Desana, an Edinburgh, Scotland-based B2B hybrid workspace platform that enables companies to give their employees much more flexibility, closed $7.4 million in funding.
The round was co-led by PT1—PropTech1 Ventures and JLL Spark, with participation from Desana pre-seed investor Techstart Ventures, BGF, and Groundbreak Ventures.
The new funding is intended to boost global growth by doubling down on the company's US presence, where it is gaining HR around California's tech scene, including Github, Twilio, and Sonos.
Michael Cockburn, Desana co-founder, and CEO adds: "We’ve come a long way from launching our initial product from our living rooms in Edinburgh to working at a global scale with some of the biggest companies in the world as they fundamentally rethink the way they utilize office space."We established Desana ahead of one of the biggest shifts in working culture for generations, and this unprecedented transition has driven a huge amount of growth for us. But, given the scale of the change in this industry, we believe that there’s still so much more to come."
Desana is witnessing significant demand from enterprises wishing to adjust to new, hybrid modes of working. Since launching in 2019, the SaaS and marketplace platform has garnered reach in North America.
The software connects employers to on-demand workspaces in more than 600 cities across 60 countries.
Company: Desana Network Limited
Funding Month: March 2023
Lead Investors: PT1 - PropTech1 Ventures and JLL Spark
Additional Investors: Techstart Ventures, BGF, and Groundbreak Ventures
Company Website: https://desana.io/
Software Category: Hybrid Workspace Software
About the Company: Founded in 2019 by Michael Cockburn, Steve Jeans, and Ro Ramtohul, Desana is a provider of hybrid workspace software that lets enterprises book flexible office desk space for their employees on the fly. Its platform helps to increase occupancy, revenue, and new leads while sharing all of the space's benefits with a growing network of freelancers, allowing clients to cut operating costs and work from remote locations. Desana's team now straddling Canada and the US as well as its UK HQ. The company's mission is to change the way the world works. Github, Twilio, Sonos, Elastic, and Splunk are some of the big names using Desana's workspace management tools.