Patch
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | 1.1m | 2.4m |
% growth | - | 118 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $1.1m | Seed | |
* | $3.7m | Early VC | |
Total Funding | $4.8m |
Recent News about Patch
EditPatch.work is a UK-based startup that provides flexible coworking spaces for a variety of clients, including hybrid workers, sole traders, and startups. The company operates in the coworking industry, which has seen a surge in demand due to the rise of remote and flexible working. Patch.work's business model revolves around offering memberships for access to their coworking spaces, which are conveniently located in high streets across the UK.
The company's value proposition lies in its focus on convenience, flexibility, and community. By situating their spaces in high streets, Patch.work allows members to work near home, reducing commute times and providing a better work-life balance. The company offers different types of memberships to cater to varying work rhythms, from flexible coworking to dedicated desks and private offices.
Patch.work also differentiates itself by fostering a sense of community among its members. The company hosts a range of events, including workshops, pop-up shops, talks, performances, and networking opportunities. These events not only provide learning and networking opportunities but also contribute to a vibrant and engaging work environment.
In terms of revenue, Patch.work primarily makes money from membership fees. The company's cost-effective pricing strategy, coupled with its focus on convenience and community, makes it an attractive alternative to traditional office spaces and other coworking options.
Keywords: coworking, flexible working, community, high street locations, memberships, events, convenience, work-life balance, cost-effective, startups.