Upflex, a New York-based premier SaaS provider of hybrid workspace solutions, announced that it closed $30 million Series A funding, bringing Upflex’s total funds raised to $34.1 million.
The round was led by WeWork, with participation from notable strategic investors Newmark and Cushman & Wakefield as well as returning investor Ecosystem Integrity Fund, and top venture funds including GPO Fund, Coelius Capital, Industry Ventures, Inertia Ventures, Perennial Private Investments, and Silicon Valley Bank.
The company plans to will utilize this capital infusion to further accelerate its core mission of creating a multi-faceted technology standard that connects occupiers, brokerage firms, and flex space partners with the solutions that the flex industry needs to meet the demand of the hybrid generation.
Company: Upflex, Inc.
Round: Series A
Funding Month: May 2022
Lead Investors: WeWork
Additional Investors: Newmark, Cushman & Wakefield, Ecosystem Integrity Fund, GPO Fund, Coelius Capital, Industry Ventures, Inertia Ventures, Perennial Private Investments, and Silicon Valley Bank
Company Website: https://upflex.com/
Software Category: Hybrid Workspace Solutions
About the Company: Founded in 2018, Upflex is a fast-growing, global proptech company offering a suite of SaaS solutions for the hybrid workplace. Upflex all-in-one SaaS solutions connect companies, brokerages, and space operators in one seamless, efficient ecosystem that makes distributed work simple, sustainable, and secure. Upflex currently enables on-demand access to more than 6,000 bookable locations spanning 80 countries, 900 cities, and growing. In addition to our exclusive partnership with WeWork, Upflex has more than 700 other flex operator partners. Upflex help make distributed work simpler, more seamless, more secure, and more sustainable for companies, brokerages and space operators.