Total amount raised
$6.5 Millions
Latest funding date
November, 2015
Location
Peerspace has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a peer-to-peer marketplace for booking unique spaces for events, meetings, and productions.
Keep reading to explore the intricacies of Peerspace's fundraising journey and the investors backing this innovative platform.
What Is Peerspace?
Founded in February 2014, Peerspace is headquartered in San Francisco, California. The company was established by Matt Bendett and Rony Chammas. Peerspace operates with a team of 51-100 employees.
Peerspace offers a peer-to-peer marketplace for booking unique spaces for events, meetings, and productions. The platform allows users to search, message, and book various spaces, providing a seamless experience for both hosts and guests.
From professionally equipped studios to unconventional rooms and residences, Peerspace connects people with diverse spaces for their activities. The platform also offers host services, vendor services, and concierge services to enhance the user experience.
How Much Funding Has Peerspace Raised?
- Seed Round
- Amount Raised: $2M
- Date: September 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop the initial product.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: November 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional working capital for early-stage operations.
- Debt Financing
- Amount Raised: $800K
- Date: November 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and initial market expansion.
- Series A
- Amount Raised: $5M
- Date: November 2015
- Lead Investors: Foundation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance product features.
- Series A
- Amount Raised: Not publicly disclosed
- Date: June 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and scale operations.
- Series A
- Amount Raised: $11M
- Date: March 2017
- Lead Investors: Foundation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product development and strengthen market presence.
- Series B
- Amount Raised: $16M
- Date: July 2018
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: August 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for ongoing operations and growth.
Total Amount Raised: $34.8M. Current Valuation: Not publicly disclosed.
Key Investors
- Foundation Capital
- Details: Foundation Capital is a venture capital firm that invests in early-stage technology companies. They have a history of backing innovative startups that show potential for significant growth.
- Investment Focus Areas: Technology, Fintech, SaaS.
- Notable Investments: Netflix, LendingClub, Sunrun.
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. They provide seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Life Sciences, Artificial Intelligence, Robotics.
- Notable Investments: Uber, Slack, Medium.
- Carthona Capital
- Details: Carthona Capital is an investment firm that focuses on early-stage venture capital. They are known for their hands-on approach in helping startups grow.
- Investment Focus Areas: Technology, Healthcare, Consumer Goods.
- Notable Investments: Not publicly disclosed.
- Red Bridge Partners
- Details: Red Bridge Partners is a private equity firm that invests in a variety of sectors. They focus on providing strategic support to their portfolio companies.
- Investment Focus Areas: Private Equity, Real Estate, Technology.
- Notable Investments: Not publicly disclosed.
- Mitsui Fudosan
- Details: Mitsui Fudosan is a leading real estate developer based in Japan. They have a diverse portfolio that includes commercial, residential, and mixed-use properties.
- Investment Focus Areas: Real Estate, Urban Development, Retail.
- Notable Investments: Not publicly disclosed.
What's Next for Peerspace?
Peerspace is poised to capitalize on the growing demand for unique event spaces, with opportunities to expand into new cities and diversify its offerings. The platform's ability to attract major clients like LinkedIn and Google underscores its potential to capture a significant share of the corporate events market.
Future fundraising efforts will likely be driven by the need to support this expansion and enhance the platform's features. However, Peerspace may face challenges from established competitors in the real estate and hospitality sectors, as well as the need to continuously innovate its recommendation engine to stay ahead.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Peerspace and gather other critical business insights.
Sign up for free on Clay and start leveraging these powerful tools today.
