The UK-based, flexible workspace industry solution provider Valve, has secured $4.5 million in startup funding. Project A coordinated the financing round, with support from Discovery Ventures.
The funds will be used by Valve to increase its presence in North America and Europe. The company capitalizes on the $30 billion flexible workspace rental industry, which is the fastest-growing sector of commercial real estate. By 2030, this market is anticipated to reach $300 billion.
Whether you are a landlord, operator, brokerage, application developer, or tech entrepreneur, Valve makes it simple for businesses developing flexible workspace enterprises, according to Nick Roveta, CEO of Valve.
“Valve’s unified solution fulfills a natural demand for all business participants in the flexible workplace ecosystem to have one location to expedite how they collaborate and increase revenues together,” Nick added.
According to Anton Waitz, General Partner at Project A, “Valve is constructing the infrastructural layer of the rapidly expanding flex workspace sector, and it’s a fantastic time to capitalize.” The team has the proper attitude, speed, and desire to carry out Valve’s purpose and create a business that will support the growth of the entire sector.
“Valve’s data and technology solution enable JLL to attract additional occupiers to our market-leading services, access coworking, and flexible inventory, and quickly handle flexible workspace,” said Tom Pilkington, Head of Online Markets UK at JLL.
Nick Roveta created the valve in 2019 and it had offices in both London and New York. For landlords, operators, and brokerages doing business in the flexible workspace market, it offers sector-leading sales, marketing, and distribution solutions.
To help both parties conduct business more effectively, Valve intends to close the gap in this incredibly fragmented sector.
Landlords and operators on the supply side can use Valve’s technology to distribute content, power their sales teams with best-in-class sales tooling, and accept reservations from conventional brokerages, listing websites, and on-demand apps via a centralized inventory and distribution management platform.
To interact with their proprietary products and solutions, Valve enables brokers, booking platforms, and portals to access market intelligence, real-time flexible workspace inventory, and an end-to-end booking API.
The business manages more than 10,000 properties in more than 250 cities for over 170 clients globally.
Image Credit: Valve