Anthony Bolante - PSBJ
K2 Software has moved into a new headquarters in Bellevue's Bellefield Office Park.
The 500-person company has 150 employees in the Seattle area and room to grow.
The new office totals nearly 30,000 square feet, big enough space for as many as 200 employees based on the industry standard of 150 to 175 square feet per employee.
K2 helps companies build business applications, offering IT departments a platform to develop apps without writing code. The fast-growing company planned to relaunch its core product as a cloud-first service this month.
K2 has raised more than $150 million, according to venture captial database Crunchbase, mostly from California-based Francisco Partners, which invest[ed] more than $100 million in a February 2015 Series C round.
K2 is headed toward an IPO. The company's Wall Street debut was delayed by the massive round of cash, van Wyk told the Business Journal in 2015, but he said he'd aim for a public offering in two to three years.
The company has not disclosed 2016 revenue, but reported between $60 million to $70 million in revenue in the 12 months leading up to that 2015 funding round.
K2 was founded in South Africa but moved to Bellevue, partly to be closer to Microsoft and partly because CEO and co-founder Adriaan van Wyk met his wife in a T-Mobile store in the area.
K2 hired design firm MBI Seattle and Seattle furniture manufacturer Creo Works to create the new space.
Puget Sound Business Journal:
Ashley Stewart — Staff Writer
K2 Media Contact:
Andy Tolton, Sr. Communications Manager — email@example.com; 425.214.4483