WASHINGTON, April 26, 2022--(BUSINESS WIRE)--WorkChew, a company powering the future of work by turning hotels, empty office spaces, and restaurants into workspaces, announced today that it has acquired the workspace assets of KettleSpace, an industry pioneer provider of premium flexible workplace solutions in New York City. The acquisition increases WorkChew's presence in the flexible workplace sector and greatly expands its footprint in New York City.
The acquisition helps WorkChew continue to meet rising demand from companies looking for agile workspace solutions as they roll out post-pandemic hybrid work models where employees work in and outside the office.
KettleSpace is among the elite flexible workspace providers in New York, serving thousands of professionals since 2016 across a network of flexible locations. Its membership consists of a thriving community of small businesses, freelancers, and enterprise businesses.
"We decided to focus on building our SaaS product line during the pandemic as the workspace business was at a standstill. When deciding to sell our workspace product line, we looked at the players in the industry, and we felt like WorkChew was clearly the best flexible workspace operator out there," said KettleSpace CEO Nick Iovacchini.
"Flexible workspace is playing an increasingly central role in companies' workplace strategies. We have been building our company to maximize flex space opportunities. Combining forces with KettleSpace now enables us to be positioned as the industry leader in New York, a key market for us. In New York, we see energy, creativity, and a large pool of people who enjoy flex work and leveraging collaborative spaces outside of their homes," said WorkChew CEO Maisha Burt.
Companies of all sizes are searching for workspace options extending beyond urban centers and into the suburban markets as more and more people are searching for office space closer to home. With this acquisition, WorkChew is positioned to bring an innovative, best-in-flex platform to customers of all sizes in primary and secondary cities across the U.S.
WorkChew currently has over 100 locations across in more than 20 cities and suburbs in the U.S. WorkChew participated in the 2020 Comcast NBCUniversal LIFT Labs, powered by Techstars, gaining mentorship from top executives at Comcast NBCUniversal and venture capital investment.
WorkChew raised $2.5 million in March 2021, in an oversubscribed seed round led by Harlem Capital with participation from Wilshire Lane Partners, Techstars Ventures, and Relish Works. The investment round also included individual investments from strategic angels, including Kabbage co-founder & COO Kathryn Petralia, Etsy co-founder Chris Maguire, and Kyle Tibbits of Paradox Capital.
KettleSpace members will become WorkChew members and continue to access KettleSpace legacy and WorkChew locations. Employers or employees looking for flexible workspace options can check out WorkChew's selection of premium spaces by going to www.workchew.com/workspaces.
WorkChew helps people find and book flexible workspace in hotels, restaurants and empty office spaces across the United States. By partnering with hospitality and office venues and turning their underutilized space into a network of on-demand workspaces, WorkChew provides its members with reserved seating, private meeting space, secure-high-speed WIFI, and exclusive food perks. For more information about WorkChew, please visit at www.workchew.com
As an industry pioneer in flexible work, Kettle has recently launched KettleOS, a new software platform purpose-built for orchestrating hybrid teams. People get better tools to manage their time, empowering teams to effectively self-organize. Leaders get the visibility they need to help cultivate experiences that bring people together with purpose. For more information about Kettle, please visit www.KettleOS.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220426005505/en/