As coronavirus lockdowns ease across the United States, funding for tech that promises to deliver the future of the workplace is picking up.
Lane represents the latest in a recent string of proptech fundings: The Toronto property management platform raised $10 million in Series A cash last week to grow its Denver team, and develop its tech.
Founded in 2014, Lane connects commercial landlords and corporate tenants, offering a single platform that can be used to submit maintenance requests, manage guest passes, book amenity spaces and more. Clients — including Brookfield Property Partners, Colliers International and Convene — pay a subscription fee to use the software.
Post-coronavirus, CEO Clinton Robinson said Lane has seen demand from tech companies that want to ensure their employees are returning to a safe work environment. Lane can be used to stagger tenant work hours, coordinate contactless food delivery, serve as a communication platform for all parties and more.
“We can facilitate that,” Robinson told The Real Deal. “It’s not just about COVID. It’s about, ‘How do you respond to a rapidly changing world?”
Lane did not respond to an interview request from Built In Colorado. Robinson told Colorado Inno that he plans to grow Lane’s Denver team from two people to 10 this year.
By the end of 2020, Lane aims to enter Brazil, Germany, the United Kingdom, Australia and the United Arab Emirates.
Property management tech companies have been pulling in cash at a rapid rate in recent weeks. In early June, Portland unicorn Vacasa raised $108 million to develop its professionally managed vacation rental platform, with investors banking on the idea that travelers will be more comfortable staying in units cleaned according to Centers for Disease Control and Prevention standards during their next work trip. In late May, the Arizona-based SmartRent raised $60 million to develop its smart automation platform, which lets property managers coordinate moves from afar. Also in May, Swiss company Locatee raised $3.5 million from San Francisco investors to use its analytics platform to optimize office space.
The Series A round brings total investment in Lane to $13.9 million in funding. Round13 Capital led the round, with participation from Alate Partners and Panache Ventures.
