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Successfully funded
overfunded
WorkClub
137%
Raised
£342,820
Investors
580
Target
£250,000
Equity
22.22%
Pre-money valuation
£1,200,000

WorkClub transforms under-utilised real estate into productive co-working spaces and provides an affordable membership for remote workers across London. The company has minimal overhead costs and seeks to market and scale to reach other parts of the UK.

  • 500+ members | 800+ guests | 25 WorkClub’s in London
  • Contracts agreed with established UK hospitality and retail businesses
  • Low overheads | Multiple revenue streams | Scalable business model
  • Scaled monthly subscription model aimed at individuals and businesses

Idea

Across the UK, hundreds of commercial venues sit empty throughout large chunks of the day. Meanwhile, we believe thousands of remote workers need a comfortable and professional place to work and meet. WorkClub transforms these under-utilised venues into thriving co-working spaces, boosting profits for venue managers, and providing amazing workspaces for remote workers.

12-month achievements:

· 80+ paying monthly members since March 2019

· Secured multiple venues across the UK with Young's, Hippo Inns, Thistle Hotels, Point Hotels and more

· Listed as a ‘Top 10 startup to watch’ by TechRound

· 4.8* rating on TrustPilot

· Secured 30 businesses to offer discounted WorkClub memberships to members (including ZipCar, PureGym, Bloom & Wild and General Assembly)

· Launched V1 and V2 of the WorkClub digital platform

With zero marginal costs and minimal overheads, we are now ready to scale to meet UK demand.

There were over 4.2m remote workers across the UK in 2015, and 50% of the UK workforce is expected to work remotely by the end of 2020. Plus, 87% of people want to work flexibly, but only 11% of businesses are able to support this demand.

We’re fundraising to expand our offering into other key UK cities, and further develop WorkClub’s technology.

Our goal is to create the world’s largest workspace outside of the workplace.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

WorkClub has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.