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Announced

Completed

PSP Partners led a $102m Series D funding round in OpenSpace.

Financials

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Transaction Value£76m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

AI technology

Private

United States

Friendly

Acquisition

Private Equity

Minority

Real Estate Services

Cross Border

Venture Capital

Single Bidder

Synopsis

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PSP Partners led a $102m Series D funding round in OpenSpace, an AI technology company, with participation from BlackRock, Alpaca, Fischer Homes, Harmonic Growth Partners, Mirae Asset, Sino Group, Alkeon Capital Management, GreenPoint Partners, JLL Spark, Lux Capital, Menlo Ventures, Navitas Capital, Nine Four Ventures and Taronga Ventures. "Builders have an incredibly important, incredibly difficult job—our goal is to make their lives easier and more efficient. We do so with technology that augments and supports their work. The strong adoption we've seen from the industry shows the desire for this technology, and we're pleased to partner with investors who recognize and support our mission to meet that demand. We're looking forward to continuing to scale our platform to best serve the needs of builders across industries, around the world," Jeevan Kalanithi, OpenSpace CEO and Co-Founder.

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