PivotDesk, LLC

PivotDesk, LLC is a platform that connects businesses with flexible office space solutions. It facilitates the use of shared office spaces to enhance workplace efficiency and collaboration among professionals. Founded in 2012 in Boulder, US, PivotDesk, LLC specializes in providing shared office space solutions for businesses. In March 2017, the company was acquired by Industrious Office, a portfolio company of MapleWood Equity Partners, Outlook Ventures, and Riverwood Capital.

The company has secured a total funding of USD 3. 63 mn through a Series A round led by Foundry Group, involving additional investors such as Draper Associates and Techstars. PivotDesk offers a comprehensive online platform that connects companies seeking flexible office space with those offering shared work environments. The service allows businesses to efficiently find and utilize office spaces that suit their operational needs, thereby enhancing workspace flexibility and collaboration.

The revenue model of PivotDesk is based on the fees charged for connecting businesses with office space solutions. Each transaction between businesses seeking space and those providing it contributes to the company's revenue stream. Specific pricing plans for the services are not detailed, but the company likely implements a competitive pricing strategy to attract various clients. PivotDesk plans to enhance its service offerings by introducing new products designed to improve the user experience in locating and utilizing office spaces.

The company is also targeting expansion into new geographic markets, including urban centers across the US, by the end of 2023. The recent funding from the Series A round will be utilized to support these growth initiatives and enhance the platform's technological capabilities, ensuring a better match between clients and available office spaces.