Peerspace

Peerspace is a peer-to-peer marketplace for booking space for events, meetings and productions.[3] Launched in February 2014, Peerspace is a privately owned company operating in the San Francisco Bay Area, Los Angeles, New York, Chicago, Austin, Seattle and Washington D.C.[4][2][5][6][7]

PeerSpace
TypePrivate
IndustryPeer-to-peer
Founded2014
FoundersRony Chammas
Matt Bendett
Headquarters
San Francisco, California
,
U.S.
Key people
Eric Shoup, Chief Executive Officer[1]
ServicesVenue booking
Number of employees
30[2] (2016)
Websitewww.peerspace.com

History

Peerspace was founded in 2014 by Rony Chammas and Matt Bendett.[8] Chammas has said that the idea for the company came to him while he was attending New York University trying to find places to meet up with various groups or clubs.[3] Chammas, chief executive officer, and Bendett, head of marketing and acquisitions, met while working together at Electronic Arts (EA).[9]

In September 2014, Peerspace announced that it had raised $1.5 million in its first round of venture capital funding.[10] The funding round was led by Structure Capital and the funds were used to expand the Peerspace operations outside of San Francisco.[11][12]

In January 2018, the company announced former Ancestry and eBay executive Eric Shoup as its chief executive officer.[1] Peerspace raised a $16 million Series B funding round, led by GV, in July 2018.[13]

Operations

Peerspace operates a website and mobile app that allow businesses to rent out their location or office to other businesses or individuals.[9] The company provides a marketplace for locations that can be used for various professional and social purposes such as offices, culinary activities, fitness, studios, events, production, performances, and classes.[3][5]

Host spaces listed on Peerspace are zoned for commercial use and bookings are issued as licenses to use creative spaces for a wide range of purposes.[14] The users can rent spaces for short periods of time, which are billed by the hour.[14] Peerspace makes a profit by taking a percent of the transaction from the host and the renter.[2]

References
  1. "Peerspace Appoints Former eBay And Ancestry Executive Eric Shoup As CEO, Celebrates 1mm Attendees In Peerspace Locations". PR Newswire. 24 January 2018.
  2. Soper, Taylor (January 20, 2016). "Peerspace launches in fourth city, brings short-term meeting space marketplace to Seattle". GeekWire. Retrieved August 1, 2016.
  3. Jeff Bercovici (February 25, 2014). "Introducing Peerspace, An Airbnb For Small Businesses". Forbes. Retrieved August 1, 2016.
  4. "Peerspace launches in D.C., renting out all sorts of creative venues for events". Curbed. 12 June 2018.
  5. Julie Balise (February 26, 2014). "PeerSpace app aims to fill underutilized space". San Francisco Gate. Retrieved August 1, 2016.
  6. Raymundo, Oscar (January 28, 2015). "PeerSpace, the 'Airbnb for Business,' Comes to L.A." Inc. Retrieved August 1, 2016.
  7. Sarah Buhr (November 10, 2015). "PeerSpace Raises $5 Million Series A, Expands To New York City". TechCrunch. Retrieved August 1, 2016.
  8. Bercovici, Jeff (February 25, 2014). "Introducing PeerSpace, An Airbnb For Small Businesses". Forbes. Retrieved 2018-05-08.
  9. Ryan Lawler (September 17, 2014). "PeerSpace Raises $1.5 Million To Create An Airbnb For Creative Work And Meeting Spaces". TechCrunch. Retrieved August 1, 2016.
  10. Harrison Weber (September 17, 2014). "PeerSpace raises $1.5M to build a marketplace for short-term workspaces". VentureBeat. Retrieved August 1, 2016.
  11. Zoran Basich (September 17, 2014). "The Daily Startup: Lowe's Lays Foundation for VC Fund, Backs Porch". Wall Street Journal. Retrieved August 1, 2016.
  12. Lora Kolodny (September 17, 2014). "PeerSpace Books $1.5M to Become Airbnb for Event Spaces". Dow Jones. Retrieved August 1, 2016.
  13. "GV leads $16 million investment in venue-booking marketplace Peerspace". Venture Beat. 18 July 2018.
  14. "Helping businesses get short-term access to commercial space". Fox News. September 22, 2014. Retrieved October 10, 2016.
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