Peerspace, Inc.

Peerspace, Inc. is a US-based online platform that connects individuals and businesses with unique spaces for events, meetings, and creative projects, facilitating venue rentals across diverse urban locations. Founded in 2013 in San Francisco, US, Peerspace, Inc. operates as a marketplace enabling bookings for unique venues.

The company has undertaken several initiatives to enhance its service offerings. The founders include Matthew Lowe and Rony Chammas, with Eric Shoup currently serving as CEO. The company achieved its most recent funding milestone on July 3, 2018, raising USD 15. 29 mn in Series B funding led by GV, with participation from Foundation Capital and Red Bridge Partners.

Peerspace has successfully completed a total of 7 deals, and its current valuation stands at USD 55. 89 mn. Peerspace operates as a marketplace for individuals and businesses seeking unique spaces for various events and activities. The primary service offered is the ability for users to book and rent diverse venues, including meeting rooms, event spaces, and photography studios.

This platform is designed to address challenges faced by event planners, creatives, and corporate clients who require tailored environments. Peerspace's user-friendly interface allows clients to search for locations based on specific needs such as capacity, amenities, and price, connecting them with hosts who offer these spaces. The company serves a wide range of customers, from small startups and independent creatives to larger enterprises, primarily in urban markets across the United States, including cities like New York, Los Angeles, and San Francisco, as well as expanding into international cities. Peerspace generates revenue through a transaction-based model where hosts list their spaces, and clients book them for events or activities.

The company charges a service fee on each booking, ensuring benefits for both the host and the platform. Revenue is derived from direct-to-consumer interactions, with clients paying for the rental of the space and hosts receiving a percentage of the rental fee. Pricing plans vary depending on the type of space and duration of the rental, with options available for both short-term and longer-term bookings. Signature offerings, such as high-demand venues for corporate events or creative shoots, may command higher fees based on their unique features and desirable locations.

In July 2018, Peerspace raised USD 15. 29 mn in Series B funding, which will support the company's strategy for future growth. Peerspace plans to expand its marketplace by introducing new product offerings designed to enhance user experience and broaden its service categories. Additionally, the firm aims to penetrate new geographic regions, focusing on key urban markets in Europe and Asia by 2024.

The recent funding will be utilized for technology enhancements, marketing efforts, and scaling operations to support these expansion goals.