Jarvo, the disruptive tech platform, coined the Airbnb for work and set up at the height of the pandemic, which we first reported on last July, has topped its investment target in a record time of 42 seconds, smashing Monzo Bank’s time of 96 seconds back in 2016. Following huge demand, Reading-based Jarvo has already raised more than £360,000 through its Seedrs crowdfunding campaign, which launched recently at 182% of funding.
As the first of its kind to offer out private residential workspaces, Jarvo is turning unused creative spaces, free from distractions and without lengthy commutes, into new places to work. This comes at a time when a third of the UK are still working from home, showing how permanent working habits have changed, unlocking opportunities for the future of home workspaces.
The new platform will also help users to generate extra income by listing their spare workspace as potential work-ready spaces, at a time when people are feeling the effects of the cost of living crisis.
Daniel Hillman, Founder of Jarvo, said: “The traditional office space is dead, and while co-working spaces have opened up a world of collaboration, they also bring a host of challenges with them. They’re rigid, expensive and require lengthy commutes which people are just not prepared to do anymore.
“The future of work needs is one which is decentralised, diverse and truly sustainable - something which consumers are also championing. It was this consumer demand and interest that led us to raise with Seedrs as we wanted to give our community the opportunity to own their very own piece of Jarvo. It’s wonderful to see that so many already share our vision for revolutionising the world of remote work. We look forward to growing on this journey together with our investors and users of the platform.”
Jarvo was founded at the height of the pandemic in 2021 as a result of a frustration at a lack of flexible workspaces outside of the big city centres, and Daniel Hillman’s worry of missing out on quality time with his young daughter as a result of lengthy commutes. The platform already has more than 1,000 homeowners signed up to list their space on the platform, and 13,500+ users waiting to use the platform and discover new workspaces on their doorstep.
The truly flexible workspace platform has ambitions of expanding into new territories, 36 of its current waitlist are based in the USA.