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§ Private Profile · San Francisco, CA, USA
Information regarding this organization's specific type, offerings, target market, and operational focus is currently unavailable.
Desk has raised $6.0M across 2 funding rounds.
Key people at Desk.
Desk has raised $6.0M in total across 2 funding rounds.
Desk is a privately held organization operating in an undisclosed industry, with its primary business activities and headquarters location currently unverified in public records. The company maintains a highly confidential operational profile, meaning specific financial metrics such as total funding raised, current valuation, and exact employee headcount remain unavailable to outside market observers. Furthermore, there are no publicly disclosed relationships with recognizable lead investors, institutional venture capital firms, enterprise customers, or strategic corporate partners at this stage of its development. Market intelligence platforms and regulatory filings currently lack the necessary documentation to determine the organization's core product offerings, underlying business model, or the specific technological infrastructure it utilizes. Consequently, the exact founding year and the identities of the original founders or current executive leadership team remain entirely undisclosed to the broader commercial market.
Desk has raised $6.0M across 2 funding rounds. Most recently, it raised $4.0M Desk.com - Series B in January 2011.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2011 | $4M Series B | — | Founder Collective, Foundry Group, Openview Venture Partners, Redpoint Ventures, Scale Venture Partners, Social Leverage, SoftBank Investment Advisers, True Ventures, Adam Wiggins, Kenny VAN Zant, Bullpen Capital, Index Ventures, Social Leverage LLC | Announced |
| Apr 1, 2010 | $2M Series A | True Ventures, Howard Lindzon | Social Leverage | Announced |
The VanEck Office and Commercial REIT ETF (DESK) is an exchange-traded fund launched by VanEck that provides concentrated exposure to U.S. office and commercial real estate investment trusts (REITs).[1][2][5] It tracks the MarketVector US Listed Office and Commercial REITs Index, focusing on REITs deriving at least 50% of revenues from office, industrial, or retail real estate sectors, offering investors access to properties like skyscrapers and office parks without direct ownership.[1][2][7] With an expense ratio of 0.50% and a dividend yield around 4.50%, DESK suits tactical bets on office recovery or long-term income portfolios.[2]
As of recent data, DESK trades near $38.72, with top holdings including Boston Properties (10.22%), Vornado Realty Trust (10.12%), and Kilroy Realty (8.11%), representing 66.2% of assets in real estate-focused securities.[2][4]
VanEck launched DESK on September 21, 2023, as part of its thematic ETF lineup targeting niche real estate segments amid evolving market dynamics.[5] VanEck, a veteran ETF provider, developed the fund to replicate the MarketVector US Listed Office and Commercial REITs Index, addressing investor interest in office and commercial REITs post-pandemic.[1][5][7] This marked a strategic expansion into specialized REIT exposure, building on VanEck's expertise in sector-specific products like those for broader real estate and commodities.[1]
The fund emerged during a period of REIT volatility, with office properties facing remote work challenges, yet poised for targeted recovery plays.[1][5]
DESK rides the trend of real estate digitization and data-driven investing, where ETFs democratize access to commercial property markets amid hybrid work shifts and urban revitalization.[1] Timing aligns with post-2023 office sector stabilization, as lower interest rates and return-to-office mandates boost REIT valuations—52-week range of $33.16-$47.50 reflects this volatility and upside.[2] Market forces like inflation-hedging demand for REIT dividends (attractive ~4.50% yield) and institutional interest in undervalued office assets favor DESK.[1][2]
It influences the ecosystem by enabling retail and institutional investors to efficiently track niche REIT performance, supporting liquidity in less-traded segments without direct property risks.[1][5]
DESK positions investors for office REIT rebound, potentially fueled by AI-driven demand for premium workspaces and e-commerce growth in industrial/retail. Upcoming trends like falling rates and urban density could lift performance, with Zacks tools signaling ETF timeliness.[2] Influence may grow if commercial real estate integrates more proptech analytics, evolving DESK from tactical tool to core holding—watch for expanded index eligibility or yield enhancements amid sector consolidation.[1][4] This ETF revives access to foundational real estate plays in a tech-transformed market.
Key people at Desk.
Desk has raised $6.0M in total across 2 funding rounds.
Desk's investors include Founder Collective, Foundry Group, Openview Venture Partners, Redpoint Ventures, Scale Venture Partners, Social Leverage, SoftBank Investment Advisers, True Ventures, Adam Wiggins, Kenny Van Zant, Bullpen Capital, Index Ventures.