Coppell, Texas-based Varidesk is the lead investor in a new corporate funding round for Common Desk, the 7-year-old Dallas-based coworking company with multiple locations in Dallas-Fort Worth and Austin.
The amount of the investment was not disclosed. The two companies have collaborated before.
Varidesk—known for its standing desks—is one of the nation’s fastest-growing office furniture and equipment companies. It’s building a new office campus called VariSpace in Las Colinas that includes flexible workspaces and a WiFi-connected walking trail.
Earlier this year, Common Desk announced its app, “Ellum,” that allows users to book conference rooms, order coffee, RSVP to events, among other things. Common Desk is now seeking funding to fuel further growth.
Varidesk CEO and co-founder Jason McCann said there’s a lot of synergy between the two companies.
“We love the entrepreneurial spirit and growth coming from Common Desk,” McCann said in a statement. “One of our guiding principles is to ‘find a better way’—it’s how we perfected our signature standing desk product, expanded to offering a full suite office furniture, and now provide space-as-a-service to enterprises tenants with VariSpace. And that’s also why Common Desk has grown.”
“There’s a lot of synergy between our two companies as we both seek to create elevated workspaces—especially with their hospitality technology and space management capabilities. I’m looking forward to what’s ahead as we continue to grow and disrupt,” McCann said.
Common Desk, which started in Deep Ellum, said the funding will be used for expansion into new markets and continued development of technology to support its coworking operations.
“We’re excited to use these funds to continue the development of our brands and to double down on the experience we are delivering within our spaces,” Nick Clark, Common Desk’s CEO, told The Dallas Morning News.
The DMN said that Common Desk plans to launch another investment fund. Common Desk currently has shared office centers in downtown Dallas, Oak Cliff, Addison, Plano, Fort Worth, and Austin.