Truss, a digital Commercial Real Estate platform that helps companies find and contract office space, has announced the close of a new $15M funding round. The funding round was led by General Catalyst, whose investments include Airbnb, Snapchat, Venmo, Kayak, and HubSpot. Other backers in the round include returning investors Navitas Capital, Hyde Park Ventures Partners and Hyde Park Angels. This is HPVP’s third investment in Truss, a Fund II portfolio company.
Truss launched in 2016 to assist small and medium sized tenants in their search for commercial, industrial, retail, or co-working spaces. Users can consult with Vera, an AI-powered virtual assistant, who streamlines the entire process of finding an office space from initial browsing to final lease signing. While we’re excited to be investing in another round with Truss, we are also customers! HPVP recently found its new office using Truss.
In the last year, Truss has grown an order of magnitude in size, expanded into 5 new cities, and recruited 850+ inventory suppliers. This round of funding will help fuel the company’s expanding customer base and momentum into new cities.