Convene
Financials
Estimates*
USD | 2017 |
---|---|
Revenues | 55.5m |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$10.0m | Series A | ||
$15.5m | Series B | ||
N/A | $15.0m | Debt | |
$68.0m | Series C | ||
$152m | Series D | ||
Total Funding | €223m |
Related Content
Recent News about Convene
EditConvene operates in the flexible workspace and event venue market, providing premium office spaces, meeting rooms, and event venues. The company primarily serves corporate clients, including businesses looking for headquarters, overflow office space, or venues for corporate events. Convene's business model revolves around partnering with landlords to design, build, and manage Class A office spaces, which are the highest quality buildings in terms of location, construction, and amenities. This partnership model allows Convene to offer high-end, flexible workspaces without owning the properties themselves, thereby reducing capital expenditure and operational risks.
Convene generates revenue through leasing flexible office spaces, renting out meeting rooms and event venues, and offering additional services such as catering and technology support. The company differentiates itself by focusing on premium design elements, including carefully selected furniture, art, and seasonal menus, to create an exceptional office experience. Convene has raised significant capital to fuel its expansion, indicating strong investor confidence in its business model and growth prospects.
Keywords: flexible workspaces, premium design, landlord partnerships, Class A offices, corporate clients, meeting rooms, event venues, catering services, technology support, capital expansion.