Flexi office space provider Hubble raises £4m
London-based flexible office space company, Hubble, has raised £4 million to fund technology investment and meet demand from bigger businesses.
The Series A funding was led by JLL Spark Global Venture Fund.
Currently, Hubble, which operates in Manchester and London, lists more than 5,000 offices on its website. The company was set up in 2014, and is now one of the fastest growing technology companies in the UK.
“Since launching four years ago, we’ve built an unrivalled technology platform that addresses the overwhelming need for finding and renting flexible office space, easily” said CEO and founder, Tushar Agarwal.
“When we started, our average client was a five-person startup needing desks in a co-working space for a few months. Now, we are frequently helping businesses with 50 staff or large multinationals renting space for a year or more.”
The latest cash raising means the company has now raised £6.4 million across three funding rounds.
Downing Ventures and the Directors of M7 Real Estate also participated in this round along with existing investor Starwood Capital (via the Concrete proptech fund).
Some of Hubble’s previous backers include James Caan (of Dragon’s Den fame), and Streetcar founder Brett Akker. Rohan Silva, the former technology advisor to the Prime Minister, is now a co-founder and adviser of Hubble.
The company said the £4m it’s just raised will be used to invest further into its technology platform in order to attract medium-sized businesses of 50 people or more. It will also address the soaring demand for flexible office space from larger businesses.