LiquidSpace Secures Additional $1.3 Million In Series B Funding

       LiquidSpace Secures Additional $1.3 Million In Series B Funding

PR Newswire

SAN FRANCISCO, May 9, 2013

SAN FRANCISCO, May 9, 2013 /PRNewswire/ --LiquidSpace, the web and mobile
platform that helps everyone find on-demand office and meeting space, today
announced it has raised a follow-on of $1.3 million to the $6 million Series B
funding raised earlier this year. The funding comes from two new strategic
investors – Steelcase and CBRE Group, Inc., global leaders in workplace
strategy and commercial real estate.

As companies increasingly reevaluate their workplace strategies, demand for
LiquidSpace's enterprise solutions continues to grow. LiquidSpace is helping
large enterprises turn underused real estate into a collaborative asset with a
simple internal reservation solution, while simultaneously allowing their
employees to tap into the most diverse network of on-demand publicly available
work and meeting spaces. LiquidSpace enterprise customers are then using the
rich data set generated to make smarter workplace decisions based on real
utilization data.

"We are thrilled to have the support of Steelcase, the global leader in the
office furniture industry and CBRE, the world's largest commercial real estate
services and investment firm (in terms of 2012 revenue), as we work with
Fortune 500 companies to provide a clean, simple solution for evolving their
real estate portfolio and workplace strategy," said Mark Gilbreath, founder
and CEO of LiquidSpace. "We look forward to leveraging their insights and
experience to advance a demand-driven model that reduces costs for companies
and provides employees with more choices and reliable workspace options."

CBRE is the world's largest commercial real estate services and investment
firm, serving real estate owners, investors and occupiers through more than
300 offices worldwide.

Steelcase is the global leader in the office furnishings, products and
services industry.For over 100 years, Steelcase has been bringinghuman
insight to business by studying how people work, wherever they work.

"Many of our biggest customers are undertaking a real estate transformation
and our investment in LiquidSpace reflects how critically important alternate
space isto enable this change," said Sara Armbruster, VP Corporate Strategy
and WorkSpace Futures at Steelcase. "We look forward to sharing our insights
into workplace evolution with the LiquidSpace team as it continues to evolve
its platform."

In January 2013, LiquidSpace raised $6 million in Series B funding led by The
GPT Group (ASX:GPT), a top real estate trust (REIT) with participation from
existing investors Shasta Ventures, Floodgate Fund and Greylock Capital. Prior
to the Series B, LiquidSpace raised $1.3 million in a seed round led by Reid
Hoffman of the Greylock Discovery Fund and Mike Maples of FloodGate, followed
in May 2011, by a $3.785 million Series A round led by Shasta Ventures. The
company's total funding to date is $12.385 million.

LiquidSpace has facilitated over 200,000 reservations across its network of
over 2,000 private and public workspaces in 250 cities nationwide. The company
is rapidly fueling expansion of its service through initiatives with corporate
partners to serve the needs of mobile business workers. LiquidSpace will
continue to drive innovation for both professionals and enterprises through
its growing marketplace and enterprise services.

About LiquidSpace
Founded in 2010 and based in San Francisco, LiquidSpace is a real-time
marketplace that enables anyone to find and book a space to work or meet by
the hour or day. LiquidSpace serves two sets of customers: modern
professionals who use the platform to book office or meeting space instantly
and companies who use LiquidSpace to manage their workforce's workspace needs
both internally and externally. Whether a coworking venue, business center,
hotel lobby, library or private office, LiquidSpace helps business people
find, book, and share over 2,000 great workspaces and meeting rooms in over
250 cities across the US. For more information, visit:

SOURCE LiquidSpace

Contact: Audrey Shedivy, 310-770-0610,
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