Occuspace Closes $3.6 Million in Seed Round

by Kay Aloha Villamor in September 1st, 2023

Occuspace, a Los Angeles, CA-based technology company that specializes in developing easy-to-install and scalable occupancy management solutions, closed $3.6 million in seed funding.

SaaS Investors

The round was led by Okapi Venture Capital and joined by Cove Fund, Shadow Ventures, and Hamilton Ventures.

Founded in 2005, Okapi Venture Capital is a venture capital firm based in Newport Beach, California. The firm seeks to invest in companies operating in the enterprise and consumer technology sectors. okapivc.com

Occuspace Use of Funds

With the infused capital, Occuspace plans to accelerate its growth in key channels. The company aims to enhance its business development efforts and expand its market share in the higher education sector, where it already serves institutions such as UC San Diego, UCLA, Columbia University, and more.

Occuspace also intends to expand into other verticals, including corporate offices, multifamily properties, travel, government, and retail, where its technology has demonstrated a strong product-market fit.

About Occuspace

Occuspace is a technology company that provides occupancy management solutions. The privacy-friendly IoT occupancy tracking technology and consumer iOS and Android app, Waitz, allow institutions, property owners, and patrons to monitor crowd levels in a given space in real-time. Occuspace’s occupancy monitoring solution helps customers measure and optimize the use of their physical spaces to improve utilization, make informed operational decisions, reduce real estate costs, and enhance visitor experiences.

Funding Details

Company: Occuspace, Inc.

Raised: $3.6M

Round: Seed Round                                            

Funding Month: August 2023

Lead Investors: Okapi Venture Capital 

Additional Investors: Cove Fund, Shadow Ventures, and Hamilton Ventures

Company Website: https://occuspace.io/

Software Category: Occupancy Management Software

Source: https://www.einpresswire.com/article/651607519/occuspace-secures-3-6m-in-seed-funding-to-propel-expansion-and-occupancy-monitoring-technology-innovation


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