# Convene

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/convene

- Industry: Consumer Services
- Headquarters: New York, US
- Website: www.convene.com
- Total disclosed funding: $266M
- Latest round: Series D (Jul 10, 2018)
- Investors on record: 17

## About

Based in the US, Convene provides a comprehensive network of hospitality-driven services that enhance the way clients meet, work, and gather in sophisticated environments.Convene is a company that specializes in hospitality-driven services, formed in 2009 and headquartered in New York, US. The firm has undergone strategic pivots, including expanding its offerings through a recent acquisition. The company was co-founded by Azhar Quader and Ryan Simonetti, who have previously been involved in other ventures. In April 2022, Convene raised USD 500.00 mn in a SECONDARY BUYOUT led by Ares Management and Hudson's Bay Company, which will support the company's growth initiatives. Convene has engaged in 6 deals to date, with its most recent being on April 12, 2022.Convene specializes in providing a range of hospitality-driven services designed to enhance meetings, work, and gatherings. The company's core offerings include event venues, meeting rooms, flexible office spaces, and amenity centers. Convene operates through its portfolio, which features brands such as Convene, etc.venues by Convene, and Convene Signature. These services cater to corporate clients seeking technology-integrated spaces that support both in-person and virtual engagements across major urban centers like New York City, Boston, Chicago, San Francisco, Washington D.C., London, and Manchester.Convene generates revenue primarily through the rental of its hospitality-driven spaces for meetings and events, as well as offering flexible office solutions tailored to corporate clients. Engagements typically occur on a B2B basis, with bookings for durations ranging from single-day events to long-term office leases. The company partners directly with businesses, providing customizable access to meeting venues and office spaces equipped with advanced technology. Pricing plans vary based on location, services included, and duration, reflecting the premium nature of Convene's offerings.Following the acquisition on April 12, 2022, Convene plans to expand its footprint into suburban markets to accelerate its leadership. Recent funding will aid in this expansion strategy, allowing the firm to develop new products and services aimed at meeting evolving client needs. The details of specific upcoming products have not been disclosed, but the focus will likely enhance the overall service offerings to corporate clients.

## Funding rounds

- Series D, Jul 10, 2018, $152M — Brookfield Property Group, RXR, ArrowMark Partners, Revolution Ventures, BlackRock, Fifth Wall Ventures, The Durst Organization Inc., Elysium Capital Management, QuadReal Property Group Limited Partnership, Declaration Capital, Conversion Venture Capital
- Series C, May 1, 2017, $68M — ArrowMark Partners, Conversion Capital, Brookfield Property Partners, The Durst Organization Inc., Elysium Capital Management
- Series B, May 19, 2016, $20M — Sunrise Capital Partners, Boathouse Capital, ArrowMark Partners, Conversion Capital, Brookfield Property Partners
- Series B, Jun 17, 2015, $16M — Boathouse Capital, OFS Capital Management, Conversion Capital
- Series A, Jul 9, 2013, $10M — Boathouse Capital, Tamarix Capital

## Investors

- Boathouse Capital (https://capitalatlas.ai/funds/boathouse-capital) — Series A, Series B
- Tamarix Capital (https://capitalatlas.ai/funds/tamarix-capital) — Series A
- OFS Capital Management (https://capitalatlas.ai/funds/ofs-capital-management) — Series B
- Conversion Capital (https://capitalatlas.ai/funds/conversion-capital) — Series B, Series C
- Sunrise Capital Partners — Series B
- ArrowMark Partners — Series B, Series C, Series D
- Brookfield Property Partners — Series B, Series C
- The Durst Organization Inc. — Series C, Series D
- Elysium Capital Management (https://capitalatlas.ai/funds/elysium-capital-management) — Series C, Series D
- Brookfield Property Group — Series D
- RXR (https://capitalatlas.ai/funds/rxr) — Series D
- Revolution Ventures (https://capitalatlas.ai/funds/revolution-ventures) — Series D
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series D
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series D
- QuadReal Property Group Limited Partnership — Series D
- Declaration Capital — Series D
- Conversion Venture Capital (https://capitalatlas.ai/funds/conversion-venture-capital) — Series D