Occuspace, a leader in space utilization technology, has raised $6 million in Series A funding to expand its innovative occupancy intelligence platform. The round was led by Lewis & Clark Ventures, with continued backing from Shadow Ventures, Okapi Ventures, Cove Fund, and Hamilton Ventures. This investment pushes Occuspace’s total funding to $14 million, fueling its rapid expansion into higher education, corporate, and government real estate markets.
With a remarkable year-over-year growth of 100% since 2021, Occuspace is reshaping how organizations manage their real estate assets.
Empowering Smarter Real Estate Decisions with Scalable Technology
“Space utilization is one of the most overlooked yet critical challenges in real estate,” said Nic Halverson, Co-founder and CEO of Occuspace. “Our Series A funding will supercharge our growth as we tackle inefficiencies across one of the world’s largest asset classes.”
Occuspace’s technology stands out for its simplicity and scalability. Designed for easy deployment, their WiFi and Bluetooth sensors plug directly into standard wall outlets—eliminating the need for costly infrastructure upgrades. Within minutes, facilities gain real-time insights into how space is used, helping reduce waste and cut costs.
“Our goal is to make space utilization data the foundation for managing the built environment,” Halverson added.
Real-Time Data Without Compromising Privacy
What truly differentiates Occuspace is its commitment to privacy. As the only space utilization technology offering 100% anonymous data collection, it ensures that real-time occupancy tracking never compromises user privacy—a critical factor for universities, businesses, and governments.
“Occuspace delivers highly accurate, frictionless occupancy sensing—without the privacy concerns that plague other solutions,” noted Matt Ohlman, General Partner at Shadow Ventures. “It’s exactly what today’s real estate decision-makers need as they rethink space usage in a post-pandemic world.”
Meeting Growing Demand Across Major Sectors
Driven by soaring demand, Occuspace is expanding its services to colleges, corporate offices, and government facilities—sectors that collectively manage billions of square feet of real estate.
- The U.S. alone has 16.4 billion square feet of commercial office space spread across nearly 1 million buildings.
- Higher education accounts for 5 billion square feet across more than 5,900 institutions, according to national data.
Despite this vast footprint, most facility managers lack accurate data on how their spaces are being used—resulting in costly inefficiencies.
“There’s an estimated 1 billion square feet of wasted space in the U.S. alone,” said Nick Rau, CTO of Occuspace. “We’re solving this with affordable, actionable data that empowers smarter decisions.”
Leading the Future of the Built Environment
Occuspace, which began as a university tech competition project in 2017, has since grown into the market leader for occupancy intelligence. The company now serves dozens of Fortune 500 firms and over 100 colleges and universities.
“Our mission is simple—help organizations optimize their real estate footprint with AI-driven intelligence,” said Linus Grasel, Co-Founder and CIO. “With our plug-and-play technology, clients can instantly measure space usage across a single site or an entire portfolio—no expensive retrofits needed.”
As the real estate sector faces unprecedented change, Occuspace’s space utilization technology offers a powerful solution for cutting costs, improving sustainability, and enhancing user experiences.
