LiquidSpace, a US-based application that connects people seeking workspace with employers who have empty desks, has raised $6m in its series B round.
GPT Group, an Australia-listed property company, led the B round as a new investor and was joined by venture capital firms Shasta Ventures, Floodgate and Greylock Partners.
Sam Nickless of GPT joins LiquidSpace’s board.
Michael O’Brien, GPT’s head of corporate development and the real estate investment trust’s former chief financial officer, said: “LiquidSpace can be used by businesses to both reduce overall space requirements and gain productivity by changing the way employees use their workspaces.
“For GPT, there is a good opportunity to leverage the LiquidSpace platform as part of the property solutions we offer to our office, logistics and business park tenants. Our funding is part of a program of strategic venture investments in attractive and high potential new businesses, where GPT can provide targeted capital and strategic input, with the opportunity to create significant value growth.”
LiquidSpace’s total funding to date is $11.085m.
Prior to the B round, LiquidSpace raised $1.3m in a seed round led by Reid Hoffman of the Greylock Discovery Fund and Mike Maples of FloodGate, followed in May 2011 by a $3.785m A round led by Shasta Ventures.