money funding

Appear Here, an online marketplace for short-term retail space, has raised $12m in Series B funding.

The round was led by Octopus Ventures and drew support from Simon Venture Group, alongside existing backers Balderton Capital, MMC Ventures, Meyer Bergman and Playfair Capital.

The funding announcement, which comes months after the firm announced its expansion to the US, brings Appear Here’s total raised to date to $21.4m.

“With our international expansion, we’re excited to continue to build deep relationships in the top retail cities around the world,” Ross Bailey, the CEO, said in a statement.

“This is the perfect time for us to scale; we’ve got offices in London, Paris and New York, and now we’re looking forward to launching more tools and opening up new locations for our growing community to take their ideas to the next level,” he added.

Rebecca Hunt of Octopus Ventures, who will join Appear Here‘s board of directors also commented on the news.

“At Octopus Ventures, we’re focused on backing unusually talented entrepreneurs, and Appear Here is the perfect fit for us. Appear Here entirely transformed the market for commercial rental space. We look forward to supporting Ross and the team in the next stage of their journey.”

Forward Partners have also invested in London-based Appear Here in the past.

To check out the latest UK tech investment rounds, visit the Tech City News Investment Tracker.