Hubble, an online platform for flexible office space, has secured €2.3m (£2m) in funding from Pi Labs, taking total funds raised for the business to €11.6m.
Pi Labs’ investment follows that of JLL Spark and Starwood Capital, which invested £4m in the business in 2019.
Hubble co-founder and chief executive Tushar Agarwal said: “The last 14 months have completely transformed the relationship between work and the workplace. Office space is a $22tn asset class, which will see its biggest change in a generation in the next five years.
“Hybrid working will become the new normal, as employers and employees seek to find the right balance between office and remote working. We are proud to have been continuously backed by the biggest proptech investors in the world, to make hybrid working easy and accessible to businesses of all shapes and sizes.”
Hugo Silva, investment manager at PiLabs, added: “We are seeing a huge shift in the future of work. Businesses want to be able to transition to a hybrid working model, but this is new and difficult for many. We have been seriously impressed with Hubble’s ability to deeply understand a new customer problem and use their foundation as pioneers in the flexible office market, to build a solution that makes hybrid working easy.”
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