Apr
24
2019
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Managed by Q launches a new task management feature for office managers

Managed by Q, the office management platform recently acquired by WeWork, has today announced the launch of Task Management.

The feature comes to Managed by Q by way of Hivy, a startup acquired by MBQ back in 2017, that focuses on connecting a company’s employees to the office manager that handles their requests.

Pre-Hivy, collecting requests and tracking projects across a large number of employees was a tedious, fragmented process. Hivy created a dashboard that organizes all those requests in a single place.

Since the acquisition, Managed by Q and Hivy have been working to integrate their respective platforms. Where Managed by Q connects office managers to the right vendor or MBQ operator to handle the job, the new Task Management system will connect office managers with the employees making the requests in the first place, essentially putting the entire pipeline in a single place.

Obviously, the path to full integration was a long one.

“What I think matters most,” said Hivy co-founder Pauline Tordeur, speaking about the process of intertwining two separate products, “is that we knew why we were doing this and what the future would look like when we integrate. Having this vision and outlook from the very beginning is important.”

The timing is interesting in that this is the first product announcement Managed by Q has made since it was acquired by WeWork.

“It’s hard to describe the feeling,” said Managed by Q co-founder and CEO Dan Teran of being acquired by The We Company. “There is a perception of WeWork from the outside, but since I’ve been spending a lot of time getting to learn the business firsthand, I think there is just so much potential.”

He noted that Managed by Q is indeed setting out to integrate with WeWork in a way that’s similar to the process Q just finished with Hivy.

“We set out to build the operating system for space, and one of the biggest things we missed is the space itself,” said Teran. “That’s actually the hardest part for most people. So now that becomes another ingredient we can deliver to our customers.”

Apr
03
2019
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WeWork acquires Managed by Q

Managed by Q, the office management platform based out of New York, has today been acquired by The We Company, formerly known as WeWork.

Financial terms were not disclosed. The WSJ reports that it was a cash and stock deal. Managed by Q, which has 500 employees, will remain as a wholly owned separate entity and CEO Dan Teran will remain following the acquisition to join WeWork leadership.

Upon its latest financing in January, Managed by Q was valued at $249 million, according to PitchBook.

Here’s what Teran had to say in a prepared statement:

We are excited for this incredible opportunity to deepen our commitment to realizing our ambitious vision of building an operating system for the built world. WeWork is uniquely positioned to invest in workplace technology and services, and I look forward to partnering with their team to build more robust products for our clients and create a global platform to help companies push the bounds on our collective potential.

Managed by Q was founded in 2014 with a plan to change the way that offices run. The platform allowed office managers and other decision-makers to handle supply stocking, cleaning, IT support and other non-work related tasks in the office by simply using the Managed by Q dashboard. Managed by Q serves the demand through a combination of in-house operators and third-party vendors and service providers.

Notably, Managed by Q took a different tack than most other logistics companies, employing their operators as W2 workers instead of 1099 contractors. Moreover, Managed by Q offered a stock option plan to operators that gives 5 percent of the company back to those employees.

The company has raised a total of $128.25 million since launch from investors such as GV, RRE and Kapor Capital. Managed by Q currently serves the markets of New York, San Francisco, Los Angeles, Chicago, Boston and Silicon Valley, with plans to aggressively expand following the acquisition, according to the WSJ.

Not only has Managed by Q swiftly matured into a big player in the NY tech scene and Future of Work space, but it has also fostered interesting competition and consolidation within the space. Managed by Q has itself made several acquisitions, including the purchase of NVS (an office space planning and project management service) and Hivy (an internal comms tool to let employees tell office managers what they need).

Jan
08
2019
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Managed by Q ends 2018 with a fresh $25 million in funding

Managed by Q, the office management platform that launched back in 2013, has today revealed that it raised an additional $25 million as a part of its Series C, led by existing investors RRE and Google Ventures, with participation from new investors DivCo West, Oxford Properties and others. The fresh capital brings the total round to $55 million.

Managed by Q launched as an all-encompassing platform for office management, offering IT support, supply inventory management, cleaning and equipment repair. Since, the company has added a full-fledged marketplace, allowing office managers to choose vendors for various needs around the office.

But for 2019, the company is focused on tools and services.

“We want to spend 2019 putting even greater focus on the tools used by our vendors and workplace management teams, like task management tools,” said co-founder and CEO Dan Teran . “We want to build the first set of collaboration tools for the workplace team, the same way that designers use InVision and engineers use GitHub and salespeople use Salesforce. Something purposely built for the workplace team.”

Teran described tools that would allow for employee requests, work orders, task management, inventory management and budgeting to all live on the same platform.

