Workspace booking platform Hotdesk raises $1 million seed round

Workspace booking platform Hotdesk raises $1 million seed round

Dubai-based on-demand workspace booking platform Hotdesk has raised a $1 million seed funding round, led by Virtuzone with participation from AlZayani Investments through its Zayani Venture Capital arm alongside angel investors Youssef Salem, Swvl’s CFO and Khaled AlFahim, board member in Abu Dhabi’s Chamber of Commerce and at Berlin’s Black Lane.

Founded in 2020 by Mohamed Khaled, who until recently was the finance director at Swvl, Hotdesk creates an opportunity for businesses with underutilised workspaces to generate additional revenue through subletting their vacant office space as on-demand workspaces.

The startup was previously backed during its early stages by Flat6Labs.

During its soft launch to date, Hotdesk claims to have generated over $100,000 in gross bookings, acquired more than 1500 users, and 3,000+ rooms and areas from across 55 cities in EMEA. 

Press release:

Hotdesk, a Dubai based provider of transformative shared workspace offerings, today announced that it has raised a $1 million seed funding round to transform how people work. 

The on-demand workspace booking platform enables users to instantly find and book workspaces. Hotdesk’s platform has multiple offerings - desks, meeting rooms and private offices by the hour, day, month, or year. The proprietary technology creates an opportunity for businesses