New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
$46M Share Placement Positions essensys for Expansion
essensys, the global provider of software and technology to the flexible workspace industry with U.S. headquarters in Midtown Manhattan, has raised $46 million in proceeds through a primary share placing. The significantly oversubscribed fundraise positions essensys to continue its global expansion through an accelerated go-to-market strategy and product development, among other goals.
The funds raised will go toward targeting a significant land grab opportunity resulting from the massive structural shift in commercial real estate; increasing market share with a focus on North America, the United Kingdom and Continental Europe and Asia Pacific; targeting the expansion opportunity within the existing customer base; and accelerating essensys’ product development program.
“This latest funding round reflects investor confidence in essensys’ vision, our business model and the company’s ability to support and deliver for our customers,” said Mark Furness, founder and CEO, essensys.
Pictured: essensys New York offices at 450 Seventh Ave.
- ◦Financing
