Occuspace, the leading occupancy intelligence platform for the built environment, has secured a $6 million Series A investment led by Lewis & Clark Ventures with continued support from Shadow Ventures, Okapi Ventures, Cove Fund, and Hamilton Ventures. The investment accelerates Occuspace’s growing service to higher education, corporate and government facilities, with YoY growth of more than 100% since 2021. This latest funding brings the total investment in Occuspace to $14 million.
“Simple and elegant in design and function, Occuspace is the only space utilization technology that is truly scalable for the massive real estate sector,” said Nic Halverson, Co-founder and CEO at Occuspace. “I’m so proud of the work our team has done to get us here. Raising Series A financing will accelerate our growth across one of the largest asset classes in the world. Our vision is to make space utilization data the source of truth for understanding and managing the built environment.”
“Occuspace is transforming the way real estate decision makers access and utilize key data about how physical space is being used,” said Michael Rockhold, Principal at Lewis & Clark Ventures. “Their growth is a testament to increasing demand for information as organizations globally strive to make the most efficient use of their real estate footprints. We’re thrilled to partner with Occuspace as they scale and disrupt the market.”
“Occuspace has developed the most accurate and frictionless occupancy sensing technology available, solving a critical challenge for real estate stakeholders. Their ability to deliver real-time, high-fidelity data without costly installations—while maintaining a privacy-first approach—truly sets them apart in the market,” said Matt Ohlman, General Partner at Shadow Ventures. “We’re excited to continue our support of Occuspace as they define the future of space utilization, providing the insights businesses, universities, and governments need to navigate one of the most profound shifts in real estate dynamics in modern history.”
Occuspace’s technology gives real estate decision-makers a powerful tool to understand how space is used. Designed to be simple and affordable, Occuspace’s WiFi and Bluetooth sensors are plugged into wall outlets, preventing the need for costly installation. Using proprietary software, facility managers start getting accurate, actionable data on space usage within minutes, leading to insights that can save thousands, if not millions of dollars. Occuspace also provides the only workplace measurement technology that guarantees occupant privacy.
Real estate is the largest and oldest asset class in the world, and one too often, that is being managed without data. The inefficiency is enormous, with an estimated 1 Billion square feet of wasted space in the U.S. alone. By providing data on how property is used, Occuspace helps clients create smarter buildings that increase efficiency, reduce environmental footprints and improve user experience.
“Understanding space at scale is the future of the built environment. We’re proud to have designed a 100% anonymous technology that instantly deploys across a single office or an entire portfolio—delivering real-time, AI-driven intelligence without costly infrastructure changes,” said Linus Grasel, Co-Founder and Chief Information Officer at Occuspace.
Based on growing demand, Occuspace is expanding its service to colleges and universities, corporate real estate and government agencies. Among the largest holders of real estate in the world, these sectors represent an enormous market and significant opportunity for Occuspace’s continued growth:
- The U.S. has 16.4 billion square feet of commercial office space in approximately 944,000 commercial office buildings.
- Data from the National Center for Education Statistics and the Better Buildings Initiative shows more than 5,900 colleges and universities, with 5 billion square feet of total building space.
“In public and private sectors, facility managers are managing buildings without really knowing much about how they are being used. It’s a challenge of enormous scale, and one that we can solve with smart data and analytics,” said Nick Rau, Chief Technology Officer at Occuspace.
Since launching from a university technology competition in 2017, Occuspace has grown into the number one occupancy intelligence platform for the built environment. The company now works with dozens of Fortune 500 companies and more than 100 colleges and universities.
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