In a series of blog posts under the theme “Movers and Shakers”, we will be sharing the success stories and milestones of our members. Read on to find out more about the companies that are transforming industries through constant innovation.
The Bulgarian capital Sofia ranks 19 in Europe by the stock of coworking spaces, according to the European Coworking Hotspot Index by Cushman & Wakefield. Meet one of the driving forces behind the local coworking ecosystem and one of the biggest names on the global market - the award-winning startup (this Tuesday the company was named Startup of the Year by the Central Startup Awards) and a Campus X member, OfficeRnD.
Started in 2015 by co-founders Miroslav Miroslavov and Miroslav Nedyalkov, OfficeRnD has set out on a mission to redefine how people work. The coworking management software helps flexible workspace operators manage and grow their business more efficiently by automating administrative tasks such as billing, bookings, and more, improving member experience and providing valuable insights on key business metrics.
Before launching their own company, Miroslavov and Nedyalkov have had extensive experience working for the software company Telerik, which was acquired by Progress in 2014. “I’m a software engineer and an entrepreneur. I love building products. I love architecture and workspaces. Most of all, I love optimizing things. With OfficeRnD, we managed to combine these all,” comments Miroslav Miroslavov.
He adds that Telerik's culture has always encouraged problem-solving, whereas stimulating the entrepreneurship spirit. At the time, they were facing difficulties with managing and optimizing the space, desks and other resources in the workspace they were using. This made them think about solutions that would make workspace management easier, flexible and frictionless. That's how OfficeRnD's founders came up with the idea of building a software system for managing dynamic or “agile” workspaces.
“Soon after, when we moved to London [in 2015 OfficeRnD took part in the London-based accelerator program Property Innovation Labs], we discovered the world of coworking and thought this workspace concept really resonates with us and our belief in a world where flexibility is the norm. So we decided to focus 100% on it.”
In the last four years, the company has established a global presence with offices in the UK, the US, New Zealand, and Bulgaria, and more than 1500 centers using the software. The company also secured $1.5M in funding and grew its team to over 50 teammates.
Conquering the coworking market
“The market is growing crazy fast”, as Miroslavov says.
According to him, OfficeRnD manages to distinguish itself through three key differentiators, which are rooted in the company's culture:
1) Excellent Support and Customer service;
2) User Experience;
3) Strong Engineering team.
Although the market is evolving now, it can be described as a still small one.
“The small market has lots of pros but also comes with big challenges, such as, if you screw up once, everyone will hear about it. Also, it’s hard to convince investors, as in a small (but super fast-growing) market it is hard to become a $1b company,” Miroslavov shares.
The power of the coworking community
We're proud to have OfficeRnD as one of the first members of the Campus X ecosystem. Here, we strive to be a unicorn factory - creating a tight-knit