Investment to accelerate nationwide expansion and a better workplace experience
NEW YORK--(BUSINESS WIRE)-- Convene, the “workplace-as-a-service” platform that operates a network of on-demand meeting and event venues, announced they have reached an agreement to raise $68M in a Series C funding. The new round brings the company’s total funding to-date to $119.2M.
The Series C funding is led by Convene's existing investors – ArrowMark Partners, Brookfield Property Partners, and Conversion Venture Capital – and includes new investments from prominent investors including The Durst Organization and Elysium Management. Baird served as the exclusive financial advisor to Convene.
Since the company’s Series B round in 2016, Convene has more than doubled their commercial footprint and also celebrated the opening of full-service amenity floors within two of New York City’s iconic office buildings – One World Trade Center and Park Avenue Tower.
The new round of funding will be used to accelerate the development of Convene’s three business lines:Read Complete Article