Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
IMG 7559 2159 SBI 300726167 1 - Business Express
Above view of business team sitting around table and working

Hubble takes total fundraising to £10 million as it launches the world’s first hybrid workplace platform

The latest funding  injection was led by Pi Labs and existing backers  JLL Spark and Starwood Capital

Flexible office enquiries already back to 80% of pre-Covid levels in June 2021, despite government restrictions still in place

New market-leading platform will equip businesses with rapid office search, on-demand global access to workspace, and home working solutions

8th July 2021 (London) Hubble — London’s leading online marketplace for flexible office space— has today announced that a new injection of £2 million takes the total investment in the company to £10 million.

The top-up funding round was led by Pi Labs and existing backers JLL Spark — the strategic investment venture arm of commercial real estate services firm Jones Lang LaSalle (NYSE:JLL), and Starwood Capital (via Concrete VC).

With Covid-19 radically transforming the world of work forever and businesses of all shapes and sizes now needing to determine their future workplace strategies, the funding will help to launch Hubble’s new suite of products aimed at supporting hybrid working.

When the pandemic hit in March 2020, Hubble saw a 95% dip in office enquiries. But as of June 2021, the company has seen a recovery back to 80% of pre-Covid levels, having adapted to meet the demand for flexible office space—which is higher than ever as many businesses shed long-term leases for more flexible and hybrid options.

Hubble – the world’s first hybrid workplace platform

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

With over 70% of new office enquiries asking for a hybrid set-up, Hubble’s new platform allows businesses to understand how their employees want to work, and then search for, set-up and manage their hybrid workplace in a data-driven way.

The Hubble platform is made up of four products, and enables businesses to figure out the right combination of office and remote work for their team (Hubble Workplace Strategy Tool), find a new office space (Hubble HQ), access a global network of on-demand workspaces (Hubble Pass) and send remote work perks to their team (Hubble Perks) —all managed on one dashboard.

A typical 100 person business is using a combination of the new Hubble products to reduce the size of their main office, whilst giving all their employees access to a global network of on-demand spaces and remote work perks  – ultimately, achieving high employee satisfaction whilst also reducing overall office costs.

Hubble’s office search product, Hubble HQ – covers over 5,000 office spaces across the UK and it’s on-demand product, Hubble Pass, is available in 12 countries – currently with 200 spaces, growing by 30 spaces per month.

Tushar Agarwal, CEO and Co-founder at Hubble, commented: “The last 14 months have completely transformed the relationship between work and the workplace. Office space is a $22 trillion asset class, which will see it’s biggest change in a generation in the next five years. Hybrid working will become the new normal, as employers and employees seek to find the right balance between office and remote working. 

We’re proud to have been continuously backed by the biggest proptech investors in the world, to make hybrid working easy and accessible to businesses of all shapes and sizes.”

Hugo Silva, Investment Manager at PiLabs commented: “We’re seeing a huge shift in the future of work. Businesses want to be able to transition to a hybrid working model, but this is new and difficult for many. We’ve been seriously impressed with Hubble’s ability to deeply understand a new customer problem and use their foundation as pioneers in the flexible office market, to build a solution that makes hybrid working easy.”


Recent Post: