FlySpaces matches tenants with retail pop-up sites
Philippine startup FlySpaces has started matching short term retail tenants with pop-up spaces in three Southeast Asian markets.
The self-professed “real estate business disruptor” is involved in a plethora of leasing categories including shared office space, hotdesks, co-working locations, conference and meeting rooms, training and workshop spaces – as well as galleries, event spaces and retail spaces suitable to pop-ups or more long term arrangements.
It operates online, charging booking fees to space providers.
Launched in Makati City in October 2015, FlySpaces expanded into Singapore in January last year after raising funding from two Philippines-based private equity investors and a German company, among others. Entrepreneurs Michael Brehm and Thomas Baum early investors in eCommerce sites including Ensogo, Dealguru, City Delivery and Foodrunner, are among current backers.
In November it acquired co-working space platform 8spaces for an undisclosed sum.
FlySpaces CEO Mario Berta said last year’s Singapore launch marked the beginning of a planned expansion throughout Southeast Asia.
“We are indeed ready to take off,” Berta said at the time. “With this capital, our aim to conquer SEA is moving even faster than we thought. I am personally astonished by the amount of interest we received from investors. We only aimed to raise $100,000 to $150,000 but we’ve tripled that and had to decline other potential investors, too.”
Berta says the FlySpaces’ business model is to provide information on available office space and rental space in major cities.
What makes the service different to others is that it allows businesses to easily offer long or short term accommodation for retailers or workers in a less formal arrangement than via complex leases. If someone wants just a desk in an existing office – and a company has space it wants to fill to alleviate high rents – a match can occur on FlySpace.