Flexspace, the flexible workspace platform founded by former WeWork executives, has received $6 million in funding.
The investment will be used towards expanding its network of operators in the US, as well as fleshing out new products. Positioning the company for growth makes sense — Flexspace reported its bookings more than doubled during the first quarter of the year.
Coinciding with the recent investment, Flexspace also revealed that it is launching a new corporate product for companies recently shifting to hybrid and remote policies. Through the new solution, users can find, book, and manage on-demand flexible offices.
“The issue is bigger than how to return to the office or adopt a hybrid worklife, it’s akin to demand for an entirely rethought workplace experience,” said Eyal Lasker, cofounder and CEO of Flexspace. “Committing to expensive, multi-year leases on massive office space — a static experience — has been replaced by adopting technology that offers dynamic, on-demand access to a wider variety of spaces and locations.”
Lasker adds that current resources and infrastructures don’t go far enough to support this transition. To address this, Flexspace hopes to eliminate the limitations of long-term leases, while offering companies the flexibility of offices based on their unique needs.