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."

https://twitter.com/thebenbergman
ben@dot.la

Subscribe to our newsletter to catch every headline.

Cadence

How The Sprinkles’ Co-Founder Found Product-Market Fit For Cupcakes

Yasmin Nouri

Yasmin is the host of the "Behind Her Empire" podcast, focused on highlighting self-made women leaders and entrepreneurs and how they tackle their career, money, family and life.

Each episode covers their unique hero's journey and what it really takes to build an empire with key lessons learned along the way. The goal of the series is to empower you to see what's possible & inspire you to create financial freedom in your own life.

​Sprinkles' Founder Candace Nelson
image courtesy of Candace Nelson

With multiple TLC shows devoted to them, and high-end bakeries popping up all over the country, it’s hard to imagine there was ever a time when cupcake brands weren’t a thing.

But when Candace Nelson introduced Sprinkles Cupcakes in 2005, the market looked a lot different. On this episode of the “Behind Her Empire” podcast, the Sprinkles co-founder shares her journey to revolutionize the baking industry.

Read moreShow less

Spanish-Speaking Latinos Are Less Likely to Access Health Care. This Startup Aims to Change That

Amrita Khalid
Amrita Khalid is a tech journalist based in Los Angeles, and has written for Quartz, The Daily Dot, Engadget, Inc. Magazine and number of other publications. She got her start in Washington, D.C., covering Congress for CQ-Roll Call. You can send tips or pitches to amrita@dot.la or reach out to her on Twitter at @askhalid.
Spanish-Speaking Latinos Are Less Likely to Access Health Care. This Startup Aims to Change That
Photo by CDC on Unsplash

Just 6% of doctors and surgeons in In L.A. County identifies as Hispanic. Considering the county has the largest Latino community in the U.S., comprising roughly 49% of the population, the shortage of Spanish-speaking physicians has long been an issue. Akenta Health — a mobile health care platform geared toward Latinos that set up shop in Los Angeles this year — is hoping to change that.

“Language can help with empathy,” said founder and CEO Marco Paschina. “But if you go see a doctor that doesn’t speak your language, it’s very hard to create that empathy.”

Read moreShow less

I Tried the Latest VR Meeting Platform. Here’s Why Mass Adoption May Still Be a Long Shot

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.

I Tried the Latest VR Meeting Platform. Here’s Why Mass Adoption May Still Be a Long Shot
Photo: Mesmerise

I’m standing in the center of my home office, feeling the full weight of the Oculus Quest 2 headset slouching on my forehead as I prepare for my first-ever virtual reality meeting.

Read moreShow less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending