ASG provides financial backing for proptech firm WorkSpace

ASG has invested in WorkSpace, a cloud-based platform that aggregates and integrates data for the commercial real estate investment industry. The investment from ASG will allow WorkSpace to expand its product offering and team, according to Vivek Kartha, president of WorkSpace.

ASG, backed by Alpine Investors, buys, builds and operates SaaS (software as a service) businesses. The investment in WorkSpace marks ASG’s first step into the commercial real estate industry.

“The amazing and fascinating and inspiring thing about commercial real estate is how vast it is,” said Kartha. But while the flow of capital goes around the world, real estate data does not.

Many commercial real estate investors and managers find it “hard to stay on top of the data that exists in their ecosystem,” said Kartha.

And the COVID-19 pandemic has put the need for accurate and actionable data into even sharper relief.

“When things move quickly, you need the ability