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.
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.
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.
Company: Occuspace, Inc.
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