Managed by Q launched out of beta in New York City in 2015, expanding to Chicago.[6] Later in 2015, the company raised $15 million in Series A funding and expanded to San Francisco.[7] The round was led by RRE Ventures; other investors included entrepreneurs Gary Vaynerchuk and Fabrice Grinda, American actress Jessica Alba, and former NBA commissioner David Stern.[8]
In 2016, the company raised $25 million in funding.[4] Investors included Google Ventures (GV) and Kapor Capital. Following another fundraising round that increased to $30 million, M. G. Siegler of GV joined Managed by Q's board.[4] Later in 2016, the company partnered with office supply retailer Staples Inc.[9] Also that year, the company expanded to Chicago, San Francisco, and Los Angeles.[10]
In 2016, Managed by Q announced its "Operator Stock Option Program", which, in addition to previously provided benefits such as 401(k) funds and health insurance, would provide stock option grants to field staff.[11] U.S. Labor Secretary Tom Perez attended the announcement and commended the company.[12]
MIT Sloan conducted a case study in 2016 on Managed by Q's growth strategies.[13] The study identified growth strategies employed by the company that were comparable to elements in "The Good Jobs Strategy", a book written by MIT Adjunct Associate Professor Zeynep Ton.[13] The book's thesis argues that "when a company deploys its workforce in smart ways, its workers can be a driver of profit rather than a driver of cost."[13]
In 2017, Managed by Q launched a marketplace platform accessible by customers and workers which expanded their services to include IT support, inventory management, administrative staffing, and security, along with standard cleaning and maintenance.[3] Later in 2017, Managed by Q acquired the task management software provider Hivy, an eFounders startup.[14][15]
In 2018, Managed by Q launched in Boston.[16] Later that year the company acquired NVS, an office space planning and management service.[17]
In January 2019, Managed by Q announced they had raised an additional $55 million as part of their Series C funding round.[1][18] Investors included GV once again as well as RRE.
In April 2019, Managed by Q announced they accepted an offer to be acquired by WeWork.[19] As part of its integration with WeWork, Managed by Q operated as part of WeWork’s global network of coworking locations.[20]
In March 2020, Managed by Q was acquired by Eden.[21]