One of the country's fastest-growing office furniture and equipment companies is investing with a Dallas-based shared office firm. Varidesk is the lead investor in a new round of funding for Common Desk, the 7-year-old coworking firm with locations in North Texas and Austin. Common Desk and Varidesk have collaborated previously. And Varidesk is building a new Las Colinas office campus that includes flexible workspace. Common Desk said it will use the funding to expand into new markets and continue development of technology to support its coworking operations. "We're excited to use these funds to continue the development of our brands and to double down on the experience we are delivering within our spaces," Nick Clark, CEO of Common Desk, said in a statement. Common Desk, which started with a single location in Deep Ellum, now has shared office centers in downtown Dallas, Oak Cliff, Plano, Addison, Fort Worth and Austin. It plans to launch another investment fund this fall, Clark said. Varidesk is based in Coppell and was founded six years ago after developing popular height-adjusting standing workspaces. The company also sells a complete line of desk and workplace accessories. In February, Varidesk purchased the former Zale campus on State Highway 114 in Las Colinas, which it's renovating into a new office complex that includes shared office space. "We love the entrepreneurial spirit and growth coming from Common Desk," Jason McCann, co-founder and CEO of Varidesk, said in a statement. "There's a lot of synergy between our two companies as we both seek to create elevated workspaces — especially with their hospitality technology and space management capabilities."
Dallas-based Common Desk is raising funds to expand into new markets and develop technology for use in its co-working spaces. The company has raised $4.5 million from investors including the venture capital firm Andreessen Horowitz and a number of angel investors.