Codi Company Market Research Report

Company Overview

• Name: Codi

• Mission: Provide move-in-ready private workspaces as an alternative to traditional long-term office leases and co-working spaces.

• Founded: No specific founding date available.

• Founder(s): Founded by Christelle Rohaut.

• Key People: Christelle Rohaut, CEO

• Headquarters: San Francisco, California

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Providing fully serviced, scalable private offices with flexible lease terms and a focus on operational agility.

Products and Services

Core Offerings:

1. Fully Serviced Offices

• Description: Codi provides private, move-in-ready office spaces that are fully furnished and managed.

• Key Features:

• Flexible leases starting from only 6 months

• Fully furnished offices with ergonomic workstations, lounges, and more

• High-speed WiFi and networking equipment

• Beverages including tea, coffee, and sparkling water

• Weekly cleaning and supply management

• Includes rent, maintenance, and office management services

2. Hybrid Office Solution

• Description: Developed for companies adopting a hybrid work model, combining private offices with shared amenities and costs.

• Key Features:

• Shared costs

• Premium amenities

• Adaptable to fluctuating workspace requirements

3. Offsite Services

• Description: Provides services for organizing corporate retreats and team building activities.

• Key Features:

• Full-service event planning and execution

• Seamless integration with provided office spaces

Recent Developments

• Expansion to Los Angeles:

• Codi has expanded its operations to Los Angeles, serving the startup and media production communities with 36 new flex office listings across the city, totaling nearly 92,000 square feet. This represents a significant operational increase in this region.

• Investment Round:

• Codi secured $16 million in an investment round led by Andreessen Horowitz, underscoring confidence in its business model and potential for growth.

• Product Innovations:

• Codi has launched a program utilizing unused commercial spaces for full-service corporate off-sites, increasing utilization and value derived from office space offerings.

• Recognition and Awards:

• Christelle Rohaut was an honoree on Forbes 30 Under 30 in 2021.

• Received honorable mention in Fast Company’s World Changing Ideas Awards 2021 in the category of Spaces, Places, and Cities.

• Media Features:

• Codi's unique offering as an alternative to WeWork and traditional co-working is highlighted in various media outlets, focusing on its ability to offer private dedicated office spaces.

Summary

Codi distinguishes itself in the flexible workspace market by offering private, fully serviced office spaces without engaging in long-term leases typical of traditional office solutions and co-working spaces. The company has achieved a notable expansion across major U.S. cities including Los Angeles, and its business model aligns with the current trend towards hybrid working environments. Codi continues to innovate with programs that maximize the use of commercial spaces for corporate off-sites, supported by significant investment backing from heavyweight investors like Andreessen Horowitz.