Lane, a Toronto, Canada-based workplace experience platform, raised $10m in Series A funding.
The round was led by Round13 Capital, with participation from previous investors Alate Partners and Panache Ventures. Concurrent with the funding round, Bruce Croxon, Managing Partner at Round13 Capital, will be joining the Lane board of directors.
The company intends to use the funds to accelerate its global expansion, double its 40-person team by the end of 2020, and continue to develop the platform to improve the user experience.
Founded in 2014 and led by Clinton Robinson, CEO, Lane provides a SaaS based enterprise solution that integrates building systems into a single, centralized, digital platform. It streamlines all aspects of day-to-day office life for tenants and property managers alike, from room bookings and guest registration to access control and communications to engaging with a building’s retailers and beyond.
Leveraging its proven experience in the Canadian commercial real estate market, the company has expanded into the U.S.. Over the past six months, Lane has launched its platform throughout Brookfield Properties’ commercial portfolio in the U.S. and is now deepening that partnership through an international rollout. Its expansion into premier real estate across major cities is also being supported through a partnership with Convene, a provider of premium flexible-term office spaces and coworking locations. As part of its global growth, Lane is currently launching with new clients in Brazil, Germany, United Kingdom, Australia, and United Arab Emirates.
With clients such as Colliers, Hullmark, Dream, Atlas, and Kipling, Lane currently powers over 150 buildings across 15 major North American cities, including New York, Los Angeles, Houston, Dallas, San Francisco, Denver, Washington (DC), Toronto, Vancouver, Calgary, and Montreal. To date, it has signed up 300 million square feet of commercial real estate globally.