Boosting future of flexible workspaces, London’s Valve houses in $4.5 million

▤ Summary

Operators struggle to lease space efficiently, and brokerages lack streamlined digital access to inventory, data and content.Aiming to fill the gap in this highly fragmented market to enable both parties to transact more efficiently, London-based flexible workspace rental market platform Valve has raised $4.5 million in seed funding. The new cash will increase the platforms reach in North America and EMEA, accelerating the $4.2 billion of flexible workspace contract value processed by Valves interconnected partners. The round was led by Project A with participation from Discovery Ventures.The UK-based startup offers turnkey sales, marketing and distribution solutions for commercial real estate professionals, online booking platforms and flexible workspace operators to transact across a global network of workspaces seamlessly.Through Valves technology, landlords and operators on the supply side can power up their sales teams with sales tooling, distribute content, and receive bookings from traditional brokerages, listing sites, and on-demand apps via a centralised inventory and distribution management platform. On the demand side, brokers, booking platforms and portals gain access to market intelligence, real-time flexible workspace inventory, and an end-to-end booking API to integrate with their proprietary products and solutions.Nick Roveta, CEO at Valve said: Valve makes it easy for companies building flexible workspace businesses - whether you are a landlord, operator, brokerage, application or tech entrepreneur. Its unified system meets a logical need for all industry players in the flexible workspace ecosystem to have one place to streamline how they partner and grow revenues together.Valve already operates over 10,000 buildings in over 250 cities for 170 customers.Anton Waitz, general partner at Project A added: Valve is building the infrastructure layer of the fast-growing flex workspace market, and its a perfect time to capitalize.

▦ Linked Companies

Valve Corporation

$50M to $100M