Member Article

This flexible workspace provider is opening two new sites on the back of £3.5m funding

London business club and flexible workspace provider, The Clubhouse, is to open two new sites in the capital after securing a multi-million pound growth capital deal with Boost&Co.

Launched in 2012, the business club provides lounges and meeting spaces that bridge the gap between serviced office and upmarket hotels and coffee lounges.

Its facilities are already used by over 350 businesses spanning early stage businesses and scaleups to major global players such as KPMG, Tesla and Samsung, and currently boasts two sites, one in Mayfair and one in St. James’s.

Chief Executive, Adam Blaskey, said that the company’s ‘substantial’ expansion would help fuel his ultimate ambition of opening a network of clubs across the UK and beyond.

He said: “Since launching in 2012 the Clubhouse has grown substantially and today is widely recognised as London’s leading business club, lounge and meeting space.

“Home to some 350 growing businesses, we have a single aim: to make our members and their businesses more successful.

“My ambition has always been to open a network of Clubhouses both in London and overseas, building on the success of our Mayfair and St James’s locations, so I am delighted that BOOST&Co share this vision and are backing us to open two new locations.”

The first of the two new sites is set to open this October at Angel Court, Bank in the City of London with a second site adding to The Clubhouse’s ambition of steering a network of 8-10 spaces in the capital within the next couple of years.

Funding for the latest step in its growth has come from growth capital and venture debt firm, Boost&Co, and Joanna Scott, who is Principal at the investment manager praised The Clubhouse’s journey thus far.

She commented: “The way in which London’s professionals meet, work and grow their networks is changing, increasing demand for flexible work space.

“The Clubhouse occupies a unique position in this growing market between serviced offices, coworking locations and traditional members clubs, and we are excited to be supporting this ambitious team in the next stage of their growth.”