Convene, a NYC-based platform that operates a network of on-demand meeting and event venues, is to raise $68M in Series C funding.
The round, which brought total funding to date to $119.2m, included existing investors ArrowMark Partners, Brookfield Property Partners, and Conversion Venture Capital and new investments The Durst Organization and Elysium Management.
The new round of funding will be used to accelerate the development of Convene’s three business lines:
– Convene Retail – a branded network of on-demand meeting, conference, and event venues that serve enterprise clients,
– Convene Services – which partners with landlords to run office buildings more like full-service, lifestyle hotels, and
– A proprietary, cloud-based, smart-building app for building employees, connecting tenants to the building’s infrastructure, on-demand hospitality services, and community programming.
Founded in 2009 by Ryan Simonetti, CEO and Co-Founder, Convene is a workplace-as-a-service platform that operates a network of on-demand meeting, event, conference, and workspace venues. The company also partners with commercial landlords to deliver premiere amenities and services for building tenants and their employees.