London business lounge The Clubhouse bags £3.5m to open two new locations

The business, which aims to offer “inspiring” flexible working and meeting spaces, will open its next location in Bank this October

The Clubhouse, which provides business clubs, lounges and flexible workspace in London, has secured £3.5m in growth capital from BOOST&Co, with which it plans to launch at two new locations.

Founded in 2012 by Adam Blaskey after he grew tired of meeting clients in cafes and hotel lobbies, The Clubhouse aims to provide “an inspiring and productive environment” in which professionals can meet and work.

Boasting businesses which range from start-ups to blue chip firms among its members, The Clubhouse is now home to 350 companies and 850 individual members across its two locations in St James’s and Mayfair.

Enabled by the funding, the business will open its next location on the seventh and eighth floors of Angel Court in Bank this October, and aims to establish a network of eight to ten sites across London – as well as several more in overseas business hubs – over the coming years.

The popularity of flexible workspaces has surged in recent years, with start-ups and small businesses as well as larger firms attracted to their financial and logistical benefits, as well as the perks that come with co-working; including on-site facilities, a more relaxed atmosphere, and opportunities to network and collaborate with other businesses.

Joanna Scott, principal at BOOST&Co, 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.”

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