# Gather Presence

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gather-presence

- Industry: Software
- Headquarters: US
- Website: www.gather.town
- Total disclosed funding: $77M
- Latest round: Series B (Nov 3, 2021)
- Investors on record: 3

## About

Gather Presence, Inc. is a virtual office platform that fosters communication and collaboration among remote teams by providing an interactive digital workspace, enhancing the remote work experience for businesses globally.Founded in 2020 in the US, Gather Presence, Inc. offers a virtual office solution that allows teams to communicate and collaborate effectively in a simulated office environment. The company has not undergone any significant pivots in its business strategy or operations. Gather was founded by Alex Chen, Mohammed Jaffer, Nathan Foss, and Phillip Wang, with Phillip Wang currently serving as CEO. The company has raised a total of USD 50.00 mn, with the most recent funding round being a Series B completed on November 3, 2021, co-led by Index Ventures and Sequoia Capital. This funding has been crucial in reinforcing its market presence with a current valuation of USD 634.53 mn.Gather is a virtual office platform designed to enhance communication and collaboration among remote teams. Its core product provides a persistent virtual space where team members can interact similarly to a physical office environment, allowing users to stop by virtual desks, engage in casual conversations, and conduct spontaneous discussions without scheduling formal meetings. The platform facilitates real-time collaboration through features such as shared whiteboards, screen sharing, and integrations with tools like Slack and Google. Gather primarily serves businesses operating in remote work settings across various sectors, including technology, engineering, and other professional services, catering to teams that seek to maintain a cohesive culture despite geographical separation. The product is available in multiple international markets, including North America and Europe, reflecting its adaptability to diverse work cultures.Gather generates revenue through subscription-based pricing models tailored to businesses that utilize its virtual office services. Organizations can choose from various plans that offer features suitable for different team sizes and collaboration needs, including premium support options for larger teams. The transactional structure is based on direct-to-consumer relationships, where clients subscribe to access the platform, often opting for annual commitments to unlock additional features and discounts. Each subscription plan is designed to provide essential tools for remote teams, enabling a streamlined workflow and enhancing productivity. The flagship offering, the Gather virtual office, serves as the central hub for team interactions, capitalizing on the growing demand for innovative remote work solutions in today's business landscape.In 2021, Gather Presence, Inc. raised USD 50.00 mn in Series B funding, which will be utilized to enhance its product offerings and expand its market reach. The company is currently developing new features aimed at improving user experience and collaboration capabilities. Additionally, plans are in place for geographical expansion into new markets, specifically targeting regions in Asia and South America over the next two years. This strategic growth is aimed at capitalizing on the increasing demand for remote work solutions as businesses adapt to hybrid work models.

## Funding rounds

- Series B, Nov 3, 2021, $50M — Index Ventures, Hong Shan
- Series A, Feb 26, 2021, $27M — Index Ventures, Hong Shan, Y Combinator

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A, Series B
- Hong Shan — Series A, Series B
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A