Peerspace is a peer-to-peer marketplace for booking space for events, meetings and productions. Launched in February 2014, Peerspace is a privately owned company operating in the

San Francisco Bay Area The San Francisco Bay Area, often referred to as simply the Bay Area, is a populous region surrounding the San Francisco, San Pablo, and Suisun Bay estuaries in Northern California. The Bay Area is defined by the Association of Bay Area Go ...

, Los Angeles, New York, Chicago, Austin, Seattle and Washington D.C.

History

Peerspace was founded in 2014 by Rony Chammas and Matt Bendett. Chammas has said that the idea for the company came to him while he was attending

New York University New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then- Secretary of the Treasury Albert Gallatin. In 1832, th ...

trying to find places to meet up with various groups or clubs. Chammas,

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

, and Bendett, head of marketing and acquisitions, met while working together at

Electronic Arts Electronic Arts Inc. (EA) is an American video game company headquartered in Redwood City, California. Founded in May 1982 by Apple employee Trip Hawkins, the company was a pioneer of the early home computer game industry and promoted the ...

(EA). In September 2014, Peerspace announced that it had raised $1.5 million in its first round of

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...

funding. The funding round was led by Structure Capital and the funds were used to expand the Peerspace operations outside of San Francisco. In January 2018, the company announced former Ancestry and

eBay eBay Inc. ( ) is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995 and became ...

executive Eric Shoup as its chief executive officer. Peerspace raised a $16 million Series B funding round, led by GV, in July 2018.

Operations

Peerspace operates a website and mobile app that allow businesses to rent out their location or office to other businesses or individuals. The company provides a marketplace for locations that can be used for various professional and social purposes such as offices, culinary activities, fitness, studios, events, production, performances, and classes. Host spaces listed on Peerspace are zoned for commercial use and bookings are issued as licenses to use creative spaces for a wide range of purposes. The users can rent spaces for short periods of time, which are billed by the hour. Peerspace makes a profit by taking a percent of the transaction from the host and the renter.

References

{{reflist Internet properties established in 2014 Companies based in San Francisco