SOURCE: PeerSpace

PeerSpace

September 17, 2014 09:00 ET

PeerSpace, the First Marketplace for Short-Term Creative Spaces, Raises $1.5 Million in Seed Funding

PeerSpace Allows Access to Inspiring Workspaces for Off-Sites, Events, and Productions, While Helping Business Owners Earn Extra Income

SAN FRANCISCO, CA--(Marketwired - Sep 17, 2014) - PeerSpace, Inc., a fast-growing peer-to-peer marketplace dedicated to helping professionals gain access to one of a kind productive spaces, has raised $1.5 million in Seed funding in a round backed by Structure Capital, Ran Makavy, Michael Horwitz, Ron Pizzuti and other prominent Angel investors. Funding will go towards expansion to other major metropolitan areas, as well as hiring key positions within both development and sales.

Since first launching in March of this year, PeerSpace has seen 37% month-over-month growth and facilitated hundreds of successful transactions in the San Francisco Bay Area with individual and corporate clients including LinkedIn, Instacart, General Assembly, Campari, Fitmob, Dinner Lab, and many more. PeerSpace's Hosts have already seen their previously non-revenue generating or under-utilized spaces earn up to $5,000 in extra monthly income by listing on the marketplace.

"Our Guests are looking for inspiring, creative, and inviting spaces," noted Matt Bendett, Co-founder and Head of Marketing and Acquisition for PeerSpace, Inc. "They struggle to find this in hotels and traditional event venues. Our marketplace has become their destination to book unique spaces that spark motivation and innovation."

"PeerSpace has huge market potential, a great team and excellent early traction," said Mike Walsh, Managing Partner at Structure Capital. "As one of the first start ups we've invested in from our second Structure Capital fund, it's clear from progress that PeerSpace has the potential to become a leader in short-term space reservations. We were very impressed with the team's vision and are thrilled to be a part of PeerSpace's exciting road ahead."

Securing funding is just the latest move made by PeerSpace to ensure their market position is primed for rapid growth. Jeanine Johnson joined the team in May as the Chief Technology Officer, bringing with her 15 years in development experience at companies including Flextronics, Amazon and Microsoft. Jeanine is overseeing all technical operations, including leading product development. In addition, PeerSpace has added Andre Haddad, CEO of car sharing company RelayRides, to its advisory board to offer invaluable insight on how to grow their marketplace business.

"We are thrilled to work with these world-class partners who have helped build some of the most exciting technology and consumer brands," said Rony Chammas, Co-founder and CEO of PeerSpace. "This round of financing will help us bring the unique and inspiring PeerSpace experience to new markets by the end of this year, while also allowing our team to build new and exciting products and features."

PeerSpace is the first marketplace to offer short-term access to hundreds of creative and inspiring workspaces focusing on three main categories: off-site meetings, events, and production. Whether pursuing a personal or professional endeavor, PeerSpace is the ideal solution for finding unique locations for activities ranging from meet-ups, pop-ups, and classes to off-sites, presentations or brainstorming sessions. Entrepreneurs, makers, and collaborators of any kind can easily filter, discover, and book their ideal space directly through the simple and intuitive PeerSpace app. These Guests are connected with Hosts to maximize the use of their unique space while earning cash, and expanding their network.

The PeerSpace App is available for free from the App Store or at www.appstore.com/peerspace. For more information and on-going updates, please visit http://www.peerspace.com.

About PeerSpace
PeerSpace is the first marketplace to offer short-term access to hundreds of creative and inspiring workspaces focusing on three main categories: off-site meeting, event, and production. PeerSpace offers both Guests and Host the opportunity for a mutually beneficial experience. Guests can easily filter, discover, and book their ideal space directly through the simple and intuitive PeerSpace app. Hosts can maximize the use of their unique space, earn money, and expand their network by listing on the PeerSpace marketplace. Hosts have already seen their previously non-revenue generating or under-utilized spaces earn up to $5,000 in extra monthly income by listing on the marketplace. Founded in 2013, the company is headquartered in San Francisco, CA and backed by several prominent Angels and Venture investors including Structure Capital, and Michael Horwitz. PeerSpace has experienced strong growth and is currently live in the San Francisco Bay Area.

Contact Information

  • Contact:
    Abby Topolsky
    Public Relations for PeerSpace
    Email Contact
    415.602.0306