Downing Ventures supports £4 million investment in digital office broker, Hubble

21 January 2019

Hubble is the booking.com for flexible office space, an online platform that makes it easy to search, compare and transact across the whole London flexible office space market, with over 5,000 live office listings.

Hubble places a business in a new office every 3 hours and the company’s typical clients range from freelancers looking for a desk for a few months, to 150+ established SMEs and larger corporates looking to reduce their long term lease liabilities. Hubble has worked with the likes of Funding Circle, WPP and Accenture to find an office or sublet excess desk space.

The market for flexible office space, which is made up of serviced private offices and co-working spaces offered on shorter rental periods, has grown from 0.5% to 5% of the total London office market in the past 5 years and is projected to comprise over 30% of global corporate property portfolios by 2030.

Downing has invested alongside Jones Lang LaSalle’s global venture fund, JLL Spark, and Starwood Capital as part of the funding round.

Michael Tefula, Associate at Downing Ventures, comments: “Hubble brings us closer to what we believe is the future of property. The platform makes it easier for all manner of businesses to search, compare, and secure flexible office space, helping them adapt and thrive as their needs change.

“Having invested in over 40 early-stage technology companies, Downing Ventures knows the challenge of securing flexible office space as a business grows and Hubble helps alleviate this. We are therefore excited to partner with Hubble’s exceptional team, who are already making a positive difference to the entrepreneurial economy.”

 

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