Peerspace

Peerspace was founded in 2014 in San Francisco, California by Rony Chammas and Matt Bendett with the intention of becoming a B2B version of Airbnb offering rentals of productive places.^[2] The idea originated while Chammas was a student at NYU Stern School of Business and needed to find meeting places for various student organizations he was a part of.^[2] Peerspace venues are designed for events unlike Airbnb which bans disruptive events.^[3] Structure Capital led a $1.5 million seed funding round.^[4] Chammas and Bendett, his co-founder, previously worked together at Electronic Arts (EA).^[5]

Following its 2014 launch in San Francisco, Peerspace expanded to Los Angeles and then to New York City in November 2015.^[5] The expansion to New York City coincided with a $5 million series A round of capital led by Foundation Capital.^[6] In January 2016, the company launched in Seattle.^[7] Two years later, in 2018, GV led a $16 million series B round.^[8]

The company began its international expansion in 2021, launching in Canada and the United Kingdom.^[9] By December 2022, it had more than 2000 hosts active in London.^[10] It launched in France and Australia in 2022, and rebranded a year later.^[11][12][13] By 2024, the company was profitable with $100 million in revenue from $500 million in turnover.^[14]

Peerspace is a two-sided marketplace operating a website and mobile apps that allow businesses to rent out locations to other businesses or individuals.^[5] The marketplace allows hosts to set hourly rental rates and booking terms while taking 15% of the booking cost and providing liability insurance.^[15][16] Users are connected to spaces including art galleries, lofts, rooftops, and other venues.^[17][18]

Eric Shoup became CEO of the company in 2018.^[19] In 2024, Shoup was replaced as CEO by Kevin Yuann.^[14]