OfficeSpace Raises $150M to Power the Future of Hybrid Work

OfficeSpace will use the new capital to expand its already robust work management solutions and grow its Atlanta team.

Written by Charli Renken
Published on Jan. 24, 2022
OfficeSpace Raises $150M to Power the Future of Hybrid Work

OfficeSpace raises $150M

You’ve heard it before: hybrid working models are here to stay. As the pandemic continues and companies decide to expand remote work options for new hires, employers need a solution for managing new dynamic workspaces. OfficeSpace, an Alpharetta-based workplace management software company, offers exactly that. The company recently received approximately $150 million in strategic investment from Vista Equity Partners to continue developing solutions for the future of hybrid work. 

OfficeSpace’s platform allows teams to stay informed about everything to do with their office. With automated notifications and interactive floor plans, employees can book conference rooms, complete wellness checks, reserve desk space and more from any internet-enabled device.

To help companies with return-to-office plans, OfficeSpace recently launched “Neighborhoods,” a new feature designed to manage hybrid workplaces. Neighborhoods allows employers to organize their offices with flexibility and ease by grouping employees and seats together by team, project, space or collaboration needs. 

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The investment from Vista’s Endeavor Fund will help OfficeSpace continue to help businesses and organizations to enhance and evolve their workplace strategy. According to the Atlanta Business Chronicle, the funding will also be used to grow its Atlanta workforce, where about 50 of its 200 employees are located.  

“This is a milestone moment for OfficeSpace as we help our clients navigate the future of work,” OfficeSpace CEO David Cocchiara said in a statement. “We pride ourselves on going above and beyond to support our customers, and this investment allows us to carry on and evolve the service excellence our clients are accustomed to…I’m incredibly proud of our team, and we are ready to build on our strong foundation and continue to bring exceptional value to our customers.”

The company is currently hiring for 11 positions based in Atlanta, and more positions will likely follow as the investment gets put to use.

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