Workspace Solution Company Convene Secures $152 Million
Convene secured $152 million in a Series D financing round led by ArrowMark Partners. New investors in Convene include a distinguished set of real estate, technology, and innovation leaders such as Declaration Capital, QuadReal Property Group, Revolution Growth, and RXR Realty. Returning investors include ArrowMark Partners, Brookfield, CVC2, The Durst Organization, and Elysium Management. This round of funding doubles the company’s previously announced Series C round, bringing its total equity funding to-date to $260 million.
Convene partners with some of the world’s most prominent property owners to deliver superior meeting and workplace experiences in Class A office buildings. Addressing the increased demand from enterprise companies for highly amenitized, flexible-term meeting and workspace solutions, the company plans to use this new round of funding to grow Convene’s footprint globally, expand its service offerings, and launch a new workplace technology platform.