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Bulgaria's OfficeRnD raises $10 mln in funding round led by US-based Runa Capital

Bulgaria's OfficeRnD raises $10 mln in funding round led by US-based Runa Capital Photo: OfficeRnD/All rights reserved.

SOFIA (Bulgaria), October 27 (SeeNews) - Bulgaria-registered software solutions provider OfficeRnD said it raised $10 million (8.6 million euro) in a funding round led by US-based venture capital firm Runa Capital and joined by UK's Flashpoint Venture Capital and Sofia-based LAUNCHub Ventures.

The company will use the funds to significantly advance its products, build new partnerships and expand its global footprint, it said in a statement published last week.

The investment will mainly be used for the expansion of OfficeRnD's Bulgarian team with specialists from all domains, and especially from the product management field. With the expansion of the team, OfficeRnD will aim to open new offices across many cities in Bulgaria, the company's co-founder and CEO Miroslav Miroslavov was quoted as saying in an article by local business news website The Recursive last week.

The main focus of the team will be to fuel the development of its recently launched OfficeRnD Hybrid product which allows corporate businesses to provide their employees with a more flexible and hybrid-office model of work, Miroslavov added.

With an almost entirely Bulgarian team of around 100 local and only 15 international employees, OfficeRnD will continue to keep its core leadership and development teams in Bulgaria. Alongside the expansion of the Bulgarian team, OfficeRnD will also hire more people in its offices in London, Australia, and the US, where its Atlanta-based team would double or triple its size, the CEO also said.

At the moment, OfficeRnD’s has customers in over 90 countries with the US accounting for 45% of the platform’s clients, followed by 15% in the UK, the EU and APAC, The Recursive said.

According to information on the company's LinkedIn profile, OfficeRnD helps flex space operators, landlords, property management companies and workplace teams manage flexible workspaces. The company's OfficeRnD Flex product is a specialised property management and tenant engagement platform for coworking and flex spaces as well as landlords, while OfficeRnD Hybrid is a workplace management solution that helps companies manage a flexible workplace environment.

Sofia-based OfficeRnD is a wholly-owned unit of UK-based OfficeRnD Ltd., according to data published in the Bulgarian commercial register.

California-headquartered Runa Capital is an international venture capital firm that invests in early-stage deep tech, B2B SaaS, fintech, ed-tech, and digital health start-ups.

($ = 0.86072 euro)