The company hasn’t shared much by way of revenue or customer growth, but Teran told TechCrunch that the marketplace business has been doubling since it launched and is on track to continue on that trajectory. He also wrote in a company blog post that Managed by Q’s top five vendor partners have done more than $1 million in business on the Managed by Q platform, and more than 30 partners will have earned over $100,000 on the platform in 2018.

The NY-based startup also brokered a partnership with Staples to provide office supplies to clients, and acquired Hivy and NVS to further fill out their office management suite of products.

Managed by Q has raised a total of $128.25 million, according to Crunchbase.

Jun
13
2018
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Managed By Q acquires NVS to offer space planning and project management

Managed by Q, the office management platform based out of NYC, today announced its acquisition of NVS.

Founded by Jason Havens in 2011, NVS is an office space planning and project management service, helping businesses plan their moves or office redesigns from start to finish. The company helps connect with a network of brokers, architects, interior designers, etc. and manage the project on behalf of their clients to ensure it stays on schedule and doesn’t end up costing more than expected.

For Managed by Q, NVS provides an added service layer for existing clients, and has the opportunity to bring new clients into the Managed by Q fold.

This marks Managed by Q’s second acquisition, as the company acquired task management software provider Hivy in September 2017.

Managed by Q, founded in 2014, has raised more than $70 million by providing software to help office managers do their job. From IT support to cleaning to office supplies, Managed by Q offers a centralized ‘operating system’ that connects office managers to various vendors and services.

The acquisition of NVS helps broaden Q’s product portfolio, while bringing in yet another revenue stream. NVS already has a proven record of success, serving more than 100 clients including big names like CBS Radio, the NBA Players Association, Glossier, Grovo, and Intent Media.

The terms of the deal were not disclosed, but Teran confirmed that the entire NVS team would be joining MBQ as part of the deal.

Sep
27
2017
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Eden raises $10 million Series A to build out its office management marketplace

 Eden, the office management and tech support platform, has today closed $10 million in Series A funding led by Spectrum 28, with participation from Fifth Wall Ventures, Bessemer Venture Partners, Y Combinator Continuity Fund, Canvas Ventures, Comcast Ventures, Eniac Ventures and other existing investors. Eden started out as a tech support service for both businesses and consumers. The… Read More

Sep
26
2017
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Managed By Q, the office management system, acquires Hivy

 Managed by Q, the platform that helps office managers handle day-to-day operations, has made its first acquisition, picking up Y Combinator graduates Hivy for an undisclosed amount.
Managed By Q lets office managers book cleanings, handy work, IT help, and order office supplies thanks to a partnership with Staples. MBQ has raised upwards of $72 million and now serves New York, Chicago, San… Read More

Dec
16
2016
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Managed By Q lands $30 million in Series C funding

managedbyq1 Managed By Q, a service that automates office management, has raised $30 million in Series C funding, according to SEC filings.
Managed By Q started off as a NY-based platform that let office administrators more efficiently deal with the tedious housekeeping of an office, from cleanings to supplies to IT to handy work, all from the web.
From there, office managers and admins can schedule… Read More

Apr
27
2016
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Eden on-demand office management service launches in Oakland

eden Eden, the on-demand tech support company turned office support service, has today announced the launch of the platform in Oakland. That means that Eden’s service now covers all of the Bay Area, from Oakland to San Francisco to the Peninsula, including Palo Alto and Mountain View. Eden launched almost a year ago out of Y Combinator accelerator. Back then, Eden offered on-demand tech help… Read More

Apr
01
2016
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Managed By Q, the digital office administrator, raises $25 million

Screen Shot 2016-04-01 at 11.41.10 AM Less than a year after raising a hefty Series A, Managed By Q is today announcing the raise of a $25 million Series B round from GV and Kapor Ventures. Former TechCrunch writer MG Siegler is joining the board as part of the deal. Managed By Q is a service that handle all the extra responsibilities that come along with running an office. From re-stocking toilet paper and soap to office cleanings… Read More

Jun
18
2015
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Managed By Q Sweeps Up $15M Led By RRE Ventures, Expands To San Francisco

RnzmUZ-rZw3OJ8Ap_MiwXamIT1i3XoBYg3Otf7fvabI Managed By Q, the startup that handles all the cleaning, maintenance and re-stocking of your office, has today announced the close of a $15 million Series A funding round led by RRE Ventures. Greycroft Partners, Homebrew, Sherpa Ventures, SV Angel and Steadfast Financial also participated in the round, alongside Gary Vaynerchuk, Foursquare co-founder Naveen Selvadurai, Semil Shah, Jessica… Read More

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