# extraSlice Inc.

Office Space Simplified

## Elevator pitch
We make office space leasing and operations seamless, rapid, and flexible for technology companies.

- Canonical URL: https://wefunder.com/extraslice
- Entity ID: wefunder:company:85105
- Last updated: 2026-06-17T05:02:06Z
- Generated at: 2026-06-17T13:20:49Z

## Quick facts
- TEST PAGE - NOT ACTUAL LIVE CAMPAIGN
- .

## Active fundraises
- wefunder:fundraise:44986: 4(a)(6) successful (USD)
- wefunder:fundraise:44987: 4(a)(6) successful (USD)

## Story
extraSlice is like Amazon for business office space. Instead of individuals, we cater to companies, especially enterprise and emerging ones. Our platform lets businesses take control of leasing office space from start to finish. We make landlords, vendors, and service providers compete to provide an all-inclusive office space solution. We're transforming the way companies find and manage office space in today's world of flexible work arrangements and multiple office locations.

## FAQ
1. **Hello, I see in 2019 you did $2.2M revenue $0 profit, and in 2020 it went downhill to $967K revenue and $400K loss. 1) Please why is that? 2) How will your numbers for 2021 most likely look like to the best of your knowledge? Thank you, V.**
   - Hi Vilem, Early numbers show that our Dec 12 month run rate revenue(ARR) of ~1.8M with 2021 revenue of ~1.4M (Our accountant is still working on 2021 books). We continued to grow despite the Delta and Omicron impact in the second half of 2021. We are expecting the same trending. Like to share the exciting news that we are having a good start in 2022 and have closed total contracts worth more than $750K in the last couple of weeks. -Meghana Subramanian
2. **Hi Meghana and Binu. Some questions, please. (1) "Our goal is to release extraSlice's CRE web platform to simplify the end to end office leasing process by Q1 2022". So looks like the platform is still in development and at first will only support the CRE model. When do you an...**
   - Shardul, these are all excellent questions and please find the answers below. Thank you for taking the time to know extraslice and its potential. (1)Hi Meghana and Binu. Some questions, please. "Our goal is to release extraSlice's CRE web platform to simplify the end to end office leasing process by Q1 2022". So looks like the platform is still in development and at first will only support the CRE model. When do you anticipate having the necessary features to support the full service marketpl...
3. **Hello Meghana/Binu, I see you have answered most questions quite brilliantly. However I would love to discuss further, first having a more detailed look at your financials including projections especially for the industry you're in and also about alternative funding opportunit...**
   - Thank you, Richard. We are currently focused in finishing this round under REG CF. Will be in touch with you soon. - Meghana Subramanian
4. **how does the revenue share work?**
   - Landlords( direct or sublease) sign a management agreement with extraSlice to brand, market, sell, operate and manage a full serviced plug-n-play office business in their office space. extraSlice works to find and place client companies in that office space. After expenses, revenue is shared with the Landlords and they receive 70-80% of the revenue(depending on the amenities provided by the landlord), extraSlice keeps the balance. Businesses are looking for new distributed offices and demand ...
5. **Who are your competitors- wework? How are you different from them and are their other competitors doing this?**
   - Our biggest competition is traditional real estate leasing. Brokerage firms like CBRE, JLL, etc. control most of the client relationships today. Their process is inefficient, non-transparent and cumbersome with high transaction cost. Technology these brokerage firms are focused is on helping their current process and not focused on the tenant or landlord experience. Shared office providers like WeWork, Regus provide quick setup. However, this option is economical only when the team size is 15...

