What is Desana Network?
Desana Network operates as an enterprise-grade co-working space aggregator, offering employers a flexible working solution for their staff. The platform functions by allowing customers to purchase monthly credits, which employees can then redeem across a network of workspaces throughout Europe. This model streamlines payments, replacing individual bookings with a single, detailed invoice from Desana. Founded in 2016 and headquartered in Edinburgh, Scotland, Desana Network is redefining how businesses provide hybrid work options.
How much funding has Desana Network raised?
Desana Network has raised a total of $11.4M across 2 funding rounds:
Angel/Seed
$4M
Other Financing Round
$7.4M
Angel/Seed (2021): $4M with participation from BGF, Accel Scout Program, GroundBreak Ventures, PropTech1 Ventures, and Techstart Ventures
Other Financing Round (2023): $7.4M led by PropTech1 Ventures, JLL, and Techstart Ventures
Key Investors in Desana Network
GroundBreak Ventures
GroundBreak Ventures is an investor focused on early-stage opportunities within the housing and construction sectors in Canada, aiming to enhance the built environment and address challenges like housing affordability and energy efficiency.
PropTech1 Ventures
PropTech1 Ventures is a venture capital fund specializing in European PropTech startups, providing capital, expertise, and market access to companies digitizing and disrupting the real estate industry.
JLL
JLL is a global financial and professional services firm providing commercial real estate and investment management services, including a wide array of real estate solutions for owners, occupiers, and investors worldwide.
What's next for Desana Network?
The recent strategic investment in Desana Network, following its substantial enterprise-level funding, positions the company for accelerated expansion and enhanced service offerings. This capital injection is expected to fuel further development of its hybrid workspace platform, potentially expanding its network reach across Europe and beyond. The company's focus on providing a consolidated invoicing solution for employers indicates a strategic move to capture a larger share of the corporate flexible workspace market, aiming to become a dominant player in enabling flexible work arrangements.
See full Desana Network company page
