Occuspace Secures $6 Million to Revolutionize Space Utilization

Occuspace, an occupancy intelligence platform, has raised $6 million in Series A funding, led by Lewis & Clark Ventures. This investment increases Occuspace’s total funding to $14 million.

The round also received continued support from Shadow Ventures, Okapi Ventures, Cove Fund, and Hamilton Ventures.

This funding will fuel the company’s growth in higher education, corporate, and government facilities, building on their 100% year-over-year growth since 2021.

Occuspace provides real estate decision-makers with data on how spaces are used. Their technology, using simple WiFi and Bluetooth sensors plugged into wall outlets, avoids costly installations and delivers real-time, actionable data.

The inefficiency is significant, with an estimated 1 billion square feet of wasted space in the U.S. alone.

Real estate is a massive asset class that often lacks data-driven management and Occuspace aims to solve this by providing insights that help clients optimize space, reduce waste, and improve user experience.

Occuspace’s technology guarantees occupant privacy, a key differentiator in the market.

Occuspace is expanding its services to colleges, universities, and government agencies, all significant real estate holders. These sectors represent a large market for the company’s technology.

Founded after a university technology competition in 2017, Occuspace now works with many Fortune 500 companies and over 100 educational institutions.

Occuspace is a leading occupancy intelligence platform that uses AI-powered technology to optimize space utilization in various real estate sectors.

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