Shared workspace company Patch has recently announced plans to open two more locations in Twickenham and High Wycombe. The expansion is made possible following a successful £3 million funding round, which will allow the company to create more “neighbourhood workspaces” in disused buildings. The company aims to support individuals and small businesses, while also breathing new life into local high streets.
Patch’s unique concept of offering affordable and convenient workspaces has been well-received since the company’s launch in 2020. Their initial location in Chelmsford, Essex, quickly gained popularity among entrepreneurs, freelancers, and professionals looking for flexible and accessible workspace options.
With the expansion into Twickenham and High Wycombe, Patch will create more local workspaces that encourage people to work close to their homes, reducing commuting times and costs.
Patch’s mission resonated with a group of prominent investors who backed the start-up’s funding round. The investors include JamJar Investments, Blue Wire Capital, Vectr7 Investment Partners LLP, Active Partners, and Triple Point Ventures. The company also received support from several angel investors, including Matt Clifford, CEO of Entrepreneur First, and Wendy Becker, former CEO of Jack Wills.
The fresh funding will enable Patch to expand its services and grow its team, contributing to the company’s goal of transforming local high streets. The importance of innovative companies like Patch was further highlighted by Peter Roberts, founder of PureGym, who invested in the funding round.
Patch’s expansion plans reflect the growing trend of hybrid work models, which combine remote and office-based work. With the pandemic forcing many businesses to adopt remote work, more individuals and companies are looking for flexible workspace options. Patch’s concept of creating affordable and convenient local workspaces is likely to appeal to those seeking a balance between remote work and face-to-face interaction.