BeerOrCoffee Lands Series A Round from Kaszek

BeerOrCoffee, a São Paulo-based flexible office marketplace, has raised $10 million in a Series A round led by Kaszek.

BeerOrCoffee lands series A round of investment from Kaszek and Valor Capital.

BeerOrCoffee’s total raised has reached about $13 million since its inception in 2017. Kees Koolen, the founder of Booking.com, led the startup’s seed round in 2018.

BeerOrCoffee describes itself as a B2B marketplace of workspaces on demand that aims at providing hybrid work solutions for companies. It offers over 1,100 shared workspaces in 160 Brazilian cities on its marketplace, including WeWork, Selina and Impact Hub.

The company’s flagship offering – OfficePass – works as a corporate benefit. It is an office subscription that gives employees access to a distributed network of office spaces, where the employer only pays for the actual use of the space through a payment as a service (PaaS) model. 

People can choose the closest space and book to use shared spaces, meeting rooms or private offices, according to Roberta Vasconcellos, CEO and co-founder of BeerOrCoffee. 

IFood, Banco Itaú, Banco Inter, Creditas, QuintoAndar, Stellantis, Sodexo, MRV, Mapfre and Movile are some of BeerOrCoffe’s clients. 

“On one hand we improve people’s work/life balance and productivity and on the other, we optimize companies’ costs and time with an as a service model and centralize all their workspace management in a single dashboard,” Roberta Vasconcellos told the press.

The pandemic, naturally, fueled the company’s growth as the world saw an increasingly distributed workforce. 

Demand in the third quarter of 2021 skyrocketed, with the number of bookings made on its marketplace increasing 243% compared to the previous quarter. 

Hernan Kazah, managing partner and co-founder of Kaszek, told the press that his firm has always been very impressed by the high-quality network of offices BeerOrCoffee was building and the great feedback they were getting from some of its portfolio companies.

As BeerOrCoffee lands its Series A, the company is poised to accelerate its growth substantially specialists told Beyond the Law.News.

The Esquires

Foley & Lardner LLP acted as U.S. legal counsel to BeerOrCoffee 

Silicon Valley partner, and Latin America specialist, Andre Thiollier represented BeerOrCoffee and led the firm’s deal team .

Foley is a US-based full service global law firm servicing its clients from over 25 offices around the globe.

BVA Advogados acted as Brazilian legal counsel to BeerOrCoffee with founding partner Felipe Barreto Veiga leading the firm’s deal team.  BVA Advogados is headquartered in São Paulo.

Wilson Sonsini acted as US legal counsel to Kaszek. The firm is headquartered in Palo Alto, California with offices in 16 cities around the world.

 KLA Advogados acted as Brazilian legal counsel to Kaszek. The firm is a full service Brazilian law firm with headquarters in São Paulo and offices in Brasilia.

Esquires & Advisors Detail In

Foley Advised BeerOrCoffee $10 Million Series A Round From Kaszek