About Techspace
Techspace is a company based in London (United Kingdom) founded in 2011 was acquired by Industrious in May 2019.. Techspace has raised $25.14 million across 3 funding rounds from investors including Industrious, Goldacre and David Galsworthy. The company has 33 employees as of March 31, 2022. Techspace offers products and services including Hotdesks, Private Offices, Meeting Rooms, and Event Spaces. Techspace operates in a competitive market with competitors including WeWork, Industrious, Convene, Mindspace and Bruntwood, among others.
- Headquarter London, United Kingdom
- Employees 33 as on 31 Mar, 2022
- Stage Minicorn
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Techspace Group Ltd
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Annual Revenue
$6.71 M (USD)90as on Mar 31, 2018
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Net Profit
$-2.13 M (USD)-43as on Mar 31, 2018
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EBITDA
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Total Equity Funding
$25.14 M (USD)
in 3 rounds
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Latest Funding Round
$6.44 M (USD), Series A
Nov 07, 2019
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Investors
Industrious
& 4 more
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Employee Count
33
as on Mar 31, 2022
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Acquired by
Industrious
(May 02, 2019)
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Products & Services of Techspace
Techspace offers a comprehensive portfolio of products and services, including Hotdesks, Private Offices, Meeting Rooms, and Event Spaces. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
On-demand desks for flexible working in tech hubs.
Customizable units for dedicated business needs.
Bookable rooms for meetings and presentations.
Venues for conferences and networking events.
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Funding Insights of Techspace
Techspace has successfully raised a total of $25.14M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.44 million completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $6.4M
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First Round
First Round
(21 Mar 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series A - Techspace | Valuation | Goldacre |
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| Jun, 2016 | Amount | Angel Round - Techspace | Valuation | Leo Noe |
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| Mar, 2016 | Amount | Series A - Techspace | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Techspace
Techspace has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Industrious, Goldacre and David Galsworthy. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Goldacre is engaged in digital infrastructure and real estate technology investment.
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Founded Year | Domain | Location | |
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Flexible workspace solutions are provided for teams and individuals.
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Founded Year | Domain | Location | |
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DG
David Galsworthy |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Techspace
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Techspace
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Techspace Comparisons
Competitors of Techspace
Techspace operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WeWork, Industrious, Convene, Mindspace and Bruntwood, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Flexible office and coworking spaces are provided by WeWork globally.
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| domain | founded_year | HQ Location |
Flexible workspace solutions are provided for teams and individuals.
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| domain | founded_year | HQ Location |
Managed co-working spaces with conference rooms and amenities are offered.
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| domain | founded_year | HQ Location |
Managed co-working spaces are provided for users and landlords.
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| domain | founded_year | HQ Location |
Real estate development and management are conducted for commercial properties.
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| domain | founded_year | HQ Location |
Online platform for booking hostel accommodation and co-working spaces for travelers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Techspace
Frequently Asked Questions about Techspace
When was Techspace founded?
Techspace was founded in 2011 and raised its 1st funding round 5 years after it was founded.
Where is Techspace located?
Techspace is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Techspace a funded company?
Techspace is a funded company, having raised a total of $25.14M across 3 funding rounds to date. The company's 1st funding round was a Series A of $11.4M, raised on Mar 21, 2016.
How many employees does Techspace have?
As of Mar 31, 2022, the latest employee count at Techspace is 33.
What is the annual revenue of Techspace?
Annual revenue of Techspace is $6.71M as on Mar 31, 2018.
What does Techspace do?
Techspace was founded in 2011 in London, United Kingdom, within the co-working sector. An online platform is operated for startups, entrepreneurs, and freelancers to search and book spaces across the UK. Five managed locations were maintained as of June 2016, with membership plans starting at 315 supporting around 950 community members. A mobile platform is also utilized for browsing available spaces.
Who are the top competitors of Techspace?
Techspace's top competitors include WeWork, Convene and Industrious.
What products or services does Techspace offer?
Techspace offers Hotdesks, Private Offices, Meeting Rooms, and Event Spaces.
Who are Techspace's investors?
Techspace has 5 investors. Key investors include Industrious, Goldacre, David Galsworthy, Alex Rabarts, and Leo Noe.
What is Techspace's valuation?
The valuation of Techspace is $22.92M as of Mar 2016.