Cologne office space rental startup ShareDnC has acquired its Berlin-based competitor optionspace. The figures for the deal have not been disclosed.
Both startups provide platforms for subletting office spaces. Through the acquisition deal, ShareDnC hopes to expand its presence across the German market. It currently operates in 100 cities.
“It was an asset deal with focus on the technology developed by optionspace but we have also [acquired[ domains and brand. Domains will be forwarded to sharednc.com and at this point in time we do not plan to use the brand in the future. In addition, optionspace has recommended its users to switch to shareDnC,” Philipp Hartje, cofounder of ShareDnC, told tech.eu in an email. The founders of optionspace will not be joining ShareDnC.
ShareDnC closed a seven-figure investment round in September 2017 from several new investors, including backers from the real estate and construction industries. optionspace meanwhile raised a seed round last year from Makers and venture capital firm Vito. Neither company disclosed the figures for these rounds.