42Floors launches office search in New York, raises $5M
New York, NY -- 42Floors.com, the office space search engine, announced today it is expanding to cover New York. The company, which launched six months ago in San Francisco, is partnering with Manhattan's largest landlords and commercial real estate brokers to make it easier for everyone to search for office space.
According to Jason Freedman, the company’s cofounder, this wider reach has always been part of 42Floors' plan. "Our plan is to reinvent office search one city at a time. We had huge demand in San Francisco -- so much that we couldn't keep up. So, for the New York launch we've quadrupled our capacity by partnering with the biggest property owners and brokers beforehand."
In conjunction with the New York launch, 42Floors also announced that it has raised $5 million in Series A funding from investors including Thrive Capital and Bessemer Venture Partners. According to Freedman, “We received funding from 35 investors; the vast majority of them are based in New York City because that’s where we’re focused as a company.”
As part of the financing, Jeremy Levine and Jared Kushner join the board of directors. Jeremy's past investments include LinkedIn, Yelp, and Pinterest, among others. Jared is the CEO of Kushner Companies, a diversified real estate organization headquartered in New York, and brings a wealth of commercial real estate expertise. Other investors include Dave McClure of 500 Startups, Chris Dixon, and many leaders in the commercial real estate industry.
42Floors was founded in November 2011 with the goal of making office space search three things it has never been: beautiful, easy, and transparent.
42floors.com gives users a free, comprehensive database of available spaces, complete with high quality photography and crucial data about the listings. The site currently covers San Francisco and New York with plans to expand.
Jared Kushner - Thrive Capital
Jeremy Levine - Bessemer Venture Partners
David Tisch - Box Group
Jonathan Siegel - Accel Partners
Bob Ghoorah - Angel investor
Alex Bangash - Rumson Group
Alex Bresler - ASBC
Daniel Wolfson - President at Logoworks
Seth W. Lieberman - CEO at SnapApp
Alexis Ohanian - Initialized Capital, cofounder of Reddit
Zachary Weinberg - Founder at Invite Media
Founder Collective Entrepreneurs' Fund
Chris Dixon - Founder Collective
Frank Caufield - Darwin Ventures
Trustees of the Werdegar Family Trust
Nat Turner Investments
Barry Silbert - Founder at Second Market
Kal Vepuri - The Trisiras Group
Red Swan Ventures
Berman Venture Capital
Daniel Mermel - Owner at Sivan Properties
Jeffrey Epstein - Director of Sales at Shoplet
Jeff Zwelling - Cofounder at Convertro
Michael Friedland - KKR
Jae Yi - Colony Capital
Yuri Milner - Digital Sky Technologies
Brandon Shorenstein - Shorenstein Co.
David Vivero - Founder at Rent Juice
Dave McClure - 500 Startups