The Venture Codex

Participated · Series C · Oct 2014

LiquidSpace operates a real-time marketplace that dynamically matches individual mobile workers and companies with professional meeting and workspace via web and mobile app. Founded in 2010 by CEO Mark Gilbreath and based in San Francisco, the company offers more than 5,500 vetted, reviewed workspaces in over 600 cities across the U.S., Canada and Australia. Customers include employees at multinational corporations such as Accenture, Teva Pharmaceutical and Postmates, as well as small business owners and individual freelancers. Use cases cited in the article include sales meetings, interviews, strategy offsites, customer trainings, quiet work, legal depositions, swing space and Board meetings. The company raised $14M in Series C financing and intends to use the funds to extend its product capabilities and scale operations. LiquidSpace operates a web and mobile platform that enables users to find and book workspace and meeting rooms (coworking venues, business centers, hotel lobbies, libraries, or private offices) by the hour or day. The service targets modern professionals who need instant bookings and companies that must manage workforce workspace needs both internally and externally. Founded in 2010 by Mark Gilbreath and based in San Francisco, the company aggregates available space and offers real-time booking. Its product serves on-demand, flexible workspace demand rather than long-term leases. Financially, the company has completed multiple funding rounds, most recently raising $1.3M and earlier securing a $6M Series B and a $3.785M Series A led by Shasta Ventures. LiquidSpace operates an online marketplace and booking tool that helps individuals and corporations find and book private workplaces and external spaces such as office business centers, hotels and coworking spaces. The platform enables employees to discover and reserve private workplaces within their company portfolios as well as third‑party locations. The company says it currently operates a network of over 2,000 private and public workspaces across more than 250 cities nationwide. LiquidSpace plans to use new capital to expand market-development efforts and extend its product offerings. Founded in 2010, the company is led by CEO Mark Gilbreath and is based in San Francisco, CA. LiquidSpace offers a mobile application that lets users find and reserve nearby workspaces on demand, including public spots (like coffee shops), paid co‑working spaces, and private company spaces. The product targets both workers without a fixed office and employees who spend significant time away from their primary desks. The company ran a promotion at South by Southwest to surface pop-up workspaces and is in limited testing in the San Francisco Bay Area. LiquidSpace has signed up four workspaces for testing, including RocketSpace, NextSpace, and Pacific Business Centers locations in San Mateo and San Francisco. On the financial side, the company announced a $3.6M first institutional round and previously raised $1.3M from Floodgate and the Greylock Discovery Fund. Future plans implied by the article include expanding availability beyond the limited Bay Area test and continuing to onboard partner workspaces. LiquidSpace is an iPhone app that helps mobile workers find immediate workspaces, from private offices and paid co‑working desks to public Wi‑Fi venues. The app lets users specify exact needs (for example, a desk with free Wi‑Fi or a private three‑person conference room) and shows listings sourced mostly from the facilities themselves, with users also able to add venue information and photos. The company positions the product as an Airbnb‑style service for on‑demand workspaces and promoted pop‑up workspaces at South by Southwest in Austin to drive adoption. The app is free to download; LiquidSpace plans to earn revenue by taking a share of paid transactions. The company has raised $1.3 million in funding from Greylock Partners and Floodgate. It cites an IDC projection of more than 110 million U.S. mobile workers this year to illustrate the market opportunity.