Cushman & Wakefield, Newmark invest in hybrid workspace solutions firm

Upflex — a global provider of hybrid workspace solutions — has announced the closing of its $30 million Series A funding round. The raise was led by WeWork with participation from notable strategic investors, including Newmark and Cushman & Wakefield as well as returning investor Ecosystem Integrity Fund, and top venture funds including GPO Fund, Coelius Capital, Industry Ventures, Inertia Ventures, Perennial Private Investments, and Silicon Valley Bank. This brings Upflex’s total funds raised to date to $34.1 million.

Upflex entered into a strategic and exclusive partnership with WeWork in February 2022, which increased Upflex’s global network to more than 6,000 bookable locations.

For flexible space partners, Upflex aims to create enhanced exposure for their portfolio of assets, while enabling them to manage their inventory without added incremental capital investments. For employees, it enables office location and desk booking flexibility, while empoweri