There is an ongoing adoption and demand of flexible workspaces in the post-pandemic era and the number of players in the industry is on the rise, and many startups in this space such as deskbird, BeerOrCoffee, and Jarvo received funding. Now UK-based Valve, a global industry system for flexible workspaces, has grabbed $4.5 million in seed funding. The investment round was led by Project A alongside participation from Discovery Ventures.
Valve will use the funds to expand its presence across North America and EMEA. The startup taps into the flexible workspace rental market, which is the fastest-growing segment of commercial real estate, valued at $30 billion. This market is expected to hit $300 billion by 2030.
“Valve makes it easy for companies building flexible workspace businesses – whether you are a landlord, operator, brokerage, application or tech entrepreneur,” said Nick Roveta, CEO at Valve. “Valve’s unified system meets a logical need for all industry players in the flexible workspace ecosystem to have one place to streamline how they partner and grow revenues together.”
“Valve is building the infrastructure layer of the fast-growing flex workspace market, and it’s a perfect time to capitalize,” said Anton Waitz, General Partner at Project A. “The team combines the right mindset, speed and passion for executing Valve’s mission and building a company that will help the entire industry thrive.”
“Valve’s data and technology solution enable JLL to attract more occupiers to our market-leading services, access co-working and flexible inventory, and efficiently process flexible workspace,” said Tom Pilkington, Head of Online Markets UK, JLL.
Powers flexible workspace sales
Valve was founded in 2019 by Nick Roveta and has offices in London and New York. It provides industry-leading sales, marketing, and distribution solutions for landlords, operators, and brokerages transacting in the flexible workspace market. Valve aims to fill the gap in this highly fragmented market to enable both parties to transact more efficiently.
With Valve’s technology, landlords and operators on the supply side can power up their sales teams with best-in-class sales tooling, distribute content and receive bookings from traditional brokerages, listing sites, and on-demand apps via a centralised inventory and distribution management platform.
Valve lets brokers, booking platforms and portals gain access to market intelligence, real-time flexible workspace inventory, and an end-to-end booking API to integrate with their proprietary products and solutions. The company operates over 10,000 buildings in over 250 cities for over 170 customers worldwide.