CEO Roundup—Truss puts SMBs in their places, GoDaddy CEO goes into retirement

Office Building
Truss, a company that helps SMBs find office space online, has raised $7.7M in a financing round.

Truss raises $7.7M to help SMBs find office space online

Commercial real estate tech startup Truss has raised a new round of funding to help small companies use technology to find office space, AmericanInno reported on Aug. 23. The company accrued $7.7 million in a series A financing round, bringing its total funding to more than $9 million since its launch in 2016. The round was led by Navitas Capital, with participation from Hyde Park Angels, Hyde Park Venture Partners, and others. Truss is a tech-enabled brokerage that enables SMBs needing space under 10,000 square feet to handle all aspects of the office search from one platform. Businesses can search for spaces, virtually tour the inside, negotiate price and sign lease documents all on Truss’ site. The startup uses machine learning and data science to help find properties that best fit a business’s needs, and it uses artificial intelligence to help advise clients on the fair market price for a space. Truss said it will use the new funding for market expansion and product development. (AmericanInno)

GoDaddy COO Scott Wagner to resume CEO job at year-end

Web hosting company GoDaddy announced on Aug. 22 that COO Scott Wagner will resume the company’s top post after CEO Blake Irving retires at year’s end. Irving, however, will remain on the technology company’s board through June 2018, according to a report by The Wall Street Journal. For Wagner, who joined GoDaddy from private-equity firm KKR, this will represent a second stint as chief executive. As a key member of the KKR team that helped take GoDaddy private in 2011, Wagner accepted the post in the interim before Irving—until then chief product officer at Yahoo—joined GoDaddy in Jan. 2013. “GoDaddy has become the starting place for getting an idea online, and we’ve been incredibly successful with nearly 17 million customers around the world,” Wagner said in a statement. “There remains a huge strategic opportunity for GoDaddy—innovating across our product portfolio and technical platform, engaging more frequently with our existing customers, and continuing to serve new geographic markets and customer segments.” Earlier this month, GoDaddy hit the headlines when the company told neo-Nazi website Daily Stormer it would no longer serve as its website because the group had violated the terms of service agreement by “promoting, encouraging, or otherwise engaging in violence against any person” after clashes Aug. 13 between white supremacists and protesters in Charlottesville, Virginia. (The Wall Street Journal)