Thursday, October 24, 2019

HelloOffice Sets Up Shop In LA

HelloOffice, a San Francisco-based real estate startup, is opening up an office in Los Angeles, after raising $6.5M in a funding round. The company said it raised funds from Initialized Capital, Founders Fund, Founder Collective, Peak State Ventures, SV Angel, Liquid 2 Ventures, SaaStr, and The House Fund. HelloOffice helps companies find office space, operating as a commercial real estate brokerage to help companies find office space. The company pointed to LA's growth in the technology and entertainment area for the entry into the market. Los Angeles is served by a significant number of commercial real estate brokerages, many of whom specialize in technology, entertainment, or both. The company got its start serving San Francisco, where it's difficult to find office space due to the city's popularity with startups and technology companies.