Flexible workspace specialist secures £1m investment for post-COVID growth

A specialist operational partner working with landlords providing flexible workspace has secured £1m investment for its expansion.

Spacemade, which has over 100,000 sq ft of workspace in Leeds, London and Bristol, has secured funding to support its growth as COVID-19 restrictions continue to ease.

Founded by Jonny Rosenblatt and Dan Silverman last year, Spacemade specialises in helping landlords to provide flexible bespoke workspace to businesses.

To date, the firm has delivered seven workspaces across the UK, including a workspace in London Fields, a collection of private offices on The Strand, the repositioning and expansion of a prime building in the heart of Leeds city centre, a coworking space in Fitzrovia and a neighbourhood workspace in Queen’s Park.

Dan Silverman, Spacemade co-founder, commented: “We’re thrilled to have these investors on board and this milestone for Spacemade comes at a watershed moment for the flexible market.

“As we emerge from the pandemic the provision of flexible space is going to increase substantially as businesses demand increased flexibility, however, it will increasingly be building owners providing it directly, enabling a much closer relationship with their customers.

“This round of fundraising is a clear vote of confidence in a new model of operation for the coworking sector and the increasing role agile workspaces will play in occupational strategies and decision making post-Covid.”

Spacemade co-founder, Jonny Rosenblatt, added: “It’s clear that businesses need flexibility and a perfectly operated workspace. Our approach is very different to the existing cookie-cutter model.

“Each one of our spaces that we operate for landlords is unique for its specific target customer, but part of a much larger network of spaces. Operational real estate is all about scale and this fundraise will help us accelerate our plans.”

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