend its booking options beyond hourly and daily reservations to support longer duration needs.
"More and more work happens on the go, while most desks and commercial office buildings sit empty the majority of every day," said Mark Gilbreath, founder and CEO of LiquidSpace, which recently celebrated its 1 millionth transaction. "Our platform gives people instant access to the great spaces that surround us. Increasingly, individuals and companies alike are embracing the idea that work isn't a place we go; it's something we do. LiquidSpace is enabling the masses to rethink work and to reimagine their workplace. The ability to find and book work space that suits your project needs, your personality, and your location preferences, and to pay only for the duration that you need, is universally appealing. Professionals today have more mobility and choice than ever before and this global trend is fueling great demand for our platform."For a recap of last week's top stories, check out MeetingNews Minute: