About TechSpace
TechSpace is a company based in Orange (United States) founded in 1997 was acquired by Industrious in May 2019.. TechSpace has raised $15.53 million across 3 funding rounds from investors including Industrious, Safeguard Scientifics and Goldacre. The company has 39 employees as of December 31, 2022. TechSpace operates in a competitive market with competitors including WeWork, Industrious, Convene, Mindspace and Selina, among others.
- Headquarter Orange, United States
- Employees 39 as on 31 Dec, 2022
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Techspace, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.53 M (USD)
in 3 rounds
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Latest Funding Round
$7.23 M (USD), Series A
Jun 21, 2016
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Investors
Industrious
& 2 more
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Employee Count
39
as on Dec 31, 2022
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Acquired by
Industrious
(May 02, 2019)
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Funding Insights of TechSpace
TechSpace has successfully raised a total of $15.53M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7.23 million completed in June 2016. 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 3
- Last Round Series A — $7.2M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Series A - TechSpace | Valuation |
investors |
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| Sep, 2009 | Amount | Series A - TechSpace | Valuation |
investors |
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| Feb, 2000 | Amount | Private Equity Round - TechSpace | Valuation |
investors |
| 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 TechSpace
TechSpace has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Industrious, Safeguard Scientifics and Goldacre. 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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Venture capital firm investing in early and growth stage companies
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Founded Year | Domain | Location | |
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Goldacre is engaged in digital infrastructure and real estate technology investment.
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Founded Year | Domain | Location | |
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Flexible workspace solutions are provided for teams and individuals.
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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 TechSpace
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
Financial Statements - TechSpace
| 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 |
Techspace Comparisons
Competitors of TechSpace
TechSpace 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, Convene, Mindspace 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 with conference rooms and amenities are offered.
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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 |
Online platform for booking hostel accommodation and co-working spaces for travelers
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| domain | founded_year | HQ Location |
IWG is recognized as a global leader in hybrid working solutions.
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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 Techspace
Frequently Asked Questions about TechSpace
When was TechSpace founded?
TechSpace was founded in 1997 and raised its 1st funding round 3 years after it was founded.
Where is TechSpace located?
TechSpace is headquartered in Orange, United States. It is registered at Orange, California, United States.
Is TechSpace a funded company?
TechSpace is a funded company, having raised a total of $15.53M across 3 funding rounds to date.
How many employees does TechSpace have?
As of Dec 31, 2022, the latest employee count at TechSpace is 39.
What does TechSpace do?
TechSpace was founded in 1997 in Orange, United States, as a provider of shared co-working spaces within the real estate and technology sectors. Operations include on-site network operations centers, LAN and Wi-Fi networks, call center services, enterprise IP telephony, call-processing solutions, call forwarding, and voicemail. Locations are maintained in New York, San Francisco, Los Angeles, and Austin to support business needs.
Who are the top competitors of TechSpace?
TechSpace's top competitors include WeWork, Convene and Industrious.
Who are TechSpace's investors?
TechSpace has 3 investors. Key investors include Industrious, Safeguard Scientifics, and Goldacre.
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