£20m investment brings East London’s hipster offices to Portugal and the US
Hipster workspaces will be soon arriving in Portugal and the US thanks to a £20m investment from a group of high profile investors.
Second Home, a trendy workspace for technology start-ups, has won the backing of Bebo founder Michael Birch, as well as the Sainsbury family and returning investor Yuri Milner and, with a multi-million-pound investment to fund the company’s global growth.
The innovative offices are based just off Brick Lane in East London, and house 150 companies and social enterprises. Members pay £350 per person per month to use the eco-friendly space, which has semi-transparent walls and a pod-like exterior.
Co-founder Sam Aldenton confirmed that “every penny of our £20m investment was secured after the referendum”.
He added: “Hopefully this shows that far from running away, international investors want to back Brexit Britain.”
Second Home has only been in business since late 2014, but it has already been a hit with investors. In January, the firm raised £7.5m from influential names such as Facebook billionaire Milner, Tencent chairman Martin Lau and venture capital firm Index Ventures.
The distinctive offices can currently be found in Spitalfields and Lisboa, and with new offices opening soon in Holland Park and London Fields.