Funding round
OfficeRnD Growth
Reported as "Growth Equity"
OfficeRnD, which works in flexible work solutions development in North Shields, raised an undisclosed amount in a Growth round announced on 26 Oct 2023, led by Blue Star Innovation Partners. 1 firm took part. It is OfficeRnD's third venture round on record; the one before was a Series A in Oct 2021.
Undisclosed
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
OfficeRnD did not disclose a valuation in this round. It came 24 months after OfficeRnD's Series A. No later venture round is on record for OfficeRnD.
Investors
Who put money in
Blue Star Innovation Partners led the round.
Lead investor
- backs 5 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
356 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Anthropic Tech Companies | 1 Oct 2023 | $2.00B | $60.00B | not named |
| Tech Companies | 11 Oct 2023 | $250M | not disclosed | Vista Equity Partners |
| Tech Companies | 18 Oct 2023 | $80M | not disclosed | Insight Partners |
| Tech Companies | 26 Oct 2023 | $50M | not disclosed | Craft Ventures and Valor |
| Tech Companies | 5 Oct 2023 | $50M | not disclosed | not named |
| Tech Companies | 17 Oct 2023 | $43M | not disclosed | Eight Roads and AB Private Credit Investors |
| Tech Companies | 2 Oct 2023 | $40M | not disclosed | Dimension |
| Tech Companies | 17 Oct 2023 | $40M | $1.00B | MassMutual Ventures and Capital One Ventures |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did OfficeRnD raise in its Growth round?
OfficeRnD did not disclose the amount of its Growth round, announced in Oct 2023.
Who led OfficeRnD's Growth round?
Blue Star Innovation Partners led it.
What was OfficeRnD's valuation at the Growth round?
It was not disclosed.