Business, Investments

NearDesk Secures USD 1M on Equity Crowdfunding Platform Seedrs

London-Headquartered NearDesk which facilitates flexible working by providing a single card that enables users to walk in to business hubs across the U.K. The company was planning to raise USD 600K but now it has raised USD 1 million on Equity Croudfunding platform Seedrs.


Earlier, it  had also raised USD 77.9K in September 2013 and USD 203.1K in March 2013 on Crowd Equity platform. The company was launched in 2011, as a venture of  Founder & CEO Tom Ball. Till date, including this round, the firm has raised a toatal funding of USD 1.281 million. The future use of the new funds is still undisclosed.

The other competitors are also included in this space such as YourWorkspaces, LiquidSpace, HandyForWork and WorkSnug. NearDesk is expected to see these competitors by using a revenue sharing business model with venues.

Here is a video demo which shows how NearDesk works:

Also Read: Online retailer Bonobos secures USD 55 million for Offline expansion

Tech Crunch says: On NearDesk, users only pay for the time spent with a member card, with a single monthly invoice issued per company, rather than having to deal with multiple companies. The service appeals mostly to freelancers and independents.

Over 500 investors piled into the fund-rising round, with the biggest single investment GBP 75,000. They clearly agree with the startups’ view that there’s a societal change going on which means people are just not needing to us offices as much as they used to.

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