OfficeRnD secures £7.26 million Series A investment led by Runa Capital

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OfficeRnD Raises $10M to Help Businesses Transition to Hybrid Workplaces

London, UK – OfficeRnD, a flex space and hybrid work management platform, raised $10M in a Series A funding round led by Runa Capital with the participation of Flashpoint Venture Capital and LAUNCHub Ventures. The company will focus on marketing programs to support a growing range of products, expanding market share and growing partnerships.

Microsoft’s 2021 Work Trend Index report found that 73% of employees expressed a desire for flexible work options post-pandemic while 66% of businesses were considering redesigning physical spaces to better accommodate hybrid work environments. Companies like Google, Twitter, and Adobe are publicly committed to a flexible workplace model. A CNBC survey of top executives in human resources, finance and technology indicated that 45% of companies will use a hybrid work model in the second half of 2021. 

Providing a flexible and hybrid work experience is a new challenge for most landlords and office managers. OfficeRnD helps over 1000 customers manage more than 2000 flex spaces and deliver a “work from anywhere” experience to tens of thousands of tenants and more than 300 000 employees. OfficeRnD’s solutions cover all the critical aspects of managing a flexible work environment (coworking, flex space, or corporate hybrid) including resource scheduling, employee/member engagement, and financial management through both web and mobile applications.

“Technology has been on a steady path of enabling flexible work for over a decade and COVID has only served to accelerate the process.  OfficeRnD has been a thought leader in defining and enabling flexible work models that help companies maximize the yield of their  real estate while driving up people’s engagement”, says Miroslav Miroslavov, Co-founder and CEO at OfficeRnD. “Our platform allows landlords, flex workspace operators, and companies to engage people and manage their workplace on a flexible-first principle”.

“OfficeRnD has become extremely relevant for the industry that is largely shifting to a hybrid work model having tested it during the pandemic”, says Dmitry Chikhachev, General Partner at Runa Capital. “A lot of companies we know have grown yet kept the same lease on their office and now realize they want to use it differently and provide more opportunities to their employees”.

About OfficeRnD

OfficeRnD is the ultimate management platform that enables landlords, operators and companies to manage flexible and hybrid workplaces. More than 1000 customers worldwide already use it to streamline operations, drive financial performance and deliver amazing experiences to their tenants and employees. The platform integrates with key workspace and business systems to provide easy implementation of the product and seamless fully-connected user-experience. For more information please visit https://www.officernd.com/

About Runa Capital

Founded in 2010, Runa Capital is an international venture capital firm headquartered in Palo Alto, California that invests in deep tech (i.e., AI, machine learning, middleware, open-source), B2B SaaS, fintech, edtech, and digital health start-ups. From 2010 to 2019, Runa Capital launched three early-stage funds totaling $427 million and invested in more than 80 companies in Europe and North America, including Nginx (acquired by F5 Networks for $700 million), MariaDB, Zopa, Brainly, DrChrono, Smava, and Mambu. The firm’s founding partners have built several global software companies, including Acronis (recenrly raised $250M at $2.5B valuation), Parallels (acquired by Corel), Odin (acquired by Ingram Micro), and Acumatica (acquired by private equity fund EQT Partners). For more information please visit https://runacap.com/ 

About Flashpoint

Flashpoint is an international investment group with US$400m AuM. Flashpoint manages six venture funds: four VC funds, a Venture Debt Fund and a Secondary Fund. Investors in Flashpoint’s funds include more than 100 major family offices and HNWIs. The company has offices in London, Tel-Aviv, London, Budapest, Warsaw, Riga and Moscow. The funds have made investments in 37 companies including names such as Guesty, Chili Piper, IVI and Dostavista. Flashpoint has completed nine exits, including the sale of its stakes in Shazam (to Apple), Chess.com (to Mark Scheinberg, founder of PokerStars), Ponominalu (to MTS), Netology (to Severgroup), GetIntent (to Gazprom Media).
www.flashpointvc.com

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Safiya Marzook

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