Desana Secures $7.4 Million Funding Round to Drive Global Expansion

March 1, 2023

Desana, the innovative B2B global hybrid workspace platform, has just announced the closure of a significant $7.4 million funding round. This funding, co-led by PropTech1 Ventures and JLL Spark Global Ventures, marks a pivotal moment for the Edinburgh-based company as it gears up for accelerated global expansion, particularly in the US market.

Since its inception in 2019, Desana has experienced remarkable growth, offering employers access to workspace in over 600 cities across more than 60 countries. The platform's unique approach enables companies to consolidate their real estate commitments, significantly reducing workspace overheads by up to 95%. In a time when office space remains one of the highest business expenses, Desana's solution is a game-changer for enterprises seeking cost-efficiency and flexibility.

Michael Cockburn, CEO and Co-Founder of Desana, expressed his excitement about the company's journey, highlighting how they've evolved from launching their product in Edinburgh to serving some of the world's biggest companies. Cockburn emphasised Desana's commitment to empowering companies to adapt to the evolving landscape of work, stating, "We established Desana ahead of one of the biggest shifts in working culture for generations, and this unprecedented transition has driven a huge amount of growth for us."

Desana's platform provides employers with an intuitive interface, granting immediate access to a global network of flexible workspaces. This enables companies to offer their employees workspace anywhere in the world with just a click, while only paying for the hours used. Additionally, Desana allows companies to integrate their own offices into the platform, simplifying the management of global hybrid working patterns and facilitating data-driven real estate decisions.

Tanguy Quero, Investment Principal at JLL Spark Global Ventures, praised Desana's platform, noting its ability to address the challenge of managing a distributed workforce with a hybrid or flexible model. Quero highlighted Desana's seamless deployment and scalability, coupled with an exceptional user experience for employees.

Desana's success is evident in its impressive roster of enterprise customers, including renowned names like Github, Twilio, Sonos, Elastic, and Splunk. With the fresh funding, the company aims to further solidify its presence in the US market, where it has already gained traction among tech companies in California and beyond.

The funding round signifies not only a vote of confidence from investors but also a validation of Desana's mission to revolutionise the way companies utilise office space. As the world continues to embrace flexible and hybrid working models, Desana stands at the forefront, providing innovative solutions to meet the evolving needs of modern enterprises.

In conclusion, Desana's latest funding round heralds a new chapter of growth and expansion for the company, as it continues to redefine the future of workspaces on a global scale. With a focus on driving efficiency, flexibility, and cost-savings for businesses, Desana is poised to lead the way in shaping the workplace of tomorrow.