# Kumospace

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

- Industry: Software
- Headquarters: Long Island City, US
- Website: www.kumospace.com
- Total disclosed funding: $25M
- Latest round: Series A (Nov 24, 2021)
- Investors on record: 3

## About

Kumospace, Inc. is a US-based company that specializes in virtual office solutions, enhancing collaboration for remote and hybrid teams through innovative communication tools and immersive virtual environments.Founded in 2020 and headquartered in Long Island City, US, Kumospace, Inc. provides a virtual office platform that facilitates communication for remote work. The company secured USD 21.89 mn in Series A funding on November 24, 2021, led by Lightspeed Venture Partners and including Boldstart Ventures. The total amount raised to date also stands at USD 21.89 mn, with a current valuation of USD 69.31 mn.Kumospace offers a comprehensive suite of business communication tools designed to enhance collaboration for remote and hybrid teams. Its core product, a virtual office platform, facilitates seamless interactions through video conferencing, chat channels, and file sharing, effectively replicating the in-office experience. The platform supports productive virtual meetings, hosts large-scale virtual events, and fosters teamwork through interactive features such as online whiteboards and spatial audio. Targeting a diverse client base that includes companies of all sizes, from startups to Fortune 10 enterprises, Kumospace is deployed across various geographical markets, primarily focusing on North America, Europe, and Asia-Pacific regions.Kumospace generates revenue through subscription-based models that provide businesses with tiered access to its virtual office solutions and features. Clients engage in annual or monthly subscriptions, allowing them to utilize tools for video conferencing, collaboration, and event hosting. The structure of these transactions typically involves direct agreements between Kumospace and the purchasing organization, ensuring that teams have access to the full suite of features necessary for effective remote work. Pricing plans are designed to accommodate the needs of various organizations, with scalable options that cater to both small teams and large enterprises, enabling clients to customize their virtual workspace according to specific requirements.Following the Series A funding of USD 21.89 mn in November 2021, Kumospace plans to expand its solution offerings and develop new integrations with applications like Slack and various calendar solutions. The company is strategizing to enter additional markets in Europe and Asia-Pacific by Q4 2023, leveraging the recent funding to support these initiatives.

## Funding rounds

- Series A, Nov 24, 2021, $22M — Lightspeed Venture Partners, Boldstart Ventures
- Seed, Dec 5, 2020, $3M — Lightspeed Venture Partners, Boldstart Ventures, Eniac Ventures

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series A
- Boldstart Ventures (https://capitalatlas.ai/funds/boldstart-ventures) — Seed, Series A
- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Seed