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- CommonGrounds Workspace
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2019 | Series A | Davidson Capital Group; Pacifica Enterprises | $40M | - |
| Jan 2019 | Series A | Pacifica Enterprises (lead); Davidson Capital Group; H. E. Mohammed Ali Rashed Al-Abbar | $100M | CommonGrounds 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jan 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 TrialCommonGrounds 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $5B | - | ||
| Publicly listed | $2.3B | $606M | $3.3B | 3.1x | ||
| Publicly listed | $3.8B | $487M | $2.2B | 2.5x | ||
| Private | - | - | $1.3B | - | ||
| Private | $94M | - | $1B | 10.6x | ||
| Publicly listed | $254M | $165M | $989M | 5.4x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.3B | $606M | 3.1x | 3.1x | 11.7x | 7.6x | |||
| $3.8B | $487M | 2.6x | 2.5x | 20.1x | 16.9x | |||
| $254M | $165M | 6.0x | 5.4x | 9.3x | 8.3x | |||
| $187M | $121M | 5.9x | 5.2x | 9.2x | 30.0x | |||
| $256M | $54M | 2.7x | 2.7x | 12.7x | 10.2x | |||
| $249M | $67M | 2.2x | 2.1x | 8.2x | 3.6x | |||
| $156M | $62M | 2.2x | 2.0x | 5.6x | 5.4x | |||
| $35M | $13M | 4.6x | - | 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. |
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