About Convene
Convene is a company based in New York (United States) founded in 2009 by Azhar Quader was acquired by Hudson's Bay in April 2022.. Convene has raised $265.5 million across 6 funding rounds from investors including United States Department of Agriculture, RXR and The Durst Organization. The company has 188 employees as of December 31, 2020. Convene has completed 2 acquisitions, including Bong88 and Etc Venues. Convene operates in a competitive market with competitors including WeWork, Industrious, Mindspace, Bruntwood and Selina, among others.
- Headquarter New York, United States
- Employees 188 as on 31 Dec, 2020
- Founders Azhar Quader
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Sectors
Real Estate & ConstructionTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sentry Centers Holdings Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$265.5 M (USD)
in 6 rounds
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Latest Funding Round
$394.55 K (USD), Grant
Sep 30, 2022
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Investors
United States Department of Agriculture
& 13 more
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Employee Count
188
as on Dec 31, 2020
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Investments & Acquisitions
Bong88
& 1 more
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Acquired by
Hudson's Bay
(Apr 12, 2022)
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Funding Insights of Convene
Convene has successfully raised a total of $265.5M across 6 strategic funding rounds. The most recent funding activity was a Grant round of $394.55 thousand completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Grant — $394,549
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First Round
First Round
(09 Jul 2013)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Grant - Convene | Valuation |
investors |
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| Jul, 2018 | Amount | Series D - Convene | Valuation | ArrowMark Partners | |
| May, 2017 | Amount | Series C - Convene | Valuation | The Durst Organization , Elysium Capital Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Convene
Convene has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include United States Department of Agriculture, RXR and The Durst Organization. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Revolution is recognized as a D.C.-based investment firm.
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Founded Year | Domain | Location | |
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Focus is placed on real estate and renewable energy investments.
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Founded Year | Domain | Location | |
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Develops & builds residential & commercial buildings backed by the Durse Family
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Convene
Convene has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Bong88 and Etc Venues. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Office workplace solutions are provided by Beco in Boston.
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2015 | ||||
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Meeting and Hybrid Event Specialists in UK and US | etc.venues
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1992 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Convene
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Convene Comparisons
Competitors of Convene
Convene operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WeWork, Industrious, Mindspace, Bruntwood and Selina, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Flexible office and coworking spaces are provided by WeWork globally.
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| domain | founded_year | HQ Location |
Flexible workspace solutions are provided for teams and individuals.
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| domain | founded_year | HQ Location |
Managed co-working spaces are provided for users and landlords.
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| domain | founded_year | HQ Location |
Real estate development and management are conducted for commercial properties.
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| domain | founded_year | HQ Location |
Online platform for booking hostel accommodation and co-working spaces for travelers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Convene
Frequently Asked Questions about Convene
When was Convene founded?
Convene was founded in 2009 and raised its 1st funding round 4 years after it was founded.
Where is Convene located?
Convene is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Convene a funded company?
Convene is a funded company, having raised a total of $265.5M across 6 funding rounds to date. The company's 1st funding round was a Series C of $68M, raised on Jul 09, 2013.
How many employees does Convene have?
As of Dec 31, 2020, the latest employee count at Convene is 188.
What does Convene do?
Convene was founded in 2009 in New York, United States, as a provider in the co-working sector. Operations focus on managed spaces for offices, meetings, and events, with amenities including WiFi, refreshments, and catering services. Conference rooms and training facilities are available to clients such as IBM, BOMBAS, and BVN, supporting professional activities across various needs.
Who are the top competitors of Convene?
Convene's top competitors include WeWork, Industrious and Bruntwood.
How many acquisitions has Convene made?
Convene has made 2 acquisitions, including Bong88, and Etc Venues.
Who are Convene's investors?
Convene has 14 investors. Key investors include United States Department of Agriculture, RXR, The Durst Organization, Brookfield Asset Management, and QuadReal.
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