Business
Real estate broker HelloOffice expands to Los Angeles after closing on $6.5 million
HelloOffice, a new real estate brokerage business out of San Francisco, has nabbed $6.5 million in new financing and is absconding down to Los Angeles to open its first regional office.
The company provides software to expedite the often painful (especially in San Francisco) task of finding office space (not the Mike Judge movie, which is available to stream on Google, Amazon, iTunes and other services for $3.99).
So far, HelloOffice has worked with companies like Y Combinator, Knotel, Brex, Palantir and Patreon to help them get the space they need.
Now, chief executive officer Justin Bedecarre says the company is ready to tackle the Los Angeles market.
“We believe LA is at an inflection point, with the biggest technology and entertainment companies in the world choosing to make LA a key hub or headquarters,” says Bedecarre. “At the same time there is a startup renaissance occurring here, building the foundation for decades of growth and opportunity.”
Fueling the company’s growth is the $6.5 million the company has raised from a slew of top-tier venture funds. Investors in the company include Initialized Capital, Founders Fund, Founder Collective, Peak State Ventures, SV Angel, Liquid 2 Ventures, SaaStr and The House Fund.
The investment is another example of investors looking to niche verticals within the broad business-to-business software category that can benefit from lightweight, flexible software offerings tailored to the specific needs of industries.
There are a lot of very large businesses that can benefit from the efficiencies software provides.
“We raised money in order to invest in our team and platform as well as to scale to new markets beyond San Francisco,” says Bedecarre. “However, we have been growing so quickly while remaining profitable, we haven’t touched any of the money we raised.”
-
Entertainment7 days ago
NASA discovered bacteria that wouldn’t die. Now it’s boosting sunscreen.
-
Business6 days ago
Tesla drops prices, Meta confirms Llama 3 release, and Apple allows emulators in the App Store
-
Business5 days ago
TechCrunch Mobility: Cruise robotaxis return and Ford’s BlueCruise comes under scrutiny
-
Entertainment6 days ago
‘The Sympathizer’ review: Park Chan-wook’s Vietnam War spy thriller is TV magic
-
Business4 days ago
Tesla layoffs hit high performers, some departments slashed, sources say
-
Business5 days ago
Meta to close Threads in Turkey to comply with injunction prohibiting data-sharing with Instagram
-
Entertainment4 days ago
ChatGPT vs. Gemini: Which AI chatbot won our 5-round match?
-
Entertainment5 days ago
Lenovo LOQ 15 (2024) review: A cheap gaming laptop, but can it run AAA games?