Local Venture Capital Firm Invests in Commercial Real Estate Startup

SAN FRANCISCO-Local venture capital firm Partech International is betting money on Workspeed Inc., a New York-based startup with a self-titled software program that streamlines the commercial building management process.

Workspeed is a newly released workflow system that automatically routes requests to property management staff and vendors in accordance with customized rules, and allows for tenants to create their own service requests online. The program then allows everyone involved to track their progress, and stores a complete history of the request from creation to completion. Workspeed also provides easy access to important operating information and documents, such as leases and vendor contracts.

Workspeed’s partners represent over 400 million sf of office space. Partners include Apollo Real Estate Advisors, LLC, Archon Group, LP, Insignia Financial Group, Jack Resnick & Sons, Lawrence Ruben Co., Inc., Mack-Cali Realty Corp., Newmark & Co., Shorenstein Co. LP, Starwood Capital Group, Williams Real Estate Co., and Vornado Realty Trust. Investors, beside Partech, include Peregrine Systems Inc., a provider of packaged infrastructure management application software, and the company’s individual founders.