Essensys, a global provider of software and technology to the flexible workspace industry, has raised $46 million in proceeds through a primary share placing. The oversubscribed fundraise positions the firm to continue its global expansion through an accelerated go-to-market strategy and product development, among other goals.
Funds raised will be used to target a significant land grab opportunity; increase market share; accelerate expansion within the existing customer base and through developing key, high value, strategic accounts to build a pipeline which underpins significant future runway and accelerate Essensys’ product development program.
“The industry is now looking to create global real estate platforms in response to the rapidly evolving needs of occupiers,” said Mark Furness, founder and CEO. “This fundraise will further support our ambitious international expansion plans and accelerate our product development roadmap to ensure that we remain at the forefront of the industry’s drive to deliver the next-generation of digitally enabled in-building experiences.
Essensys’ integrated Flex Services Platform is designed to enable enterprise multi-site operators and leading CRE players to meet the requirements of today’s occupiers.
“The market’s reaction signifies the continued confidence, from both existing and new investors, in our ability to expand globally,” said Jeremy Bernard, CEO, North America, Essensys. “This fundraise will accelerate our investment in commercially disruptive solutions that will enable landlords to activate their portfolios with flexibility at scale.”
