CommonGrounds Workspace Funding, Investors & Competitors

CommonGrounds Workspace has raised $140M across 2 funding rounds, most recently a $40M Series A in September 2019.

Last CommonGrounds Workspace funding round

$40M

Series A · Sep 2019

Cumulative funding CommonGrounds Workspace raised

$140M

across 2 funding rounds

Key investors in CommonGrounds Workspace

  • Davidson Capital Group
  • Pacifica Enterprises
  • H. E. Mohammed Ali Rashed Al-Abbar

CommonGrounds Workspace Overview

About CommonGrounds Workspace

CommonGrounds Workspace is a coworking company that offers flexible workspaces, including shared desks, private desks, offices, and full facilities, designed for both entrepreneurs and large enterprises. Founded around the 'workplace as a service' model, the company built out locations across multiple US states and courted large corporate tenants alongside individual members. CommonGrounds emphasizes scalable space design that can accommodate a single freelancer or an entire corporate team under one lease.


Founded

2016

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Sectors

CommonGrounds Workspace Funding History

CommonGrounds Workspace has raised a total of $140M across 2 funding rounds.

CommonGrounds Workspace's first fundraising round was a $100M Series A in January 2019. The most recent completed round was a $40M Series A in September 2019.

CommonGrounds Workspace funding rounds

CommonGrounds Workspace funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2019Series ADavidson Capital Group; Pacifica Enterprises$40M-
Jan 2019Series APacifica Enterprises (lead); Davidson Capital Group; H. E. Mohammed Ali Rashed Al-Abbar$100MCommonGrounds Workspace is a coworking space provider offering flexible workspaces including shared desks, private desks, offices, and full facilities tailored for both entrepreneurs and large enterprises. By early 2019, the company had tripled its footprint in Carlsbad, operated five locations across three states, and planned to open seven more, with ambitions to expand internationally into the 'workplace as a service' market, which represented less than 1% of office capacity at the time. CEO Jacob Bates, with prior experience managing real estate for companies like Nike and Cigna, emphasized designing scalable spaces that appeal to major corporations while accommodating individual users. In January 2019, CommonGrounds Workspace secured a $100M Series A funding round, described as the largest such investment in the industry, from investors including Davidson Capital Group (listed as Davidson Group), H.E. Mohammed Ali Rashed Al-Abbar (Mohamed Alabbar), and lead investor Pacifica Enterprises. A subsequent Series A - II round on September 12, 2019, raised $40M from the same investors plus undisclosed participants. The funding supported rapid domestic expansion and international growth plans, with examples of large clients leasing entire facilities, such as one in Denver, highlighting demand from corporations seeking flexible workspaces amid trends like remote work and urban space constraints. The company continued leasing activities post-funding, such as a 24,475 SF office lease in Burbank, CA.

Who has invested in CommonGrounds Workspace?

3 investors have backed CommonGrounds Workspace across its funding rounds, including Davidson Capital Group, Pacifica Enterprises and H. E. Mohammed Ali Rashed Al-Abbar.

Lead investors include Pacifica Enterprises.


CommonGrounds Workspace Investors

Investors in CommonGrounds Workspace by funding rounds participated
InvestorHQRoundsRoleFirst check
Davidson Capital GroupUnited StatesUnited States2ParticipantJan 2019

This data is available for Pro users. Sign up to see all 3 CommonGrounds Workspace investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

CommonGrounds Workspace Competitors

CommonGrounds Workspace competitors include listed companies like WillScot, IWG and Wework India Management, and private ones like ATLAS, Kr Space and WeWork China.

Public and private companies comparable to CommonGrounds Workspace
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ATLASChinaGuangzhouPrivate--$5B-
WillScotUnited StatesUnited StatesPublicly listed$2.3B$606M$3.3B3.1x
IWGSwitzerlandSwitzerlandPublicly listed$3.8B$487M$2.2B2.5x
Kr SpaceChinaBeijingPrivate--$1.3B-
WeWork ChinaChinaShanghaiPrivate$94M-$1B10.6x
Wework India ManagementIndiaIndiaPublicly listed$254M$165M$989M5.4x

CommonGrounds Workspace Public Comps

CommonGrounds Workspace is still privately-owned, but its public comps include WillScot, IWG, Wework India Management, Smartworks Coworking, Framery Group, Servcorp, Awfis Space Solutions, WOTSO Flexspace, Dev Accelerator and One Experience.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
WillScot$2.3B$606M3.1x3.1x11.7x7.6x
IWG$3.8B$487M2.6x2.5x20.1x16.9x
Wework India Management$254M$165M6.0x5.4x9.3x8.3x
Smartworks Coworking$187M$121M5.9x5.2x9.2x30.0x
Framery Group$256M$54M2.7x2.7x12.7x10.2x
Servcorp$249M$67M2.2x2.1x8.2x3.6x
Awfis Space Solutions$156M$62M2.2x2.0x5.6x5.4x
WOTSO Flexspace$35M$13M4.6x-12.0x-

This data is available for Pro users. Sign up to see all CommonGrounds Workspace competitors and their valuation data.

Start Free Trial

Common questions about CommonGrounds Workspace

When was CommonGrounds Workspace founded?CommonGrounds Workspace was founded in 2016.
Where is CommonGrounds Workspace headquartered?CommonGrounds Workspace is headquartered in United States.
Is CommonGrounds Workspace publicly listed?No, CommonGrounds Workspace is a private, VC-backed company.
How much funding has CommonGrounds Workspace raised?CommonGrounds Workspace has raised $140M across 2 funding rounds.
What was CommonGrounds Workspace's last funding round?CommonGrounds Workspace's last funding round was a $40M Series A in September 2019.
Who are CommonGrounds Workspace's investors?CommonGrounds Workspace's investors include Davidson Capital Group, Pacifica Enterprises and H. E. Mohammed Ali Rashed Al-Abbar.
Which companies are comparable to CommonGrounds Workspace?Companies comparable to CommonGrounds Workspace include ATLAS, WillScot, IWG, Kr Space, WeWork China and Wework India Management.

See companies similar to CommonGrounds Workspace

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial