Greymatter.io CEO Christopher Holmes is optimistic about his company’s ability to hire and grow revenue this year, especially with millions of dollars in new early-stage funding — but he thinks he can do that in much smaller space.
The 7-year-old startup has been based in Old Town Alexandria at 106 N. Lee St., where it currently has roughly 7,500 square feet. The building — Founders Hall, coworking space operated by ALX Community — opened in 2018 and greymatter.io renewed its lease there early in the pandemic. But despite the company’s recent $7.1 million Series A raise, Holmes said he has already told the landlord he doesn’t plan to renew the two-year lease when it expires in January. Its next offices, he said, will be significantly smaller, despite its ramped-up hiring plans with the new financial backing.
“That [space] is too much, I can tell you right now,” Holmes said in an interview.
Around 60 people work at greymatter.io today, Holmes said, about 70% of whom are…
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