What is iSpace?
Headquartered in Los Angeles, iSpace operates as a multifaceted global services organization. The company specializes in a diverse portfolio of offerings, including Information Technology Services, Business Process Services, Location Based Services, and specialized Healthcare Solutions. By leveraging a distributed workforce of seasoned professionals, iSpace focuses on driving innovation and delivering measurable results for its enterprise clientele. The firm's operational model is designed to optimize business processes while maintaining a robust technological backbone, positioning it as a critical partner for organizations navigating digital transformation.
How much funding has iSpace raised?
iSpace has raised a total of $264.2M across 3 funding rounds:
Series A
$90.2M
Debt
$2M
Series B
$172M
Series A (2017): $90.2M with participation from Tohoku University Venture Partners
Debt (2020): $2M led by PPP
Series B (2020): $172M supported by CICC Alpha, Beijing Financial Street Capital Operation Center, and Taizhonghe Capital
Key Investors in iSpace
CICC Alpha
A prominent investment arm of China International Capital Corporation, focusing on large-scale private equity and strategic growth opportunities.
Beijing Financial Street Capital Operation Center
A state-backed financial entity specializing in capital operations and long-term strategic investments within the technology and infrastructure sectors.
Taizhonghe Capital
A specialized investment firm that provides growth capital to high-potential enterprises, focusing on sustainable business models and market expansion.
What's next for iSpace?
With the recent infusion of capital, iSpace is well-positioned to accelerate its growth strategy and expand its service delivery capabilities. The company is expected to prioritize the enhancement of its Location Based Services and Healthcare Solutions, sectors that require significant R&D and infrastructure investment. By utilizing this latest financing, iSpace aims to deepen its market penetration in both the U.S. and Indian markets, focusing on operational efficiency and the integration of advanced digital tools. As the firm transitions into its next phase of maturity, the focus will likely shift toward scaling its proprietary service frameworks to meet the increasing demand for integrated business process management and high-availability IT support.
See full iSpace company page
