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Home News Coworking

WeWork Leads Series A Funding Round For Upflex

This most recent round brings Upflex’s total funding to $34.1 million and will be put towards expanding its services to more flexible office operators.

Aayat AlibyAayat Ali
May 26, 2022
in Coworking
Reading Time: 2 mins read
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WeWork Leads Series A Funding Round For Upflex
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Upflex has received $30 million in a new Series A funding round led by coworking firm WeWork, who partnered with the platform earlier this year. 

This most recent round brings Upflex’s total funding to $34.1 million and will be put towards expanding its services to more flexible office operators. 

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“We plan to leverage the funds to expand our market leading technology and team as we continue to cement ourselves as the backbone of the flex industry, setting the standard for what today’s employers and employees seek in the workplace,” said Christophe Garnier, CEO of Upflex. 

Upflex operates by helping flex space operators grow their online exposure, as well as provide clients with occupancy data and various other management tools.  

In February, WeWork and Upflex announced an exclusive partnership that would allow the latter to aggregate WeWork spaces and connect them to potential occupiers and brokers. 

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Cushman & Wakefield and Newmark also participated in the funding. 

The proptech industry has gained traction in recent years, but the industry has not been immune to layoffs and slashed valuations as an economic slowdown looms. 

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Source: Bisnow
Tags: BusinessCoworkingInvestment
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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