New Money

Loosecubes Raises $7.8M Round Led by New Enterprise Associates and Revolution Ventures

Plus real-time booking for you last-minute planners.
5882749179 3bc0aa0165 Loosecubes Raises $7.8M Round Led by New Enterprise Associates and Revolution Ventures

Welcome, welcome. (flickr.com/ajleon)

New York-based office sharing startup Loosecubes has raised a $7.8 million Series A led by New Enterprise Associates and Revolution Ventures. Including funds from an August 2012 seed round with Accel Partners and Battery Ventures, that brings the company’s total raised to $9 million.

Besides the funding, the company is also launching booking with real-time availability, and the company’s newly optimized mobile site will now show users nearby available spaces. As we are perpetually planless, we can imagine coming in handy. To celebrate, members can rent any of Loosecubes’ spaces for free for the rest of June.

Said founder and CEO Campbell McKellar in a statement:

When we started two years ago, I was a remote worker in need of a convenient, productive place to work. There are now over 1,000 Loosecubes available in 236 cities available for real-time, instant booking, and they’re all free for the month of June…. I’m excited to foster productive coworking using our beautiful new mobile site. Our hosts have more ability than ever to control their experience using our sharp new privacy controls.

Besides the cash, board members now include Tige Savage of Revolution Ventures and Alex Kinnier of NEA, and NEA’s Greg Papadopoulos is a board observer.

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