AndCo, London’s new workspace subscription service, has announced it has raised £800,000 in private seed funding.
Founded in 2017 by Sanj Mahal, AndCo is reawakening London’s most unique venues by transforming spaces in independent pubs, cafés and restaurants into co-working spaces during the working week.
Freelancers across the capital are often either left paying over the odds for a desk in a costly co-working space, or are forced to move between small, restrictive spaces throughout the day while outstanding independent venues remain unoccupied and under-utilised.
AndCo is maximising the potential of these incredible spaces by transforming them into dedicated co-working spaces for the freelancing community during working hours. For just £20 per month, AndCo members have unlimited access to over 40 venues across London, with new venues being added every month.
Freelancers can book their AndCo workspace within seconds through a secure booking process, guaranteeing them a dedicated workspace at their venue of choice. Members also have access to secure, high-speed, WIFI in all of AndCo’s partner venues, and access to community features through the brand new AndCo app.
The funding is allowing AndCo to further develop its technology infrastructure and also support the continued rapid growth in venues and members.
On the investment Sanj Mahal, Founder & CEO of AndCo, commented; “We have been delighted by the enthusiasm for AndCo as we launch across London with many incredible venues in the capital. The establishments on our platform are natural spaces for people to come together and create a local collective.
“Working habits have changed: whether you are a freelancer or remote worker, you need space outside of the traditional office. People are often using small, noisy and unsuitable locations to work while there are beautiful, expansive restaurants, cafés and event spaces that lay empty throughout the working day.
“We firmly believe our strategy will reawaken those venues, offering a lifeline to the high street, as well as helping workers find quick, convenient and cost-effective short-term desk space.”
Bill Osborne, Angel Investor, commented; “AndCo is successfully providing low cost, bookable co working spaces that offer a genuine alternative for the growing number of freelancers who find the current co-working offers too expensive but want high quality WIFI and security that AndCo offers. The growth in demand for hot desking makes this an exciting opportunity.”