Here’s an exclusive look at the pitch deck that flexible workspace platform Upflex used to raise $30 million in a round led by WeWork
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.
- Upflex’s platform helps flexible space providers list available on-demand workspaces.
- The company raised a $30 million Series A and partners with brokerages like Cushman & Wakefield.
- Upflex is also exclusively partnering to list WeWork’s coworking spaces on its platform.
Upflex, a software-as-a-service startup that works with flexible space providers to book workspaces, raised $30 million in Series A funding led by WeWork.
Along with the funding, the company is also partnering exclusively with WeWork to bring its network of flexible workspaces to Upflex and allow WeWork members to access locations it currently doesn’t operate in.
Upflex’s platform lists over 6,000 spaces by working with flexible space and serviced office providers who have available inventory. Its technology is white-labeled, so that employers around the world can use Upflex to allow their employees to book workspaces and get data on employee behavior to make smarter real estate decisions. The spaces are furnished and made available to companies to lease for one to three years, less than the usual five to 10 years.
Its clients, mainly mid-to-large corporations, use the app to book desks, meeting rooms, or other work areas.
Upflex started in 2018 and CEO Christophe Garnier told Insider that the pandemic boosted the need for more flexible office work.
“People wanted flexibility even before the pandemic, so companies had to give the optionality for their employees,” Garnier said. “But the pandemic accelerated that in a very, very big way, maybe by three to five years.”
Other investors in Upflex’s Series A round include real estate brokerages Cushman & Wakefield and Newmark, and Silicon Valley Bank. The company has raised a total of $34.1 million so far and already counts Colliers International, along with investors Cushman & Wakefield and Newmark as partners.
Here’s an exclusive look at the pitch deck that Upflex used to convince investors like WeWork to join its Series A funding round: