A space management platform for co-workers raises $1m funding

OfficeR&D, a co-working space management platform, has completed its $1m seed funding round.

The capital investment was led by LAUNCHub Ventures, with contributions from the founders of Telerik and Constant Tedder, the co-creator of Runescape.

The investment will be used to triple the size of the OfficeR&D team and advance OfficeR&D’s product development to keep pace in the co-working industry, while also adding new functionality for real estate and property management.

Miroslav Miroslavov, co-founder and CEO of OfficeR&D, said: “We firmly believe that workspace-as-a-service will become the way of working for most if not all small and mid-sized businesses.

“For flexible workspace operators this brings significant challenges, particularly as they scale up or expand to new locations. Members have come to expect seamless service, and flawless automation is increasingly imperative for a workspace success.”

He continued that the funding round should ensure the company addresses challenges in which its customers face, allowing better solutions in the market.

OfficeR&D is a flexible workspace management solution to help new and existing co-working and serviced offices maximise their revenue and use of space, improve customer online and mobile experience and bring clarity to their fast-growing businesses.

Its platform is used by more than 100 co-working spaces and serviced offices across 30 countries, and a combined 10,000 members use the OfficeR&D portal every single day.

OfficeR&D began life at Pi Labs, the London-based property tech venture capital firm, where it was a member of the first cohort of Pi Labs’ pre-seed programme. Pi Labs was also an early investor in the company.