INVEST RAISE ABOUT INSTITUTIONAL arrow_back BACK Downing Ventures supports £4 million investment in digital office broker, Hubble 21 January 2019 Hubble is the booking.com for flexible office space, an online platform that makes it easy to search, compare and transact across the whole London flexible office space market, with over 5,000 live office listings. Hubble places a business in a new office every 3 hours and the company’s typical clients range from freelancers looking for a desk for a few months, to 150+ established SMEs and larger corporates looking to reduce their long term lease liabilities. Hubble has worked with the likes of Funding Circle, WPP and Accenture to find an office or sublet excess desk space. The market for flexible office space, which is made up of serviced private offices and co-working spaces offered on shorter rental periods, has grown from 0.5% to 5% of the total London office market in the past 5 years and is projected to comprise over 30% of global corporate property portfolios by 2030. Downing has invested alongside Jones Lang LaSalle’s global venture fund, JLL Spark, and Starwood Capital as part of the funding round. Michael Tefula, Associate at Downing Ventures, comments: “Hubble brings us closer to what we believe is the future of property. The platform makes it easier for all manner of businesses to search, compare, and secure flexible office space, helping them adapt and thrive as their needs change. “Having invested in over 40 early-stage technology companies, Downing Ventures knows the challenge of securing flexible office space as a business grows and Hubble helps alleviate this. We are therefore excited to partner with Hubble’s exceptional team, who are already making a positive difference to the entrepreneurial economy.” - ends - For all press enquiries, please contact: Pamela Morris, PR Director at the lang cat 0131 202 6037 / 07712 515 503 pamela@langcatfinancial.com Jean Birrell, Downing LLP 07799555353 jean.birrell@downing.co.uk Downing Home Our story The team News & views Responsible investing Careers Contact us Invest Bonds EIS Estate planning Downing Fund Managers VCT Existing investor Investor centre Institutional Institutional investors Infrastructure asset management Raise Development Capital Energy Healthcare Leisure Property Wholesale Finance Ventures Ventures home About ventures Portfolio Ventures team Ventures careers Legal & support Privacy & cookie policy Information Security Policy Statement Terms and conditions Terms of business Inducement disclosure FAQs Pillar III Modern slavery statement Fraud prevention Complaints Social Twitter LinkedIn Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: St Magnus House, 3 Lower Thames Street, London EC3R 6HD. VAT Number: 112 940 149 We use cookies to ensure that we give you the best experience on our website. Click here for more information. DISMISS Feedback