Groundwork
Groundwork, founded in 2013 in Monterrey, Mexico, is a flexible workspace provider offering fully-equipped private offices, corporate offices, and coworking spaces to enterprises, SMBs, PYMES, freelancers, and startups through a subscription-based rental model under the Lemancore real estate umbrella.
- Company typePrivate
- Founded2013
- HeadquartersSan Pedro, Mexico
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Groundwork does
Groundwork, founded in 2013, is a Mexican flexible workspace provider operating in Monterrey and San Pedro Garza García, Nuevo León. The company offers fully-equipped private offices (1 to 25 people), corporate offices (1 to over 100 people), and shared coworking spaces through an all-inclusive, subscription-based monthly rental model denominated in Mexican pesos. Groundwork operates legally as COMPANHIA GONEVO, S.A. de C.V. and is an initiative of Lemancore, the real estate development parent that owns the buildings in which Groundwork operates. The company employs 51-100 people and targets a horizontal customer segment spanning individual entrepreneurs and freelancers, PYMES (pequeñas y medianas empresas), growth-stage startups, and enterprise clients.
Groundwork's core offering is a turnkey ("llave en mano") office experience that bundles furniture, IP telephony, high-speed internet, IT support, covered parking, 24/7 security, and member discounts into a single recurring fee. The company has installed Raymond Air Purifying Systems with Oxten ionization technology across its buildings, providing air purification that eliminates molds, bacteria, and viruses through oxidation-reduction reactions without chemical agents. The product portfolio also includes the Groundtank annual startup competition program (with the next edition planned for 2027) and the Leman Club membership benefits program, which offers exclusive discounts and perks to tenants. Pricing is quote-based and not publicly disclosed.
Groundwork generates recurring revenue through monthly and annual rental agreements, distributed primarily via direct field sales with a relationship-driven approach targeting the Monterrey region. Marketing channels include content marketing through the company blog, organic social media, networking events and workshops, and strategic partnerships with the Business Club de EXATEC (Tecnológico de Monterrey alumni network), COPARMEX, and Two Health. Notable customers include RailPros (an enterprise tenant at Torre Helicon), the Business Club de EXATEC (which established its headquarters at Groundwork), and Groundtank winners such as SUMAPP. Recent milestones include expansion to Torre Helicon in San Pedro Garza García in July 2026 and recognition with the ProPeople Award 2026 for workplace culture.
Groundwork firmographics
Firmographics- Name
- Groundwork
- Legal name
- COMPANHIA GONEVO, S.A. de C.V.
- Website
- https://wearegroundwork.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Groundwork, founded in 2013 in Monterrey, Mexico, is a flexible workspace provider offering fully-equipped private offices, corporate offices, and coworking spaces to enterprises, SMBs, PYMES, freelancers, and startups through a subscription-based rental model under the Lemancore real estate umbrella.
- Ownership category
- akta.pro rank
Groundwork industry classification
Industry- Product category
- Flexible Office and Coworking Services
- NAICS
- Facilities Support Services (56121)
- SIC
- Services-Facilities Support Management Services (8744)
- akta.pro primary industry
- Space & Occupancy Services (Move/Add/Change, Seating, Wayfinding) (IMAIALAF)
- akta.pro secondary industry
- Workplace & Office Support Services (Reception/Mailroom/Porterage/Helpdesk) (IMAIAAAD)
Keywords
Where Groundwork is headquartered
LocationHeadquarters
- HQ city
- San Pedro
- HQ country
- Mexico
- HQ region
- Latin America
Offices2 records
Markets served
Groundwork business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Marketing or Sales, Personnel, Technology or R&D
Revenue model
- Office Space Rental: Groundwork generates revenue primarily through the rental of fully equipped private offices, corporate offices, and shared coworking spaces. Spaces are offered as all-inclusive rental packages including furniture, services, utilities, and amenities. The revenue model is recurring, based on monthly or annual rental agreements for office space of varying sizes, from 1 person to more than 100 people.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Private Office - Fully equipped closed office spaces for 1 to 25 people |
| Subscription | Monthly | Corporate Offices - Large corporate spaces for 1 to 100+ people |
| Subscription | Monthly | Cowork (Shared Workspace) - Open collaborative area for freelancers, startups, and small businesses |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Groundwork product offering
Product offeringCore offering
Groundwork provides fully equipped, all-inclusive private offices (1-25 people), corporate offices (1-100+ people), and shared coworking spaces in Monterrey and San Pedro Garza García, Mexico. The offering includes furniture, IP telephony, high-speed internet, IT support, covered parking, 24/7 security, and air purification in turnkey spaces billed via recurring monthly subscriptions.
