About Spacious
Spacious is a Real Estate & Construction company based in New York (United States) founded in 2013 by Preston Pesek, and was acquired by WeWork in August 2019. Platform to book partnered co-working spaces. Spacious has raised $10.1 million across 2 funding rounds from investors including WeWork, Lerer Hippeau and August Capital. Its chief executive, as recorded, is Preston Pesek. Its focus areas include Real Estate and Construction Tech, Commercial Real Estate Tech, CoWorking and Managed. Its legal entity is Spacious Technologies, Inc. Its competitors include WeWork, Industrious and Convene; 3 of its 3 listed competitors have raised funding.
Company details
Spacious is a company that offers an online platform for users to browse and book co-working spaces and private spaces. The company forms a partnership with restaurants, lounges to offer off-peak hours unused spaces for co-working opportunity. Space seeker can access spaces by subscribing to one of the daily pass or monthly pass membership offered by the company. Daily pass membership starts from 29 and monthly pass starts from 95. The company has four managed location in New york city and are in plans to open new spaces in tier one cities in the United States.
Apps and channels of Spacious
its YouTube channel WeWork has 15.8K subscribers and 30 videos.
Videos from Spacious
The most watched videos on Spacious's YouTube channel, WeWork (15.8K subscribers). Click a video to play it here.
More on WeWork.
Funding Insights of Spacious
Spacious has successfully raised a total of $10.1M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $9.1 million completed in May 2018. 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 $10.1M
- Total Rounds 2
- Last Round Series A — $9.1M
- First Round $1M
(May 2016)
- Investors Count 5
All 2 funding rounds of Spacious with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2018 | $9.1M | Series A | – | August Capital, Redpoint Ventures | – |
| May 2016 | $1M | Seed | – | – |
6 investors in total: 6 institutional.
Investors in Spacious
Spacious has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include WeWork, Lerer Hippeau and August Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is invested personally in fewer enterprises, with support provided for building game-changing businesses. | augustcap.com | |||
Redpoint Ventures is engaged in venture capital investments. | redpoint.com | Woodside, United States | ||
USA focused VC firm investing in seed and early stage startups | 2010 | lererhippeau.com | New York, United States | |
Investing in early-stage tech companies and ideas. | boxgroup.com | |||
Early-stage investments are provided to transformative technology companies. | svangel.com | San Francisco, United States | ||
Flexible office and coworking spaces are provided by WeWork globally. | 2010 | wework.com | New York, United States |
Investor details for Spacious
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People of Spacious
425 people are tracked at Spacious (147 in leadership, 5 in board & advisors, 273 in team).
| Name | Role | Group |
|---|---|---|
Preston Pesek | Co-Founder & CEO | Leadership |
Crystal Guo | Head Of Business Development & Strategic Partnership, Greater China | Leadership |
Jack Ortlieb | Market Director, Broker Partnerships (west) | Leadership |
Adam Chromicz | Director Of Product | Leadership |
Katerina Pezati | Senior Director, Head Of Global Sales Strategy And Operations | Leadership |
Oliver Noonan | Leasing Director | Leadership |
You Zhou | Director Of Data Engineering | Leadership |
Kimberly K. | Area Director, Midwest | Leadership |
Kate Rhodes | Vice President, Global Head Of Litigation, Employment Law & Investigations | Leadership |
Haris Totakhail | Vice President, Head Of Leasing & Sales - West | Leadership |
Benjamin Wolfert | Senior Director, Head Of Americas Litigation | Leadership |
Whitney Anderson | Senior Director, RE Transaction Management | Leadership |
Melissa Brooks Visoky | Senior Director, Real Estate | Leadership |
Mary Fenwick-Smith | Head Of Account Operations | Leadership |
Rafael Pérez | Global Head Of Health And Safety | Leadership |
Ryan Connolly | Global Head, Digital Twin And Design Technology | Leadership |
Timothy Rigdon | Director, Legal - Global Privacy | Leadership |
Kate Hasbani | Head Of Legal - Pacific | Leadership |
Billy Lam | Director, Business Technology Operations | Leadership |
Patrick Sammon | Senior Leasing Director | Leadership |
405 more people are available in the full profile.
Complete people profiles for Spacious
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Spacious
4 dated milestones of Spacious across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Spacious is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series A, of $9.1M.
- Exit Acquired by WeWork.
Competitors of Spacious
Spacious has 3 listed competitors in our database, 3 of them funded. They include WeWork, Industrious and Convene.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wework.com | 2010 | New York, United States | $12.75B | 514 | Flexible office and coworking spaces are provided by WeWork globally. | |
| industriousoffice.com | 2013 | New York, United States | $334.15M | Flexible workspace solutions are provided for teams and individuals. | ||
| convene.com | 2009 | New York, United States | $265.5M | 188 | Managed co-working spaces with conference rooms and amenities are offered. |
Detailed competitors of Spacious
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Top companies in Real Estate Technology Platforms
3 companies that operate in the same segment as Spacious (Real Estate Technology Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Residential properties are listed and searched through an app-based platform. | 2005 | Seattle, Washington, United States | USD 87 M | |||
Residential properties are resold via an app-based platform. | 2014 | San Francisco, California, United States | USD 1.35 B | USD 2.71 M | 1,426 | |
Residential real estate search engine | 2005 | San Francisco, California, United States | USD 32.8 M |
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Related news about Spacious
Complete news archive for Spacious
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Frequently Asked Questions about Spacious
Spacious was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Spacious is headquartered in New York, United States. It is registered at New York, New York, United States.
Preston Pesek is the CEO of Spacious, as recorded in our data. They have also founded this company.
Spacious is a funded company, having raised a total of $10.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on May 2016.
Spacious is a company that offers an online platform for users to browse and book co-working spaces and private spaces. The company forms a partnership with restaurants, lounges to offer off-peak hours unused spaces for co-working opportunity. Space seeker can access spaces by subscribing to one of the daily pass or monthly pass membership offered by the company. Daily pass membership starts from 29 and monthly pass starts from 95. The company has four managed location in New york city and are in plans to open new spaces in tier one cities in the United States.
Spacious's top competitors include WeWork, Convene and Industrious.
Spacious has 6 investors. Key investors include WeWork, Lerer Hippeau, August Capital, Redpoint Ventures, and BoxGroup.
Spacious operates through Spacious Technologies, Inc.
Yes. Spacious was acquired by WeWork in August 2019.