Occuspace: $6 Million Secured For Space Utilization Technology

By Amit Chowdhry • Mar 17, 2025

Real estate is known as the most significant and oldest asset class in the world, and one too often, which is being managed without data. And the inefficiency is notable, with an estimated 1 billion square feet of wasted space in the U.S. alone. By providing data on how property is used, Occuspace helps clients create smarter buildings that increase efficiency, reduce environmental footprints, and improve user experience.

Since launching from a university technology competition in 2017, Occuspace has grown into the number one occupancy intelligence platform for the built environment. The company now works with dozens of Fortune 500 companies and over 100 colleges and universities.

KEY QUOTES:

“Simple and elegant in design and function, Occuspace is the only space utilization technology that is truly scalable for the massive real estate sector. I’m so proud of the work our team has done to get us here. Raising Series A financing will accelerate our growth across one of the largest asset classes in the world. Our vision is to make space utilization data the source of truth for understanding and managing the built environment.”

  • Nic Halverson, Co-founder and CEO at Occuspace

“Occuspace is transforming the way real estate decision makers access and utilize key data about how physical space is being used. Their growth is a testament to increasing demand for information as organizations globally strive to make the most efficient use of their real estate footprints. We’re thrilled to partner with Occuspace as they scale and disrupt the market.”

  • Michael Rockhold, Principal at Lewis & Clark Ventures

“Occuspace has developed the most accurate and frictionless occupancy sensing technology available, solving a critical challenge for real estate stakeholders. Their ability to deliver real-time, high-fidelity data without costly installations—while maintaining a privacy-first approach—truly sets them apart in the market. We’re excited to continue our support of Occuspace as they define the future of space utilization, providing the insights businesses, universities, and governments need to navigate one of the most profound shifts in real estate dynamics in modern history.”

  • Matt Ohlman, General Partner at Shadow Ventures

“Understanding space at scale is the future of the built environment. We’re proud to have designed a 100% anonymous technology that instantly deploys across a single office or an entire portfolio—delivering real-time, AI-driven intelligence without costly infrastructure changes.”

  • Linus Grasel, Co-Founder and Chief Information Officer at Occuspace

“In public and private sectors, facility managers are managing buildings without really knowing much about how they are being used. It’s a challenge of enormous scale, and one that we can solve with smart data and analytics.”

  • Nick Rau, Chief Technology Officer at Occuspace