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In 2017, Managed by Q launched a marketplace platform accessible by customers and workers which expanded their services to include IT support, inventory management, administrative staffing, and security, along with standard cleaning and maintenance.<ref name=fortune1 />
In 2017, Managed by Q launched a marketplace platform accessible by customers and workers which expanded their services to include IT support, inventory management, administrative staffing, and security, along with standard cleaning and maintenance.<ref name=fortune1 />

In 2018, Managed by Q launched in Boston.<ref name=builtinboston1>{{cite web|url=https://www.builtinboston.com/2018/01/011/boston-tech-roundup-011118|title=Tech roundup: Managed by Q launches in Boston, Agero acquires Swoop and more|website=Built In Boston}}</ref>


In January 2019, Managed by Q announced they had raised an additional $55 million as part of their Series C funding round.<ref name=techcrunch1 /><ref name=bizjournal1>{{cite web|url=https://www.bizjournals.com/newyork/news/2019/01/09/google-ventures-rre-raise-additional-capital-for.html|title=Google Ventures, RRE raise additional capital for Managed By Q|website=New York Business Journal}}</ref> Investors included GV once again as well as RRE.
In January 2019, Managed by Q announced they had raised an additional $55 million as part of their Series C funding round.<ref name=techcrunch1 /><ref name=bizjournal1>{{cite web|url=https://www.bizjournals.com/newyork/news/2019/01/09/google-ventures-rre-raise-additional-capital-for.html|title=Google Ventures, RRE raise additional capital for Managed By Q|website=New York Business Journal}}</ref> Investors included GV once again as well as RRE.

Revision as of 19:24, 3 April 2019

Managed by Q is an office management platform company based out of New York City. The company was founded in 2014 by CEO Dan Teran as a management platform including vendors for cleaning and maintenance services.[1][2] In 2017 the company launched their marketplace which expanded their services to include IT support, inventory management, administrative staffing, and security.[3]

Managed by Q operates out of New York City, Chicago, San Francisco, Los Angeles, and Boston.[4]

History

Managed by Q launched out of beta in New York City in 2015, expanding to Chicago.[5] Later in 2015, the company raised $15 million in Series A funding and expanded to San Francisco.[6] The round was led by RRE Ventures; other investors included entrepreneurs Gary Vaynerchuk and Fabrice Grinda, American actress Jessica Alba, and former NBA commissioner David Stern.[7]

In 2016, the company raised $25 million in funding.[4] Investors included Google Ventures (GV) and Kapor Capital. Following another fundraising round that increased to $30 million, M. G. Siegler of GV joined Managed by Q's board.[4] Later in 2016, the company partnered with office supply retailer Staples Inc.[8] Also that year, the company expanded to Chicago, San Francisco, and Los Angeles.[9]

MIT Sloan conducted a case study in 2016 on Managed by Q's growth strategies.[10] The study identified growth strategies employed by the company that were comparable to elements in "The Good Jobs Strategy", a book written by MIT Adjuct Associate Professor Zeynep Ton.[10] The book's thesis argues that "when a company deploys its workforce in smart ways, its workers can be a driver of profit rather than a driver of cost."[10]

In 2017, Managed by Q launched a marketplace platform accessible by customers and workers which expanded their services to include IT support, inventory management, administrative staffing, and security, along with standard cleaning and maintenance.[3]

In 2018, Managed by Q launched in Boston.[11]

In January 2019, Managed by Q announced they had raised an additional $55 million as part of their Series C funding round.[1][12] Investors included GV once again as well as RRE.

References

  1. ^ a b "Managed by Q ends 2018 with a fresh $25 million in funding". Tech Crunch.
  2. ^ "Managed by Q's "good jobs strategy" is paying off for workers—and the company". QZ.
  3. ^ a b "Managed by Q Launches Self-Serve Marketplace To Ramp Up Growth". Fortune.
  4. ^ a b c "Managed by Q, an On-Demand Start-Up, Raises $25 Million". New York Times.
  5. ^ "Managed By Q Launches Out Of Beta In NY, Expands To Chicago". Tech Crunch.
  6. ^ "Managed By Q Sweeps Up $15M Led By RRE Ventures, Expands To San Francisco". Tech Crunch.
  7. ^ "Managed By Q lands $30 million in Series C funding". Tech Crunch.
  8. ^ "Managed By Q inks deal with Staples". Tech Crunch.
  9. ^ "Managed by Q brings its 'smart' office management service to Los Angeles". Venture Beat.
  10. ^ a b c "New case study examines good jobs and growth at Managed by Q". MIT Sloan.
  11. ^ "Tech roundup: Managed by Q launches in Boston, Agero acquires Swoop and more". Built In Boston.
  12. ^ "Google Ventures, RRE raise additional capital for Managed By Q". New York Business Journal.