UK – Patch, a London, UK-based company providing neighbourhood space for work, community, and events, raised £3M in funding.
The round was led by JamJar Investments, Blue Wire Capital, Vectr7 Investment Partners LLP, Active Partners and Triple Point Ventures, with participation from Matt Clifford, Peter Roberts, Emma Woods, Jeremy Sanders, Wendy Becker, Simon Murdoch, Zoe Jervier and Caroline Plumb.Founded in 2020 by Freddie Fforde, Patch is on a mission to create workspaces that offer shared office spaces which sit alongside spaces for community and cultural activities, local businesses and events. The company has also created Patch Academy, which facilitates a range of activities, from educational talks, roundtable discussions, networking events, workshops and away days, and Patch Market, which hosts more informal, interactive events, including talks, screenings and pop-up markets.The company intends to use the funds to grow the team, and expand its network of spaces. With a Patch already up and running in Chelmsford, Essex, the company is set to launch two new locations in Summer 2023; unveiling sites in Twickenham, Greater London and High Wycombe, Buckinghamshire. More launches are planned for 2023 and beyond, with the team aiming to open up to 100 sites over the coming years. 20/03/2023
