New York-based Managed by Q, the subscription-based on-demand office service company has raised a fresh $25 million investment in Series C financing. The round was led by existing backers that include RRE and Google Ventures. DivCo West, Oxford Properties, two new investors along with few others also put their best in the company. Started in 2013, the company now has raised close to $100 million in funding as per Crunchbase. FJ Labs, Novel TMT Ventures, Blisce/, Oxford Properties Group are the other investors in the company.
The services of the company range from cleaning and maintenance to supply replenishment and wellness to offering IT support. The services save valuable time of the businesses and help them run it seamlessly. It has launched a marketplace where the businesses can choose vendors as per their need on their own. Speaking about their 2019 plans, co-founder and CEO Dan Teran said, “We want to spend 2019 putting even greater focus on the tools used by our vendors and workplace management teams, like task management tools.
Giving an example of how InVision and Github are important for designers and engineers respectively, the Managed by Q wants to become that important for the workplace team. The firm has a presence across New York, Los Angeles, Chicago, and San Francisco.
In last two years, the Managed by Q made two acquisition in order to make their aim a reality when it bought NVS, a firm that was helping companies move from one place to another and another office management firm Hivy in 2017.
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