PeerSpace, Inc., a San Francisco, CA-based peer-to-peer marketplace dedicated to unique short-term commercial spaces, raised $5m in Series A funding.
The round was led by Foundation Capital.
The company will use the funds to continue to expand to key markets throughout the U.S. next year as well as hire new people.
Led by Rony Chammas, Co-founder and CEO, and Rusty von Waldburg, COO, PeerSpace is an online marketplace that allows guests to find and book short-term spaces for professional and social activities. Launched in 2014, the platform allows hosts, commercial space owners, to make more efficient use of their spaces by opening doors to guests looking for short term spaces.
Due to growth in San Francisco and Los Angeles, PeerSpace is now expanding into New York City.