CommonGrounds has raised two million sq ft in one of the largest series A funding rounds in the sector. The Dubai -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. CommonGrounds plans to build out a portfolio of $100m of flexible office space over early 2012 .
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. CommonGround plans to build out a portfolio of two million sq ft of flexible office space over the next two years.