# Petra Living

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/petra-living

- Industry: Consumer Products
- Headquarters: San Francisco, US
- Website: www.oliver.space
- Total disclosed funding: $56M
- Latest round: Series B (Aug 9, 2022)
- Investors on record: 8

## About

Petra Living, Inc. offers innovative solutions for enhancing digital collaboration through their advanced virtual workspace platform, tailored for remote teams across various industries.Founded in 2019 by Chan Park, Petra Living, Inc. is headquartered in San Francisco, US. The company has completed three deals, with the most recent funding round occurring on August 9, 2022. They raised USD 36.00 mn in a Series B round led by Union Grove Venture Partners, including additional investments from Avenue Capital Group, Expa, LG Technology Ventures, Mayfield Fund, and US Venture Partners. The total amount raised by the company is USD 36.00 mn, with a current valuation of USD 85.63 mn.Oliver.Space specializes in innovative solutions designed to enhance digital collaboration and spatial experiences across various industries. Their flagship product is a virtual workspace platform that integrates tools for real-time communication, project management, and immersive visualizations, primarily catering to remote teams and organizations seeking to improve productivity and engagement. Targeting industries like technology, education, and creative sectors, Oliver.Space serves startups, established enterprises, and educational institutions focused on streamlining workflows and fostering dynamic collaboration. The platform is tailored for significant markets such as North America, Europe, and parts of Asia, where demand for remote collaboration tools is increasing.Oliver.Space generates revenue primarily through a subscription-based model, offering a tiered pricing structure that accommodates various user needs and organizational sizes. Clients can choose from annual or monthly subscriptions, with additional revenue opportunities from customized enterprise solutions and partnership integrations. Their offerings include advanced features such as team collaboration spaces and analytics tools, which are essential for driving user engagement and retention, ensuring a steady flow of income while allowing clients to tailor usage based on specific operational requirements.In August 2022, Petra Living, Inc. raised USD 36.00 mn in Series B funding to expand its business range and operations. The company is actively working on new products designed to enhance their current offerings and plans to enter additional markets in Europe and Asia by the end of 2023. The recent funding will support these initiatives, allowing Petra Living to enhance its product lineup and expand its geographic presence.

## Funding rounds

- Series B, Aug 9, 2022, $36M — Mayfield Fund, US Venture Partners, Avenue Capital Group, Expa, Union Grove Venture Partners, Abstract Ventures, LG Technology Ventures
- Series A, May 26, 2021, $13M — Mayfield Fund, US Venture Partners, Expa, Abstract Ventures, Burst Capital
- Seed, Oct 29, 2019, $6.8M — Mayfield Fund, Abstract Ventures

## Investors

- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Seed, Series A, Series B
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Seed, Series A, Series B
- US Venture Partners (https://capitalatlas.ai/funds/us-venture-partners) — Series A, Series B
- Expa (https://capitalatlas.ai/funds/expa) — Series A, Series B
- Burst Capital (https://capitalatlas.ai/funds/burst-capital) — Series A
- Avenue Capital Group (https://capitalatlas.ai/funds/avenue-capital-group) — Series B
- Union Grove Venture Partners (https://capitalatlas.ai/funds/union-grove-venture-partners) — Series B
- LG Technology Ventures (https://capitalatlas.ai/funds/lg-technology-ventures) — Series B