Tech Pitch: Spacehop

Inspired by a struggle to find affordable accommodation in London, this start-up is competing with Vrumi and Headbox to become the 'Airbnb for workspace'

Company name: Spacehop
Founders: Matt Beatty (29), Luke Eastwood (28), and Joe Grimes (20)
Background: Beatty was a medical doctor, Eastwood a barrister and Grimes a freelance programmer
Based in: Wandsworth, London

Very simply, what does your tech start-up do?

Spacehop is an online marketplace for hiring home office space. We are the Airbnb for workspace.

We offer an affordable alternative to co-working spaces with desk prices from £5 a day and the flexibility to book the days you need.

The site has a variety of spaces on offer from modern chic apartments, to cozy living rooms, to quiet garden outbuildings; there really is something for everyone.

Tell us why there’s a need – what do you disrupt?

Our mission is to change the way people work. Current workspace options are expensive, inflexible and inefficient. With changing work patterns there is a need for greater flexibility and affordability.

Traditional offices and co working facilities are pricey and often involve a long term commitment. With Spacehop you can book by the day, with discounts available on longer term bookings. So whether you need a short term office solution or a more permanent workspace; we can cater to that.

The Spacehop workspaces come equipped with WiFi, provide free tea and coffee and a host of other amenities and represent a more productive environment than, say, your local Starbucks.

Spacehop venue

One of the Spacehop workspaces

Finally, for those who work in their own home, and find it difficult to switch into ‘work mode’ separation of the home/work environment is often the key to success.

Getting out of the house is the first step and Spacehop gives you a variety of options in close proximity that have been tailored to help provide you with a super comfortable and productive day.

Are you funded?

Yes, we crowdfunded earlier this year. We raised £60,890 via equity crowdfunding platform Crowdcube – 121% above target.

What were you doing before starting?

Beatty, a medical doctor at the time, moved to London and was working long hours to afford an apartment he spent little time in. Following a conversation with a few co-workers, Beatty found that they were equally frustrated by the hefty prices they were paying for a hot-desk each month and the idea for Spacehop was born.

What’s the best thing about where you’re based?

London is an inspiring place to start a business. There is always something going on and being in a hub with lots of innovative companies and people helps you stay focused!

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