Why We Are Investing In Inspace

We’ve profiled nearly 200 startups to date here at Storied. Some of which have gone on to raise capital from firms like Andreessen Horowitz, Pillar, Greylock and more. 

We’re excited to announce that we’ll be leading our second deal… and you can invest as little as $100 with us (quick reminder on what it means to lead an equity crowdfunding deal).

Here’s why we’re investing in inspace.

The Problem, Why Now?

As we all know, companies worldwide have suddenly had to pivot, focusing their efforts to shift to a fully virtual office model. Having a return-to-office strategy is essential, and inspace helps with a smooth transition. Embracing a hybrid work model allows employees to find and book workspaces on their terms.

The hybrid workplace model bridges the gap between remote and office work. In a recent report out of Accenture, 83% of 9,326 workers surveyed say they prefer a hybrid model — in which they can work remotely at least 25% of the time. With a percentage of your workforce in-office and others working remotely, offices need to transform their space for a better employee experience.

What The Company Does

Inspace helps organizations navigate the new normal of working by providing an easy-to-use app and return-to-office tools that ensure the safety and care of employees.

With the inspace app, admins can control which employees have access to specific desks and rooms. Employees coming into the office can then navigate which spaces have already been used and which are available.

Business Model

Inspace offers three pricing plans:

Competitive Landscape

Inspace is the world’s first touch-free booking system with an easy to install and use app. One of inspace’s biggest differentiators is its rapid client onboarding process, which can take as little as one day to get fully set up.

Traction

Inspace’s annual recurring revenue (ARR) is hovering around $1 million. Meanwhile, the company’s pipeline includes over 3,800 companies in insurance, banking, consulting, FMCG, retail, real estate, with LOI’s for 139,000 devices in 2021.

What’s Next?

The Team

The founding team is well equipped to tackle this market opportunity. Inspace was founded by Elena Beloshapkova, who was named a Business Woman of the Year by Ernst & Young in 2019. Elena has nearly a decade of experience running an innovative office furniture solution company, which she founded. Clients included large firms such as Alibaba, WeWork, SAP, Cisco, and Phillip Morris. Elena is on a mission to disrupt the future of work.

How You Can Invest

Check out inspace’s Wefunder campaign to invest with us. Inspace is raising at a $12.5 million valuation cap, but there’s an “early bird” discount available to the first investors with a valuation cap of $11.5 million.

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