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LiquidSpace Receives Additional Funding of US$ 1.3 Million

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LiquidSpace, the web and mobile platform, which aims to facilitate the process of finding on-demand work and meeting spaces in the US, received $ 1.3 million in additional funding this week. The money will be added on to the US$ 11 million in funding raised since 2010. According to the company, the support comes from two new strategic investors—Steelcase and the CBRE Group, two bigger companies that are also involved in the workspace industry.

As companies increasingly reevaluate their workplace strategies, the demand for solutions, which platforms like Liquidspace, Sharedesk or Desktime offer, continues to grow. 

Unlike other platforms, Liquidspace mainly offer workspaces that can be rented between one hour and a full day. Apart from coworking spaces, they also focus on large companies that turn underused real estate into collaborative assets and simultaneously allow their employees to tap into a more diverse network of on-demand work and meeting spaces. For this reason, they also recently started a partnership with Marriot that will offer these spaces in hotels. 

That is perhaps why this platform is now supported by two new big companies: CBRE and Steelcase. CBRE is a large commercial real estate services and investment firm, and Steelcase provides office furnishings worldwide. “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,” said Sara Armbruster from Steelcase. “We look forward to sharing our insights into workplace evolution with the LiquidSpace team as it continues to evolve its platform.”

The founder and CEO of Liquid Space is also excited for the opportunities to come with their brand new investors. “We are thrilled to have the support of Steelcase… as we work with Fortune 500 companies to provide a clean, simple solution for evolving their real estate portfolio and workplace strategy,” said Mark Gilbreath. “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.”

Since 2010 they teamed up with Steelcase and their brand Turnstone on several projects, especially during events. Steelcase recently opened its own workspaces under the umbrella of Workspring. There are now two locations in Chicago and another one in Palo Alto which offer places for corporate coworking. 

As of now, Liquid Space’s total funding is US$ 12,385 million, and they will continue to work towards solutions for both corporations and individual professionals. According to their own statistics, the company has allowed for over 200,000 reservations across its existing network in 250 cities across the US.

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