CommonGrounds Workplace, based in San Diego, CA and led by CEO Jacob Bates, operates an enterprise-grade Workplace-as-a-Service (WaaS) platform delivering flexible workplaces, office space, HQ on Demand, coworking, and property services. Its offering includes hosted events, speakers, lunch-and-learns, facility management and CG+, a mobile application that lets members manage subscriptions, teams, room bookings and job postings and can be white-labeled for asset owners. The company supplies enterprise-grade furniture, fixtures, security and technology and has developed and patented a demountable wall system in partnership with Tecno of Milan to address customization, sound mitigation and security needs. CommonGrounds expanded from one open location in Carlsbad to 21 locations in various stages of opening within a year, with roughly 610,099 square feet open and under construction across 20 cities and 11 states. It has signed over 294,000 square feet of new leases in seven cities and is negotiating with asset owners to grow to approximately two million square feet across roughly 50 locations within 24 months. The company intends to use the recent financing to expand operations.

Total raised

$40M

Funding rounds

1

Latest round

Series A

Latest activity

Sep 2019