Occuspace Secures $6M to Advance Space Utilization Tech
Occuspace, a leader in occupancy intelligence for the built environment, has successfully raised $6 million in Series A funding, led by Lewis & Clark Ventures. This funding round also includes continued backing from Shadow Ventures, Okapi Ventures, Cove Fund, and Hamilton Ventures. The investment will further accelerate Occuspace’s expansion into higher education, corporate real estate, and government facilities. Since 2021, the company has experienced over 100% year-over-year growth, reflecting the increasing demand for data-driven space utilization insights. With this latest funding round, Occuspace’s total investment has reached $14 million.
Driving Growth in the Real Estate Sector
“Securing Series A financing will allow us to scale rapidly across one of the largest asset classes in the world,” said Nic Halverson, Co-founder and CEO of Occuspace. “Our technology is simple yet highly effective, making space utilization data a critical tool for understanding and managing the built environment. This funding will help us continue innovating and expanding our reach to transform how real estate stakeholders optimize their spaces.”
Michael Rockhold, Principal at Lewis & Clark Ventures, echoed Halverson’s sentiments, emphasizing that Occuspace is revolutionizing how organizations gather and utilize occupancy data. “Their impressive growth underscores the increasing demand for real-time information as businesses and institutions seek to maximize the efficiency of their real estate assets. We are excited to support Occuspace as they scale their platform and disrupt the market.”
Matt Ohlman, General Partner at Shadow Ventures, highlighted the uniqueness of Occuspace’s approach. “They have developed the most accurate and frictionless occupancy sensing technology available. The ability to provide real-time, high-fidelity data without requiring expensive installations is a game-changer. Moreover, their privacy-first approach ensures compliance with data security standards, making them a preferred solution for enterprises and institutions. We are proud to continue supporting their growth.”
The Power of Data-Driven Space Utilization
Occuspace’s platform provides decision-makers with powerful insights into how spaces are used. Unlike traditional occupancy measurement systems that require costly and time-consuming installations, Occuspace offers a simple and scalable solution. Its WiFi and Bluetooth sensors plug into standard wall outlets, allowing facility managers to start collecting actionable data within minutes. The proprietary software then analyzes and translates this data into meaningful insights, helping organizations optimize space usage, reduce costs, and improve overall efficiency.
With real estate being the largest and oldest asset class globally, data-driven management is becoming increasingly essential. It is estimated that over 1 billion square feet of commercial space in the United States alone is underutilized, representing significant inefficiencies. Occuspace aims to address this issue by providing organizations with the tools to make informed decisions that enhance operational efficiency, reduce environmental impact, and improve user experience.
Transforming the Built Environment
The demand for occupancy intelligence is particularly high in sectors such as corporate real estate, higher education, and government facilities, which collectively account for billions of square feet of space worldwide. Occuspace’s technology is designed to meet the unique challenges of these sectors:
- The U.S. has approximately 16.4 billion square feet of commercial office space across nearly 944,000 buildings.
- Data from the National Center for Education Statistics and the Better Buildings Initiative indicate that more than 5,900 colleges and universities operate with a combined 5 billion square feet of space.
Facility managers in both public and private sectors often struggle with optimizing building usage due to a lack of precise data. “Understanding how buildings are actually being used is a challenge on an enormous scale,” said Nick Rau, Chief Technology Officer at Occuspace. “With our advanced data analytics and AI-driven intelligence, we provide solutions that eliminate guesswork and enable smarter decision-making.”
A Privacy-First Approach to Occupancy Intelligence
Privacy concerns have been a major barrier to widespread adoption of occupancy monitoring technologies. Unlike many solutions that rely on cameras or invasive tracking methods, Occuspace’s system is designed with privacy at its core. The technology ensures 100% anonymity, making it a preferred choice for businesses, universities, and government entities that prioritize data security.
“Real-time space monitoring should not come at the cost of privacy,” said Linus Grasel, Co-Founder and Chief Information Officer at Occuspace. “Our solution is designed to be deployed instantly across a single office or an entire real estate portfolio while maintaining the highest standards of data protection. We believe that privacy-first technology is the future of smart buildings.”
Expanding Market Reach and Future Plans
Since its inception, Occuspace has rapidly grown to become the leading occupancy intelligence platform for the built environment. The company was originally launched in 2017 as part of a university technology competition and has since evolved into a major player in the industry. Today, Occuspace collaborates with dozens of Fortune 500 companies and more than 100 colleges and universities, solidifying its position as a trusted partner for real estate optimization.
Looking ahead, Occuspace plans to continue expanding its market presence and enhancing its technology to meet the evolving needs of the real estate industry. With the latest Series A funding, the company is well-positioned to drive innovation and further its mission of making space utilization data the foundation of smart building management.
“Our goal is to redefine how real estate is managed,” said Halverson. “With our scalable, privacy-first solution, we are empowering organizations to make smarter decisions, optimize space, and create more sustainable and efficient built environments. This funding is just the beginning—we’re excited for what’s ahead.”
As demand for intelligent space utilization solutions continues to rise, Occuspace is poised to lead the industry in providing cutting-edge, data-driven insights that drive meaningful change in real estate management.