Product overview
Groundwork, operated by COMPANHIA GONEVO S.A. de C.V., is a Mexican company founded in 2013 specializing in flexible, fully-equipped corporate office spaces and coworking solutions in Monterrey and San Pedro Garza García. The company offers a portfolio of three core products: Private Offices (Oficina Privada) for 1-25 people, Corporate Offices (Oficina Corporativa) for teams of 1-100+ people, and Cowork (Espacio Compartido) open collaborative workspaces. Additional offerings include Groundtank, an annual startup competition program, and Leman Club, a member benefits program with exclusive discounts. All spaces include services such as high-speed internet, IP telephony, IT support, covered parking, 24/7 security, air ionization systems, and flexible pricing in Mexican pesos.
Differentiator
Problem solved
Functional benefit
Products and services
- Oficina Privada (Private Office) Fully equipped closed private office spaces for 1 to 25 people, delivered turnkey (llave en mano) with furniture, IP telephony, high-speed internet, IT support, covered parking, and 24/7 security. Targeted at entrepreneurs launching a business and established small teams needing a secure workspace.
- Oficina Corporativa (Corporate Offices) Corporate office spaces designed for 1 to over 100 people, with spacious layouts optimized for innovation and teamwork. Fully equipped with all-inclusive services and adapted to specific enterprise needs.
- Espacio Compartido / Cowork (Shared Workspace) Open collaborative workspace area where users choose their workplace, fostering a community of startups, small businesses, and freelancers. Offered with monthly subscriptions and exclusive member discounts.
- Groundtank (Annual Startup Competition) Annual competition program designed to open doors, make innovative projects visible, and provide PYMES and startups the opportunity to win prizes including one year of free private office space at Groundwork. Six winners were awarded in the 2026 edition.
- Leman Club (Member Benefits Program) Member benefits program offering exclusive discounts and perks for Groundwork tenants and members.
Companies that use Groundwork
Customer profileNamed customers5 records
Segments1 record
Ideal customer profiles2 records
Groundwork technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Groundwork partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- RailProscoreRailPros, a leading company in its sector with national and international operations, consolidated its presence in Mexico by establishing its enterprise headquarters at Torre Helicon through Groundwork. The office was designed as a strategic corporate ecosystem tailored to RailPros's needs for agility in international trade, with the inauguration held at the Signature Room of Torre Helicon.
- Business Club de EXATEC (Tecnológico de Monterrey)coreThe Business Club de EXATEC (alumni network of Tecnológico de Monterrey) established its official headquarters at Groundwork. The partnership leverages Groundwork's infrastructure and collaborative spaces as the venue for this vibrant community of entrepreneurs and professionals, strengthening networking, continuous learning, and business creation in the Monterrey region.
- Groundtank Competition Winners (PYMES and Startups)minorGroundwork runs an annual competition called Groundtank to showcase and support innovative PYMES and startups in Monterrey. Six winners were awarded prizes including one year of free private office rental. The program is designed to open doors, make projects visible, and provide emerging companies with the infrastructure needed to scale. Next edition planned for 2027.
- Two HealthminorTwo Health, a health and wellness company, partners with Groundwork to deliver wellness events and workshops for the Groundwork community. An example event was 'Entrenando sin filtros' covering balance, exercise, nutrition, and decision-making, held at Groundwork's premises.
