Workplace management platform Lane has raised $10 million in funding and will use the money to double its team by the end of the year and quicken its global expansion.
Bruce Croxon, managing partner at Round13 Capital, issued a statement saying that despite possessing a fraction of resources and funding, Lane is "outperforming competitors in the market."
"It was impressive to see the round come together so quickly and it was even more impressive to see it over-subscribed given the times we are in," he said. "As teams adjust to a new normal in the workplace, Lane's ability to remove friction from the process will prove invaluable."
Lane is a software as a service solution that bills itself as streamlining details of office life for property managers and tenants, including guest registration and room bookings.
Lane launched the platform throughout the commercial portfolio for Brookfield Properties in the US over the past six months.
Kristina Schwartz, senior vice president, operations & sustainability at Brookfield Properties Office Division, says they are "deploying" the platform to more locations.
"Tenants everywhere are looking to building owners to assist in their efforts to attract and retain the best talent, and Lane's workplace experience platform allows us to provide an unprecedented connection with tenants and occupants," she said in a statement.
Meanwhile, the COVID-19 pandemic has touched off discussions over how people will approach workplaces going forward. Lane points to its capabilities of arranging staggered in-office days and booking specific times for arrival.
"In the wake of COVID-19, there is even greater demand for a strong technology solution that can help property owners and operators orchestrate a safe and secure return to work, effectively manage building communications and operations, and make the workplace a seamless and engaging place to be," said Clinton Robinson, CEO of Lane, in a statement.
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Ryan Tarinelli
Ryan Tarinelli is a reporter at the New York Law Journal. He is based at the New York State Capitol in Albany, New York. He can be reached through email at [email protected]. Follow him on Twitter: @ryantarinelli.