## Team
- Meghana And Binu . (Co-Founders)

## Q&A
- Q: how does the revenue share work?
  - A: Landlords( direct or sublease) sign a management agreement with extraSlice to brand, market, sell, operate and manage a full serviced plug-n-play office business in their office space. extraSlice works to find and place client companies in that office space. After expenses, revenue is shared with the Landlords and they receive 70-80% of the revenue(depending on the amenities provided by the landlord), extraSlice keeps the balance. Businesses are looking for new distributed offices and demand for plug-n-play offices is greater than leasing or subleasing, Landlords or lease holders start monetizing their office space faster than waiting months or years to sign a traditional lease tenant. Generally, once extraSlice fills 60% to 70% of the offices, Landlords start collecting more than the asking rate for a traditional lease agreement. We believe this model increasingly fits with many landlords. - Meghana Subramanian
- Q: Hi Meghana and Binu. Some questions, please. (1) "Our goal is to release extraSlice's CRE web platform to simplify the end to end office leasing process by Q1 2022". So looks like the platform is still in development and at first will only support the CRE model. When do you anticipate having the necessary features to support the full service marketplace model? (2) How much inventory will you have available on the platform at launch in Q1 2022? (3) Will the platform provide increased efficiencies and scale on the supply side than the traditional model? I'm trying to understand the impact on the economics, if any. (4) What is the plan to attract tenants (demand side)? (5) What does a "fully managed deal" mean? (6) Being a technology platform, I didn't see a CTO/head of engineering or CPO/head of product on your management team. Any plans to bring those on? (7) Do you have a head of marketing on the management team? (8) When you say you closed $1M worth of contracts, does that represent inventory or paying tenant contracts? Thank you for your time and consideration!
  - A: Shardul, these are all excellent questions and please find the answers below. Thank you for taking the time to know extraslice and its potential. (1)Hi Meghana and Binu. Some questions, please. "Our goal is to release extraSlice's CRE web platform to simplify the end to end office leasing process by Q1 2022". So looks like the platform is still in development and at first will only support the CRE model. When do you anticipate having the necessary features to support the full service marketplace model? (A)This is going to be a continuous feature development model we are following. Based on our current road map our first early access with minimal features is going to be at the end of Q1 and we plan to have 80% of features developed within a year from that. (2) How much inventory will you have available on the platform at launch in Q1 2022? (A)We will have a min of 50 independent office suites from the Greater Seattle region during this beta launch. However, we anticipate more inventory than that based on the current market conditions(demand). With controlled scaling, our current plan is to only add 2 more Metropolitan Statistical Areas inventory in 2022 based on the level of funding. Again, forward looking statements cannot be guaranteed. (3) Will the platform provide increased efficiencies and scale on the supply side than the traditional model? I'm trying to understand the impact on economics, if any. (A)Yes. The Platform's objective is to automate and simplify the traditional model. The platform is a demand-driven model where tenants can expertly self-direct their lease office search and acquisition, with built-in management of the office and future changes and moves. Doing so will transform traditional processes, including on the supply (landlord) side so more deals will get done faster than possible today. Economies of scale will definitely come into play especially on the services side as we aggregate the services demand. Another area of efficiency would be Tenant Improvements (TIs) which is usually a large upfront cost for landlords in the traditional model; with our intelligent tenant matching process it reduces drastically. In terms of our customer acquisition cost; we anticipate an increase first (~2x) as we scale up our marketing before it comes down due to economies of scale (4) What is the plan to attract tenants (demand side)? (A)Huge marketing efforts focused towards a) All office-based business execs in the greater Seattle area… 25-40% of which are likely considering some sort of return to the office in 2022 – 2023. Capture their requirements regardless of start date. b) Commercial Real Estate Brokers (emphasis on tenant reps). Also we will be scaling up our existing channels which work for us. Those are 1) direct reach, 2) Linkedin campaigns and 3) continue to work with tenant brokers. (5) What does a "fully managed deal" mean? (A)extraSlice is the outsourced provider of “everything” office (lease, services, internet, furniture, management., etc). Through our platform we offer three layouts initially- 1) warm shell - just the office as it is, 2 Standard Layout- office with basic infrastructure and services and 3) Premium Layout - office with more sqft person and premium infrastructure and services. Fully managed means the standard and premium layout options where the tenant is coming in a plug-nplay like setup. A fully managed deal is when we provide all services relating to management of the office space. (6) Being a technology platform, I didn't see a CTO/head of engineering or CPO/head of product on your management team. Any plans to bring those on? (A)As of now Binu is fulfilling most of that role with the help of a program manager who coordinates with UXdesigner and an outsourced development team. Like stated 35% of funds raised would be on platform development which includes onboarding a couple of strong tech leaders. (7) Do you have a head of marketing on the management team? (A)VP of Growth Scott Warner has decades of sales and marketing success in office real estate however a key immediate hire is for a Digital Marketing Director. However, after our next funding round(not current), we will be hiring a CMO. Interim initiatives will be outsourced (8) When you say you closed $1M worth of contracts, does that represent inventory or paying tenant contracts? Thank you for your time and consideration! (A)Paying Tenant Contracts. This is the total contract value of paying tenants with deals ranging from 2 to 3 years. Like to share the exciting news that we are having a good start in 2022 and have closed total contracts worth more than $750K in the last couple of weeks. 