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.ย
This most recent round brings Upflexโs total funding to $34.1 million and will be put towards expanding its services to more flexible office operators.ย
โWe 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 todayโs employers and employees seek in the workplace,โ said Christophe Garnier, CEO of Upflex.ย
Upflex operates by helping flex space operators grow their online exposure, as well as provide clients with occupancy data and various other management tools.ย ย
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.ย
Cushman & Wakefield and Newmark also participated in the funding.ย
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.ย
