Hybrid work platform Robin secures $30 million in funding
The company is now looking to increase its headcount.
Why You Should Care
Hybrid work has become the norm for many, but is it here to stay?
Uncover why those who invested in booking platform Robin believe in hybrid and where the company is going next.
For many, hybrid work has become the new norm. However, as businesses change their spaces to accommodate fewer people simultaneously, there is a need to book out desks and collaboration spaces.
Enabling employees to reserve spaces has made booking platform Robin a hot investment. In fact, the company has just raised $30 million in its Series C round of funding.
The round was led by Tola Capital with support from Firstmark, Accomplice, Boldstart, and Allegion Ventures. Robin has now raised a total of $59 million since its inception in 2014. The company’s valuation has not been disclosed.
Of course, this valuation hasn’t been achieved by simply being able to reserve seats. Instead, Robin tracks office use so it can inform managers about the amount of space needed. There is also a comparison tool that lets managers see how much space similar-sized companies use. The start-up claims it anonymizes the data.
Robin also boasts the ability to have guests check-in and fill out any paperwork before they get to an office.
The CEO of Robin, Micah Remley, told TechCrunch: “Robin combines your favorites, your team, and the people you meet with most to deliver intelligent recommendations on when to come to the office, and takes the pain out of planning by auto-suggesting desks and spaces near your colleagues.
“Office utilization analytics gives admins visibility on who is using the office, when they are using it, and which spaces are most commonly used. As companies’ headcount evolves over time, Robin helps customers understand how to optimize their space for the changing times.”
Next steps for Robin
The money invested in Robin will go towards growing its team of 190 people. The new hires will help the company expand internationally and develop the platform further.
Onlookers will see this as a wise investment as there is tough competition in the desk booking sector including the likes of Envoy and Officely.
Of course, another element to consider is the longevity of hybrid work now that many COVID-19 restrictions have been lifted. This is an area in which Remley has confidence maintaining that the company was launched prior to the pandemic with a belief that the world of work would change.
In addition, Remley said to TechCrunch: “As companies focus on getting leaner, hybrid work becomes even more attractive as a cost-saving measure. Many of our clients reduced their commercial real estate footprint over the past two years and we expect that to continue. We don’t foresee a broad return to the office in the way we used to think of work.”
Time will tell whether this prediction is correct and if Robin can spread its wings.
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Senior Journalist
Dan combines his first-hand experience alongside the latest news and opinions in the HR Technology space.
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