Hubble takes total fundraising to £10m and launches global hybrid workplace platform
Hubble, London’s online marketplace for flexible office space, has today announced that a new injection of £2m takes the total investment in the company to £10m.
The top-up funding round was led by Pi Labs and existing backers JLL Spark — the strategic investment venture arm of commercial real estate services firm Jones Lang LaSalle, and Starwood Capital (via Concrete VC).
With Covid-19 radically transforming the world of work forever and businesses of all shapes and sizes now needing to determine their future workplace strategies, the funding will help to launch Hubble’s new suite of products aimed at supporting hybrid working.
The Hubble platform is made up of four products, and enables businesses to figure out the right combination of office and remote work for their team (Hubble Workplace Strategy Tool), find a new office space (Hubble HQ), access a global network of on-demand workspaces (Hubble Pass) and send remote work perks to their team (Hubble Perks) —all managed on one dashboard.
Hubble’s office search product, Hubble HQ – covers over 5,000 office spaces across the UK and it’s on-demand product, Hubble Pass, is available in 12 countries – currently with 200 spaces, growing by 30 spaces per month.
Tushar Agarwal, CEO and Co-founder at Hubble, commented: “The last 14 months have completely transformed the relationship between work and the workplace. Office space is a $22 trillion asset class, which will see it’s biggest change in a generation in the next five years. Hybrid working will become the new normal, as employers and employees seek to find the right balance between office and remote working. We’re proud to have been continuously backed by the biggest proptech investors in the world, to make hybrid working easy and accessible to businesses of all shapes and sizes.”
Hugo Silva, Investment Manager at PiLabs commented: “We’re seeing a huge shift in the future of work. Businesses want to be able to transition to a hybrid working model, but this is new and difficult for many. We’ve been seriously impressed with Hubble’s ability to deeply understand a new customer problem and use their foundation as pioneers in the flexible office market, to build a solution that makes hybrid working easy.”