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Okapi Venture Capital company logo
Venture Capital
okapivc.com

Investments

73

Portfolio Exits

7

Funds

5

About Okapi Venture Capital

Okapi Venture Capital, based in Laguna Beach, California, is a venture capital firm focused on seed and early stage investments primarily in the information technology and life science sectors. Geographically, Okapi prefers to invest in companies based in Southern California.

Headquarters Location

1590 South Coast Highway

Laguna Beach, California, 92651,

United States

949-715-5555

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Latest Okapi Venture Capital News

Occuspace Secures $3.6M in Seed Funding to Propel Expansion and Occupancy Monitoring Technology Innovation

Sep 13, 2023

Occuspace Secures $3.6M in Seed Funding to Propel Expansion and Occupancy Monitoring Technology Innovation News Provided By Share This Article Occuspace, the occupancy management solution Occuspace's innovative occupancy monitoring solution has the potential to revolutionize the way organizations approach space utilization and management. Occuspace’s highly accurate, frictionless, and low-cost solution explodes open the market possibilities for real estate planners, managers, and retailers.” — Jeff Bocan, Okapi Venture Capital LOS ANGELES, CA, UNITED STATES, August 24, 2023/ EINPresswire.com / -- Occuspace , the developer of easy-to-install and scalable occupancy management technology, today announced the successful closure of its recent seed funding round, securing a total of $3.6 million in investment. The funding round was led by Okapi Venture Capital and joined by Cove Fund, Shadow Ventures, and Hamilton Ventures. Occuspace’s innovative occupancy monitoring solution helps customers measure and optimize the use of their physical spaces to improve utilization, make informed operational decisions, reduce real estate costs, and enhance visitor experiences. This investment reflects the confidence these leading technology and proptech investment firms have in Occuspace's cutting-edge occupancy monitoring solution and the company's potential to revolutionize the way organizations approach space utilization and management. Offering a cost-effective price range and precise foot traffic data, Occuspace allows owners and operators of all types of properties to get more granular space utilization data for a whole building or specific floors and even office neighborhoods, in addition to consumer-facing data applications. “We are thrilled to back the Occuspace team and to help accelerate their efforts to transform the space utilization market. Occuspace’s highly accurate, frictionless, and low-cost solution explodes open the market possibilities, as the return on investment for real estate planners, managers, and retailers to manage and control their facilities like never before is extremely compelling and empowering,” said Jeff Bocan, partner at Okapi Venture Capital. With a key focus on speeding Occuspace’s growth in key channels, the infusion of capital will empower the company to enhance its business development efforts and further establish its market share with higher education customers that include UC San Diego, UCLA, Columbia University, Purdue University, Boston College, Baylor University, and dozens more. The company also plans to continue expanding into the corporate office, multifamily, travel, government, and retail verticals where its product-market fit has been established. “Since the inception of the company our mission has been to bring web analytics to the physical world, and this recent investment round will help accelerate our business reach into various sectors looking for scalable solutions to optimize space utilization,” said Nic Halverson, co-founder and CEO of Occuspace. “We are thrilled to have the support of Okapi Venture Capital, Cove Fund, Shadow Ventures, and Hamilton Ventures, whose investment has helped us to realize our potential to address the evolving spatial needs of modern businesses.” Occuspace's commitment to continuous technological advancement will be further fueled by this investment, enabling the company to develop and offer even more robust occupancy management and analytics solutions, such as daily visitor counts, dwell time, and new integrations into platforms that our customers are already using. "In a time where real estate usage is undergoing a once in a lifetime change, owners and occupiers alike are perplexed on space utilization,” said Matt Ohlman, CTO and general partner of Shadow Ventures. “We are excited that Occuspace is able to provide the market with unprecedented data, analytics, and insights to drive informed decision making and completely change the way real estate decisions are made." The seed funding round marks a pivotal moment in Occuspace's trajectory, signifying a bold step toward shaping the future of physical space intelligence and delivering cutting-edge solutions for building management. For more information about Occuspace and its occupancy monitoring solutions, please visit www.occuspace.io . About Occuspace Occuspace is the easiest and most affordable occupancy management solution. The privacy-friendly IoT occupancy tracking technology and consumer iOS and Android app, Waitz, allow institutions, property owners, and patrons to monitor crowd levels in a given space in real time. Occuspace customers leverage the power of occupancy data to effectively design and manage the use of physical spaces to improve operations and ultimately visitor experiences. occuspace.io About Okapi Venture Capital Founded in 2005, Okapi Venture Capital is a venture capital firm based in Newport Beach, California. The firm seeks to invest in companies operating in the enterprise and consumer technology sectors. okapivc.com About Cove Fund Cove Fund is a seed-stage venture capital fund that provides startup funding for promising new Southern California ventures. The fund invests in early-stage technology and life science companies that demonstrate the potential to address large markets with highly differentiated products and services, and that can achieve significant value-creating inflection points with their seed funding. covefund.com About Shadow Ventures Shadow Ventures is a thematic venture capital firm that invests in seed stage ConstructionTech and PropTech companies disrupting the built world. shadow.vc About Hamilton Ventures Hamilton Ventures is a proptech focused, strategic venture capital firm comprised of former real estate CXOs, entrepreneurs, and financiers. Today, real estate and technology are at an inflection point: AI, machine learning, data and analytics, and software-as-a-service are on the verge of wide deployment in real estate. Our mission is to deliver strategic advice and capital to proptech founders commercializing such technologies and help them succeed. Our organization includes investors with backgrounds from SitusAMC, CoStar, Stewart Title, Fannie Mae, Realogy, Freddie Mac, Access Point Financial, Goldman Sachs, Credit Suisse, the United States Congress, and others. hamiltonventures.io Cassie Dono

