SOFIA (Bulgaria), Oct.27 (SeeNews) – Bulgaria-registered software solutions provider OfficeRnD said it had raised $ 10 million (€ 8.6 million) in a funding round led by US venture capital firm Runa Capital and joined by Flashpoint Venture Capital and Sofia-based LAUNCHub Ventures.
The company will use the funds to significantly advance its products, forge new partnerships and expand its global presence, she said in a statement released last week.
The investment will mainly be used for the expansion of the Bulgarian team of OfficeRnD with specialists from all fields, and in particular from the field of product management. With the team’s expansion, OfficeRnD will aim to open new offices in many cities in Bulgaria, the company’s co-founder and CEO, Miroslav Miroslavov, said in an article by local economic news site The Recursive this week. last.
The team’s primary focus will be on fueling the development of its recently launched OfficeRnD Hybrid product, which enables companies to provide their employees with a more flexible and hybrid office work model, added Miroslavov.
With an almost entirely Bulgarian team of around 100 local employees and only 15 international employees, OfficeRnD will continue to keep its core management and development teams in Bulgaria. Along with the expansion of the Bulgarian team, OfficeRnD will also hire more people in its offices in London, Australia and the United States, where its Atlanta-based team would double or triple its size, the CEO also said.
Currently, OfficeRnD has clients in over 90 countries, with the US accounting for 45% of the platform’s clients, followed by 15% in the UK, EU and APAC, said The Recursive.
According to information on the company’s LinkedIn profile, OfficeRnD helps flexible space operators, landlords, property management companies, and work teams manage flexible workspaces. The company’s OfficeRnD Flex product is a specialized property management and tenant engagement platform for coworking and flex spaces as well as landlords, while OfficeRnD Hybrid is a workspace management solution. that helps companies manage a flexible work environment.
Sofia-based OfficeRnD is a wholly owned unit of UK-based OfficeRnD Ltd., according to data published in the Bulgarian Commercial Register.
Runa Capital, headquartered in California, is an international venture capital firm that invests in early stage startups in deep tech, B2B SaaS, fintech, ed-tech and digital health.
($ = 0.86072 euro)