HelloOffice, the San Francisco-based commercial real estate brokerage, announced it has raised a $20 million Series A round of financing.
Point72 Ventures led the investment round with participation from existing investors Initialized Capital, Founders Fund, SaaStr, House Fund, Jake Gibson, among others. The company also had new investments from clients and partners.
“HelloOffice’s full-stack approach to brokerage will be a game changer for the real estate industry,” said Sri Chandrasekar, Partner at Point72 Ventures. “We are excited to partner with this innovative and collaborative company as they continue to expand their product offering and geographic footprint.”
HelloOffice, which has now raised $27 million to date to build software that streamlines the task of finding office space, will invest the funds in building its technology platform and expanding its services to project management and workplace strategy.
The company will also be expanding to new geographies beyond San Francisco and Los Angeles.
“We saw a huge opportunity to expand our technology platform and geographic footprint. The time is ripe to usher in the hybrid workplace in a scalable way,” said Justin Bedecarre, CEO, HelloOffice.
“We are focused on creating new product offerings to help companies find their optimal workplace solution and, in many cases, work with companies transitioning to hybrid workplaces.”
HelloOffice’s high-tech, high-touch service will soon deliver an end-to-end platform for the workplace – helping clients find their space, close their lease, build out their office, and assist in ongoing operations for their optimal workplace.
The company recently hired construction management leader Kyla Brennan from Newmark Knight Frank, who has built out millions of square feet in projects for clients like Stripe, Box, and Lattice.
“Everyone is rethinking the modern office and it’s going to take a modern, software-powered brokerage to lead companies into this new era. We’ve been proud to work with Justin and his team from their earliest days and HelloOffice continues to set the industry standard,” said Alexis Ohanian, General Partner at Initialized Capital.
The pandemic brought on an unprecedented work from home experiment and has accelerated workplace transformation.
HelloOffice delivers curated real-time information, collaborative tools, and a secure way to manage workplaces in a single cloud-based platform, supported by expert brokers, project managers, and workplace strategists.
“The place we work should be as flexible, dynamic, and energetic as we’ve each proven to be. A place of potential. That’s what you can expect in the future,” adds Bedecarre. “That’s what HelloOffice delivers for our clients.”