Envoy's CEO Larry Gadea is sure that offices will reopen post-Covid-19. He's raised $20 million in new funds to build a software to help by alexrkonrad
The San Francisco-based startup plans to add more tools in upcoming months, Gadea says, including conference room management, cleaning and building facilities management, and announcement mechanisms. For that push, and to maintain cash reserves through the pandemic, Envoy says it raised $20 million in venture debt from firm TriplePoint Capital, as well as a separate line of credit of up to $10 million for small acquisitions.
So Envoy’s focus has shifted, even if many of its products have not. Its visitor check-in tools will now allow employees to sign up to go to the office and allow offices to manage how many staff can enter on a given day. Its non-disclosure agreements for visitors will most likely have been replaced by questionnaires on any entrant’s recent history of health checks. And tools that can manage the use of shared spaces and meeting rooms will now matter as much for safety as for efficient use.
In an interview, Density CEO Andrew Farah said new bookings had grown more than 500% in the past 90 days. “People are trying to figure out how to open their buildings and return people back safely,” Farah says. “The data that used to be used to optimize space and think about workplace design is now data businesses want to give back to employees to show, is it safe for me to go in.”
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