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SquareFoot raises Series B

SquareFoot’s CEO and Co-founder Jonathan Wasserstrum (Credit: SquareFoot)

SquareFoot has raised a $16 million Series B round led by DRW VC. This brings the company’s total funding haul to more than $29 million. Existing investors Triangle Peak Partners, RRE, and Rosecliff also participated in the round.

  • What they do: The office leasing tech startup simplifies the process of finding space. Although the company embraces transformative technology, they wisely recognize the role of relationships in closing deals. Prominent clients include Casper, Breather, and Instacart.
  • How it works: Agents work alongside the platform to optimize the experience of finding space. Clients can browse listings, exchange documents, and contact the agents directly on the website.
  • Worth Noting: Earlier this year, the company acquired PivotDesk, an office-sharing marketplace that pairs hosts with guests for unused office space. More recently, in June, CEO and Co-Founder Jonathan Wasserstrum introduced FLEX, a solution for companies seeking flexibility on lease terms.

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