Techspace, a co-working space seeking to house fast-growth tech scaleups, has announced the closure of a £5m Series A funding round.

The round drew support from a consortium led by real estate investor and entrepreneur Leo Noé.

David Galsworthy, CEO and co-founder of Techspace, said: “Co-working has already grown exponentially over the past few years. There’s been a huge, global shift towards flexible, collaborative workspaces, particularly in technology. We empower our community to focus solely on growth and innovation, leaving workspace considerations to us.

“This investment will enable us to continue supporting tech companies in their growth beyond being startups, develop our offerings in London and also expand to Berlin – a destination that makes perfect sense given the city’s established reputation as a hub for technology innovation,” he added.

Founded in 2012, Techspace now has space for over 75 disruptive technology businesses and over 1000 members across five locations in London.

David Bloom, CEO at Goldacre Ventures, commented on the investment: “I’m excited by the possibilities Techspace offers for both the property market and London’s burgeoning technology scene. After witnessing the culture Techspace has fostered for scale-up businesses in London in such a short space of time, I think it’s important this expands internationally to drive further technology innovation.”

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