- COPARMEX (through EXATEC Business Club)minorThe EXATEC Business Club at Groundwork is connected to COPARMEX, one of Mexico's most important business confederations. The partnership provides Groundwork access to the broader Mexican business ecosystem through this professional association network.
- LemancorecoreGroundwork is an initiative of Lemancore (COMPANHIA GONEVO, S.A. de C.V.), the parent real estate development company. Lemancore owns the buildings where Groundwork operates and provides the real estate development expertise and property portfolio that underpins Groundwork's flexible workspace business.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
Groundwork competitors and assessment
Company assessmentBroad incumbents
- WeWork: WeWork pioneered the modern coworking category and has historically operated in Mexico (including Mexico City). It competes directly with Groundwork for premium coworking and private-office tenants, though with a broader international footprint and stronger consumer brand.
- IWG plc (Regus / Spaces / HQ): IWG is the world's largest flexible-workspace operator, running Regus, Spaces, HQ and Signature brands across 120+ countries with established Mexico presence. It is the broadest incumbent competing for the same enterprise and SMB flexible-office demand Groundwork targets in Monterrey.
Direct peers
- Knotel (now part of Newmark): Knotel specialized in enterprise-grade flexible office headquarters and was acquired by Newmark Group. Its focus on customizing larger office footprints for enterprise tenants is closely analogous to Groundwork's Corporate Office product for companies like RailPros.
- Mind Hub: Mind Hub is a Mexican coworking and flexible-workspace operator with multiple locations across major Mexican cities. It targets the same freelancer, startup, and SMB customer base as Groundwork's Cowork and Private Office products.
- Workplaces Mexico: Workplaces is a Mexican flexible-office and coworking operator offering private offices and coworking in Mexico City and other markets. It is a direct domestic competitor to Groundwork in the all-inclusive private-office / coworking segment.
- Industrious: Industrious is a US-headquartered premium flexible-workspace and coworking operator serving enterprises. It is a direct product-model peer to Groundwork, competing for enterprise tenants who want all-inclusive, design-forward private offices with hospitality-grade services.
- Spaces (IWG brand): Spaces is IWG's premium, design-led coworking and private-office brand, positioned squarely against Groundwork's Torre Helicon-tier offering for creative and corporate professionals. Same all-inclusive pricing model and target customer profile.
Market position
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Groundwork social profiles
Digital presenceGroundwork financial estimates
Financial estimateRevenue estimate
Valuation estimate
Groundwork leadership team
Management profileNumber of profiles
Groundwork subsidiaries and ownership
Company hierarchySubsidiaries5 records
Groundwork funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Groundwork M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Groundwork
What does Groundwork do?
Groundwork provides fully equipped, all-inclusive private offices (1-25 people), corporate offices (1-100+ people), and shared coworking spaces in Monterrey and San Pedro Garza García, Mexico. The offering includes furniture, IP telephony, high-speed internet, IT support, covered parking, 24/7 security, and air purification in turnkey spaces billed via recurring monthly subscriptions.
Is Groundwork a public or private company?
Groundwork is a private company. It is classified as corporate owned and is currently operating.
When was Groundwork founded?
Groundwork was founded in 2013. It employs 51 to 100 people.
Where is Groundwork based?
Groundwork is headquartered in San Pedro, Mexico, in the Latin America region.
How does Groundwork make money?
One revenue line is on record: office Space Rental.
Who are Groundwork's main competitors?
Broad incumbents on record are WeWork and IWG plc (Regus / Spaces / HQ). Direct peers are Knotel (now part of Newmark), Mind Hub, Workplaces Mexico, Industrious and Spaces (IWG brand).
Does Groundwork have an API?
No public API is recorded for Groundwork.
What industry is Groundwork in?
Groundwork's product category is Flexible Office and Coworking Services. Its primary akta.pro industry code is IMAIALAF, Space & Occupancy Services (Move/Add/Change, Seating, Wayfinding), with a secondary code of IMAIAAAD, Workplace & Office Support Services (Reception/Mailroom/Porterage/Helpdesk). Its NAICS code is 56121 and its SIC code is 8744.