CommonGrounds Workspace made headlines when it announced plans to build eight coworking spaces last year.

Now, the Carlsbad-based coworking company is chasing after a much bigger goal, with plans to add 2 million square feet across 50 locations in the next two years.

That rapid expansion will be possible thanks to $100 million the company raised in a Series A funding round, announced on Jan. 16. Pacifica Enterprises Inc., a San Diego-based real estate investment firm, led the funding round. Mohamed Alabbar, chairman of Dubai-based real estate company Emaar, and educational software company the Davidson Group, also contributed to the funding round.