Disclosure certainty 4/5 debate potential 1/5

Davies: Office Exchange has raised roughly $950k total to date

Devin Davies · Is there room for another Breather? $800k raised on rolling $10m valuation Seed · May 21, 2022 · at 16:16

Devin Davies, founder and CEO of Office Exchange, breaks down total funding raised so far during an interview with Nathan Latka.

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“To date raise just under a million dollars, so about 950,000.”

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More from Devin Davies

Disclosure
Office Exchange charges a 9.5% guest fee and zero host fees
“So we take a simple 9.5% fee on the guest side of the fence. So when you actually complete a transaction on the platform, it's just a simple 9.5% fee. So once again, no cost to be on the platform.”
Devin Davies May 21, 2022 ▶ 13:44 Is there room for another Breather? $800k raised on rolling $10m valuation Seed
Disclosure
Office Exchange confirms current seed round valuation is around $10M
“Our evaluation is correct.”
Devin Davies May 21, 2022 ▶ 17:07 Is there room for another Breather? $800k raised on rolling $10m valuation Seed
Assertion Not checkable as stated
Davies: Office Exchange has 50 to 100 listings on platform
“So we've got about 50 to a hundred different listings on the platform currently, and we're growing.”
Devin Davies May 21, 2022 ▶ 2:32 Is there room for another Breather? $800k raised on rolling $10m valuation Seed
Disclosure
Davies: Office Exchange moved headquarters from Denver to Birmingham after funding
“So we're actually, we've moved our headquarters to Birmingham, Alabama from Denver. And so we, we've, the company was founded in Denver, Colorado, and then we moved the headquarters actually out to Birmingham after our VC backing.”
Devin Davies May 21, 2022 ▶ 8:46 Is there room for another Breather? $800k raised on rolling $10m valuation Seed
Disclosure
Office Exchange raised $140,000 pre-seed round in 2021
“In 2021, we raised about a 140,000 dollars initially from friends and family through our Initial pre-seed round.”
Devin Davies May 21, 2022 ▶ 15:40 Is there room for another Breather? $800k raised on rolling $10m valuation Seed
Disclosure
Office Exchange priced 2021 pre-seed round at $5M valuation
“So we chose to use a five million valuation at that pre-seed prior.”
Devin Davies May 21, 2022 ▶ 17:16 Is there room for another Breather? $800k raised on rolling $10m valuation Seed
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