9. Hello, I see in 2019 you did $2.2M revenue $0 profit, and in 2020 it went downhill to $967K revenue and $400K loss. Please why is that? (A). In 2019 we were going strong and were planning on a platform model, then the pandemic and associated restrictions caught up. We were impacted hugely in the beginning of 2020 as the office usage went near zero globally. However we used that time to change into our new model and took three critical initiatives 1) provided customers the flexibility they wanted and created a loyal customer base, 2) renegotiated existing deals with landlords and brought them into a new model and 3) accelerated the platform model (even without the actual software platform). These key initiatives paid off and we started to gain customers from Q3 of 2020 onwards. The dip in revenue you are seeing is the effect of the pandemic and associated costs as we pivoted the business around with Q2 of 2020 being the worst. We are proud that we were able to turn the business around during that time and put the company back on growth. We are so thankful to our customers, landlords and service providers for believing in our vision and how this changing industry can be positioned for the benefit of all stakeholders. - Meghana Subramanian
- Q: Who are your competitors- wework? How are you different from them and are their other competitors doing this?
  - A: Our biggest competition is traditional real estate leasing. Brokerage firms like CBRE, JLL, etc. control most of the client relationships today. Their process is inefficient, non-transparent and cumbersome with high transaction cost. Technology these brokerage firms are focused is on helping their current process and not focused on the tenant or landlord experience. Shared office providers like WeWork, Regus provide quick setup. However, this option is economical only when the team size is 15 or less. It also compromises business culture and brand identity and is limited to big cities. Medium size and enterprise sized businesses like to have their own independent offices on their desired location rather than going to a shared work place. We understand businesses will be extremely agile, and employees will be widely distributed across the world. The need for quick setup offices will be the norm. It should be as simple as ordering something from Amazon. - Binu Reghunathan
- Q: Hello, I see in 2019 you did $2.2M revenue $0 profit, and in 2020 it went downhill to $967K revenue and $400K loss. 1) Please why is that? 2) How will your numbers for 2021 most likely look like to the best of your knowledge? Thank you, V.
  - A: Hi Vilem, Early numbers show that our Dec 12 month run rate revenue(ARR) of ~1.8M with 2021 revenue of ~1.4M (Our accountant is still working on 2021 books). We continued to grow despite the Delta and Omicron impact in the second half of 2021. We are expecting the same trending. Like to share the exciting news that we are having a good start in 2022 and have closed total contracts worth more than $750K in the last couple of weeks. -Meghana Subramanian
- Q: Did anyone get any update from either founder or company?
  - A: We noticed your question about updates from us or the company. We want to reassure you that we're working hard on some exciting things. Our last update was on Mon, Mar 13, and we're gearing up to share a new update by the end of September. We appreciate your support and promise to keep you in the loop. Thanks for being patient and believing in us. More updates coming your way soon! - Meghana
- Q: The last update was more than a year ago, when the next one?
  - A: Hi Mirko, Our last update was on Mon, Mar 13(by email to all investors on file), and we're gearing up to share a new update by email by the end of September. We appreciate your support and promise to keep investors in the loop. Can Thanks for being patient and believing in us. More updates coming your way soon! - Meghana Subramanian
- Q: HI, Do you also offer maintenance and management of the property ?
  - A: Stan, we provide one touch point experience for our tenants. That is maintenance issues or office management issues are reported to us by our tenants and we coordinate them through the building managers and other vendors. We do not provide property management as a service at this point Thank you for asking the question
- Q: Hi there how will investors make money
  - A: Hello Scott, thank you for your questions. We are a growth focused startup like most of other startups. We are building a company that is going to be the market leader in office space and the way people work in the future. Our vision is we are going to be like Amazon for commercial real estate. What Amazon did to the Retail industry, we hope to do to commercial real estate. Even though our dream is to go IPO, exiting is not our immediate focus, although there will be plenty of options in terms mergers and acquisitions (either real estate firms or tech companies) once we reach the market leader in this industry. Let us know if you have any followup or other questions. - Regards, Binu Reghunathan
- Q: What is your dividend policy?
  - A: Elric, thank you for your question. We are an early stage startup and like any other startups we do not anticipate any dividend distribution in the immediate future. Instead the company will be focused on growth and any profit generated during this period would be used for growing the business, -Binu Reghunathan
- Q: Hello Meghana/Binu, I see you have answered most questions quite brilliantly. However I would love to discuss further, first having a more detailed look at your financials including projections especially for the industry you're in and also about alternative funding opportunities available at our company if we are satisfied. You can drop me an email at richard@700capital.com, then we can start looking at financing your target. Thanks.
  - A: Thank you, Richard. We are currently focused in finishing this round under REG CF. Will be in touch with you soon. - Meghana Subramanian