Techspace eyes Berlin

Techspace eyes Berlin

Coworking workspace provider Techspace has raised £5m in funding as it looks to expand across Europe.

Techspace, the flexible coworking space designed for fast-growth tech scale-up companies, was cofounded by serial entrepreneurs David Galsworthy (CEO) and Alex Rabarts (CTO) in 2012.

Four years down the line and the company now boasts four locations across the capital in Shoreditch, Hoxton, Old St and Whitechapel and has ambitious plans to grow across Europe.

The company is looking to kick off this expansion with the launch of a new hub in Berlin after a new funding round of £5m raised through a consortium led by real estate investor and entrepreneur Leo Noé and managed by Goldacre Ventures.

Techspace not only supports small tech startups, but also larger, more established companies by helping them to bridge the ‘scale-up gap’ through offering sustainable, flexible space that adapts to their growth.

David Galsworthy, CEO and cofounder of Techspace, said: “Coworking has already grown exponentially over the past few years.

“There’s been a huge, global shift towards flexible, collaborative workspaces, particularly in technology.

“We empower our community to focus solely on growth and innovation, leaving workspace considerations to us.

“This investment will enable us to continue supporting tech companies in their growth beyond being startups, develop our offerings in London and also expand to Berlin - a destination that makes perfect sense given the city’s established reputation as a hub for technology innovation.”

With space for over 75 disruptive technology businesses and over 1,000 members across five locations in London, Techspace has already grown to over thirty times its initial size.

 

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