Betting on a Return to Offices, HelloOffice Raises $20M Series A

Ben Bergman

Ben Bergman is the newsroom's senior finance reporter. Previously he was a senior business reporter and host at KPCC, a senior producer at Gimlet Media, a producer at NPR's Morning Edition, and produced two investigative documentaries for KCET. He has been a frequent on-air contributor to business coverage on NPR and Marketplace and has written for The New York Times and Columbia Journalism Review. Ben was a 2017-2018 Knight-Bagehot Fellow in Economic and Business Journalism at Columbia Business School. In his free time, he enjoys skiing, playing poker, and cheering on The Seattle Seahawks.

Betting on a Return to Offices, HelloOffice Raises $20M Series A

Predictions of a working lifetime spent on Zoom meetings in yoga pants and not commuting to the office may be premature, at least according to HelloOffice and its investors. Wednesday the company announced a $20 million Series A round of financing to fund the growth of the technology-powered commercial real estate brokerage.


Justin Bedecarre is the CEO of HelloOffice.

The company, which started in San Francisco in 2016 and expanded to Los Angeles last year, has raised a total of $27 million and now plans to expand to other markets. It's betting tech startups will still want to rent office space and that offices will need to be bigger, partly because workers will need to be more spread out and workplace will be more focused on gathering people together, rather than merely seating them behind desks.

"Offices are really going to be built around what they're meant to be built around, which is collaboration," said Justin Bedecarre, CEO of HelloOffice. "In the short term, square footage per person is going to go way up."

Point 72 Ventures led the investment round with participation from existing investors Initialized Capital, Founders Fund, SaaStr, House Fund, and Jake Gibson.

"We are focused on creating new product offerings to help companies find their optimal workplace solution and, in many cases, work with companies transitioning to hybrid workplaces," Bedecarre said.

Nearly half of employees would like to keep working from home and more than 45% say their employers are actively considering or at least open to that option, according to an April survey of more than 1200 workers by getAbstract, an online business library. But many jobs cannot be entirely done at home. A recent study by the University of Chicago found only a third of work could be remote, though many have been surprised at how productive remote workers have been during the pandemic.

"Everybody's getting used to the work at home," Apple CEO Tim Cook said in April. "In some areas of the company people may be even more productive, in some other areas they're not as productive. So it's mixed, depending upon what the roles are."

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Los Angeles’ Wage Growth Outpaced Inflation. Here’s What That Means for Tech Jobs

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

Los Angeles’ Wage Growth Outpaced Inflation. Here’s What That Means for Tech Jobs

Inflation hit cities with tech-heavy workforces hard last year. Tech workers fortunate enough to avoid layoffs still found themselves confronting rising costs with little change in their pay.

Those national trends certainly touched down in Los Angeles, but new data from the Bureau of Labor Statistics (BLS) show that the city of angels was the only major metro area that saw its wage growth grow by nearly 6% while also outpacing the consumer price index, which was around 5%. Basically, LA was the only area where adjusted pay actually came out on a net positive.

So, what does this mean for tech workers in LA County?

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Energy Shares Gears Up To Bring Equity Crowdfunding to Retail Investors

David Shultz

David Shultz reports on clean technology and electric vehicles, among other industries, for dot.LA. His writing has appeared in The Atlantic, Outside, Nautilus and many other publications.

Energy Shares Gears Up To Bring Equity Crowdfunding to Retail Investors
Photo by Red Zeppelin on Unsplash

The Inflation Reduction Act contains almost $400 billion in funding for clean energy initiatives. There’s $250 billion for energy projects. $23 billion for transportation and EVs. $46 billion for environment. $21 billion for agriculture, and so on. With so much cash flowing into the sector, the possibilities for investment and growth are gigantic.

These investment opportunities, however, have typically been inaccessible for everyday retail investors until much later in a company’s development–after an IPO, usually. Meaning that the best returns are likely to be captured by banks and other institutions who have the capital and financing to invest large sums of money earlier in the process.

That’s where Pasadena-based Energy Shares comes in. The company wants to help democratize access to these investment opportunities and simultaneously give early-stage utility-scale energy projects another revenue stream.

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How These Ukranian Entrepreneurs Relocated Their Startups to LA and Found Success

Aisha Counts
Aisha Counts is a business reporter covering the technology industry. She has written extensively about tech giants, emerging technologies, startups and venture capital. Before becoming a journalist she spent several years as a management consultant at Ernst & Young.
How These Ukranian Entrepreneurs Relocated Their Startups to LA and Found Success
Joey Mota

Fleeing war and chasing new opportunities, more than a dozen Ukrainian entrepreneurs have landed in Los Angeles, finding an unexpected community in the city of dreams. These entrepreneurs have started companies that are collectively worth more than $300 million, in industries ranging from electric vehicle charging stations to audience monetization platforms to social networks.

Dot.LA spent an evening with this group of Ukrainian citizens, learning what it was like to build startups in Ukraine, to cope with the unimaginable fear of fleeing war, and to garner the resilience to rebuild.

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