LiquidSpace, a US-based application that connects people seeking workspace with employers who have empty desks, has raised $14m in its series C round from investors including office furniture producer Steelcase.
The round was led by investment bank Roth Capital with participation from commercial real estate firm Avison Young, real estate investment trust GPT Group, and venture capital firms Shasta Ventures, Black Diamond Ventures and Lucas Venture Group.
Mark Rose, president and CEO of Avison Young, a new investor in LiquidSpace, said: “The enormous flexibility LiquidSpace offers to individuals and companies by bringing a real-time marketplace model to office and meeting space is shaping the future of commercial real estate.”
In May 2013, LiquidSpace extended its series B round to $7.3m through investment by Steelcase and property developer CBRE Group, four months after raising an initial $6m. LiquidSpace’s total funding to date is about $27m.
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.
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 $3.8m series A round led by Shasta.