Truss founder Bobby Goodman
Fresh off a $15 million funding round, commercial listings platform and brokerage Truss launched in Los Angeles, its 10th U.S. city.
Truss, which calls itself a more efficient way for prospective tenants to find commercial space, lists co-working, office, retail, and industrial locations. Truss operates much like Redfin — potential tenants can browse space online. When one is selected, a Truss agent will represent the tenant in the leasing process.
The firm closed a $15 million fundraising round with General Catalyst in January, bringing its total raise to $24 million. The company was founded in 2016 and is active in 10 U.S. office markets, including Chicago, Miami, Boston, and Austin.
A statement from Truss said that it is launching with listings for 1,900 office spaces and around 100 co-working locations totaling 9 million square feet of office space in the L.A. area, about 4.5 percent of the greater L.A. market.
WeWork, Industrious, and CommonGrounds are among the co-working and flexible office firms listing space on the platform. Those companies have been scooping up office space recently, a fight for dominance in the L.A. market.