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Tuesday, May 24, 2022

Office Lease Startup Expands in SoCal

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An office-leasing startup at incubator EvoNexus in Irvine is expanding its operations across Southern California.

TenantBase helps small businesses find and lease office space and will use its OC headquarters to expand into Los Angeles, San Diego and the Inland Empire, said chief executive Bennett Washabaugh. The move follows the recent migration of its management team to Irvine from Nashville.

TenantBase’s technology-driven brokerage model reaches what it calls an underserved market through automated transactions and access to real estate professionals via its website.

The company launched a new tenants’ website design last week that integrates a more efficient map and filtering structure and plans to launch a new dashboard for landlords on March 1 to help expedite leasing of office suites.

Washabaugh said that more than 260 companies have used TenantBase since its soft launch here in December.

It has raised $900,000 in seed funding, he said, and will start a Series A venture capital round in March to fund the early part of the expansion.

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