# VergeSense

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.vergesense.com
- Total disclosed funding: $74M
- Latest round: Series C (Nov 8, 2021)
- Investors on record: 8

## About

VergeSense, Inc. is a technology company that provides occupancy intelligence solutions to optimize space utilization and enhance employee experiences across commercial real estate portfolios.Founded in 2017 and headquartered in San Francisco, US, VergeSense specializes in occupancy intelligence solutions. The company has successfully raised funding through a Series C round, led by Scale Venture Partners, with participation from various investors such as Allegion Ventures and Tola Capital. VergeSense has completed 7 deals and raised a total of USD 60.00 mn, achieving a current company valuation of USD 332.33 mn. The CEO and founder, Dan Ryan, has a history of entrepreneurship in the tech space.VergeSense specializes in occupancy intelligence solutions designed to optimize space utilization and enhance the employee experience across commercial real estate portfolios. Their core product offerings include a sophisticated occupancy data platform that integrates data from various sources, such as sensors, WiFi networks, space booking systems, and employee badge data. This platform provides actionable insights and analytics, enabling organizations to understand occupancy trends, optimize space allocations, and automate workplace management. The solutions are utilized by a diverse clientele, including leading enterprises across industries such as financial services, technology, insurance, and professional services. VergeSense's products are implemented in over 50 countries, providing support to clients managing more than 200 million square feet of workspace.VergeSense operates on a subscription-based revenue model, allowing enterprises to access its occupancy intelligence platform and associated services on a recurring basis. Clients typically enter into contracts that grant them access to the platform, enabling them to leverage real-time data and analytics for informed decision-making related to space management. Revenue is generated through partnerships and direct sales to businesses seeking to enhance their workplace efficiency and employee satisfaction. Specific pricing plans for services are tailored to the needs of individual clients based on the size of their portfolios and the scope of services required. Flagship offerings include various occupancy measurement solutions powered by advanced analytics, aimed at facilitating strategic decision-making and optimizing workplace design.VergeSense plans to further enhance its product offerings by developing new features within its occupancy intelligence platform and aims to expand into additional global markets. The company will utilize the recent funding raised in the Series C round to support these initiatives, particularly focusing on enhancing product capabilities and exploring opportunities in emerging markets.

## Funding rounds

- Series C, Nov 8, 2021, $60M — Scale Venture Partners, DivcoWest, Tola Capital, Bolt, MetaProp, Allegion Ventures, JLL Spark
- Series B, Dec 10, 2020, $12M — Tola Capital
- Series A, Dec 12, 2019 — Bolt
- Seed, Dec 21, 2018 — MetaProp
- Seed, Oct 25, 2018, $1.5M — Bolt, Pathbreaker Ventures, MetaProp, JLL Spark

## Investors

- Bolt (https://capitalatlas.ai/funds/bolt) — Seed, Series A, Series C
- Pathbreaker Ventures (https://capitalatlas.ai/funds/pathbreaker-ventures) — Seed
- MetaProp (https://capitalatlas.ai/funds/metaprop) — Seed, Series C
- JLL Spark (https://capitalatlas.ai/funds/jll-spark) — Seed, Series C
- Tola Capital (https://capitalatlas.ai/funds/tola-capital) — Series B, Series C
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series C
- DivcoWest — Series C
- Allegion Ventures (https://capitalatlas.ai/funds/allegion-ventures) — Series C