Property developer Mitsui Fudosan has participated in an $11m round for Peerspace, the US-based operator of a marketplace for rentable spaces.
Venture capital firms Foundation Capital and Carthona Capital and real estate loan provider Red Bridge Partners also invested in the round, according to a blog post by Peerspace founder and CEO Rony Chammas.
Founded in 2014, Peerspace runs a network through which users can hire out spaces to businesses for a range of activities including events, meetings, product launches and film or photographic shoots.
The company has now raised approximately $17.5m in financing, with Foundation Capital leading a $5m series A round in late 2015 that included Structure Capital, the VC fund that took part in a $1.5m seed round the year before alongside assorted angel investors.
Chammas said: “A key component of bringing a disruptive idea to life is to partner with investors that share your vision. The investors who have chosen to join us on this journey are among the most respected names in peer-to-peer marketplaces and in commercial real estate.
“Their vote of confidence in Peerspace fuels our efforts with an invigorated sense of tenacity and focus.”