Elizabeth Varley, founder and CEO of TechHub
A number of start-ups from its London HQ are also expanding into the US using the new hub as their launch pad.
Co-working provider TechHub has opened a new hub in New York as it looks to tap into one of the world’s most exciting tech markets.
Supporting 750 start-ups across Europe and India, TechHub accelerates the growth of its members through tailored programming, helping start-ups engage customers, investors and talent.
TechHub companies have been acquired by Google, Facebook, Microsoft, Oracle and Twitter amongst others, and have raised over US$1bn in venture capital funding to date.
Headquartered in London, TechHub recognises the close alignment between the London and New York startup ecosystems.
It sees both the huge potential for the continued growth of local New York tech, and the city’s prime position as an entry point into the US for start-ups around the world.
Three London companies have already chosen to make TechHub their launchpad in the US: fintech powerhouses Revolut and Aire, and Cronofy’s enterprise productivity tool.
TechHub’s founder Elizabeth Varley said: “We believe New York City is one of the most exciting tech markets in the world right now.
“TechHub wants to contribute to that growth and provide strong opportunities for tech start-ups from around the world to access the US via this thriving city.”
TechHub NYC member Revolut is a global banking alternative allowing users to deal in multiple currencies in real time.
Growing fast with a successful US$66m Series B fundraise and over 850,000 customers worldwide, New York will be one of its first sites outside Europe.
“TechHub provides fast-growing companies with flexibility when it comes to landing in a new location and supports establishing a vital local network” said Revolut manager of international expansion Dan Westgarth. “TechHub can really help us hit the ground running in a new city from day one.”
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