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Convene CEO Ryan Simonetti on Raising $152M in Series D Funding

Posted July 10, 2018 By Ryan Simonetti

July 10, 2018 (New York, NY) – It feels like yesterday that my co-founder, Chris Kelly, and I were just a couple of 27-year-old entrepreneurs with big, audacious plans to fundamentally transform the way the world meets and works. Nine years after founding Convene, and special thanks to our amazing clients, landlord partners, investors and the herculean efforts of our inspiring team (past and present), we are one step closer to creating the massive impact we always dreamed of.

Today, we’re proud to announce that we’ve secured $152M of Series D funding, backed by some of the most prominent and respected global investors and landlords, cementing our place as one of the leading providers of hospitality-driven meeting and flexible workplace solutions in the world.

Convene co-founders Chris Kelly and Ryan Simonetti (photo by Sarah Blesener/Bloomberg)

Since our founding, we’ve strived to partner directly with building owners to provide corporate clients with elevated meeting and workplace experiences by anticipating their needs and offering a level of hospitality unmatched in our industry. The future of the workplace is more than just coworking and we’re leading this next wave of change—with tech-driven, high-design meeting and flexible workspaces that create a palpable sense of place for the world’s most successful organizations.

With this new round of funding, we will accelerate our “More Places, More Ways” strategy by rapidly expanding our physical footprint nationally and internationally, growing our hospitality offerings to respond to the evolving needs of our landlord partners and enterprise clients, and officially launching Elevate, our workplace technology platform.

Our investors continued confidence and excitement in Convene is a direct result of the best-of-industry customer satisfaction scores, award-winning corporate culture, commitment to innovation, and stellar financial performance that our team consistently delivers every single day.

Thank you to our investors, clients, partners, and most importantly, the amazing Convene team. We are incredibly proud of the work we have accomplished together, and know we have the best team and partnerships in place to expand Convene’s reach and continue delivering superior meeting and workplace experiences to our clients.

It’s a proud day for all of us, but this news is just the beginning of the incredible journey that lies ahead. We’re just getting started….

Take a listen to this brief interview above or read our official press release to learn more about our plans for this funding.

Don’t stop!

Ryan Simonetti

Cofounder and CEO, Convene

Series D Fast Facts

Series D Funding: $152M

Total Funding to Date: $260M

New Investors: Declaration Capital, QuadReal Property Group, Revolution Growth, RXR Realty

Returning Investors: ArrowMark Partners, Brookfield, CVC2, The Durst Organization, Elysium Management

Press Coverage: BloombergThe Real Deal, TechCrunchYahoo, Commercial Observer, Crain’s New York, MSN, Meetings and ConventionsBisnow, Crain’s ChicagoCrunchbase News, Globe Street

Read more in the Convene press release.


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