Foley Advises BeerOrCoffee in $10M Series A Financing

02 December 2021 Media Contact: Jen Dilworth News

Foley & Lardner LLP recently advised BeerOrCoffee, a São Paulo-based flexible office marketplace, in its $10 million Series A round led by Kaszek. Valor Capital Group also participated in the round. This latest investment brings BeerOrCoffee’s total raised to approximately $13 million since its 2017 inception. 

BeerOrCoffee is a B2B marketplace of workspaces on-demand providing hybrid work solutions for companies. It offers over 1,100 shared workspaces in 160 Brazilian cities on its marketplace, including WeWork, Selina, and Impact Hub. The company’s flagship offering, OfficePass, serves as a corporate benefit. It is an office subscription that gives employees access to a distributed network of office spaces, with the employer paying only for the actual use of the space through a Payment-as-a-Service (PaaS) model.

The pandemic has contributed to the company’s growth as the world has seen an increasingly distributed workforce, and that demand has continued. In the third quarter of 2021, BeerOrCoffee said the number of bookings made on its marketplace grew 243 percent compared to the previous quarter. 

The Foley team was led by Partner André Thiollier and included Associate Alexander Ravski.