SquareFoot, a marketplace and brokerage for mid-sized office space, said on Wednesday that it raised $16 million in a Series B round led by DRW Venture Capital.
SquareFoot has had a busy 2019, beginning with the February acquisition of flexible-space marketplace PivotDesk from Industrious. In June, it announced its own FLEX product, which offers shorter lengths than traditional leases.
SquareFoot had previously raised a little more than $13 million. New funder DRW Venture Capital is the venture side of Chicago-based trading firm DRW, and has historically invested mostly in fintech.
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SquareFoot, a marketplace and brokerage for mid-sized office space, said on Wednesday that it has nabbed $16 million in a Series B round led by DRW Venture Capital, the venture arm of Chicago trading firm DRW.
DRW Venture Capital, created in 2016, has historically invested mostly in fintech and enterprise tech. DRW meanwhile has invested in real estate since 2009, eventually creating its own real estate investment arm known as Convexity Properties.
Every investment made by DRW’s venture arm hasn’t necessary been in startups offering products or services that DRW can use itself, but they have tended to focus on areas of the market …read more
Source:: Businessinsider – Finance