Okapi Venture Capital Investments

73 Investments

Okapi Venture Capital has made 73 investments. Their latest investment was in Occuspace as part of their Seed VC on August 8, 2023.

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Okapi Venture Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/24/2023

Seed VC

Occuspace

$3.6M

Yes

3

8/16/2023

Series A - II

Jurny

$2M

No

1

8/7/2023

Seed VC

Multiplayer

$3M

Yes

1

7/12/2023

Seed VC

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$99M

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10

12/7/2022

Seed VC

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$99M

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10

Date

8/24/2023

8/16/2023

8/7/2023

7/12/2023

12/7/2022

Round

Seed VC

Series A - II

Seed VC

Seed VC

Seed VC

Company

Occuspace

Jurny

Multiplayer

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Amount

$3.6M

$2M

$3M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

3

1

1

10

10

Okapi Venture Capital Portfolio Exits

7 Portfolio Exits

Okapi Venture Capital has 7 portfolio exits. Their latest portfolio exit was Welltok on October 07, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/7/2021

Acquired

$99M

4

9/26/2018

Acquired

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$99M

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10

10/6/2016

IPO

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$99M

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10

2/4/2016

Acquired

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$99M

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10

7/14/2015

Acquired

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$99M

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10

Date

10/7/2021

9/26/2018

10/6/2016

2/4/2016

7/14/2015

Exit

Acquired

Acquired

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

10

10

10

10

Okapi Venture Capital Fund History

5 Fund Histories

Okapi Venture Capital has 5 funds, including Okapi Ventures II LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/30/2013

Okapi Ventures II LP

Early-Stage Venture Capital

Closed

$20M

1

6/5/2006

Okapi Ventures I

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$99M

10

OV3

10

OV IV

10

Okapi Ventures III

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10

Closing Date

6/30/2013

6/5/2006

Fund

Okapi Ventures II LP

Okapi Ventures I

OV3

OV IV

Okapi Ventures III

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$20M

$99M

Sources

1

10

10

10

10

Okapi Venture Capital Team

3 Team Members

Okapi Venture Capital has 3 team members, including current Founder, Managing Director, Marc Averitt.

Name

Work History

Title

Status

Marc Averitt

Founder, Managing Director

Current

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Name

Marc Averitt

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Work History

Title

Founder, Managing Director

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Status

Current

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