CommonGrounds has raised $100m in one of the largest series A funding rounds in the sector. The San Diego-based start-up has an exclusive contract with Tecno Spa, which has created a system of moveable office walls dubbed the holy grail in office construction. NEW YORK (Reuters) - CommonGrounds, a California start-up trying to carve out a niche in the crowded flexible workspace sector with movable office walls, has raised $100 million from three investors, including the Emirati developer of Dubai The technology gives workspace operators a cost effective, flexibility solution that allows them to offer short-term leases. In addition to its work on the Holy Grail project, CommonGrounds’ team is also working on other projects including a new building for the University of California, Los Angeles, and a project at Stanford University.
CommonGrounds has raised $100m in one of the largest series A funding rounds in the sector. The San Diego-based start-up has an exclusive contract with Tecno Spa, which has created a system of moveable office walls dubbed the holy grail in office construction. The technology gives workspace operators a cost effective, flexibility solution that allows them to offer short-term leases. In addition to its work on the Holy Grail project, CommonGrounds’ team is also working on other projects including a new building for the University of California, Los Angeles, and a project at Stanford University.