Cocoon Space

Cocoon Space targets the flexible office market by providing on-demand private spaces for professionals. Founded in June 2015 by Sylvain Chevet and Jean-Yim Chhoa, the company emerged from their own need for temporary, quiet, and commitment-free workspaces. Their professional backgrounds—Chevet with over a decade in mobile app design and Chhoa with extensive experience in restaurant and event management—shaped the company's foundation. Chevet's expertise drives the platform's user experience, while Chhoa manages the operational selection and management of the physical spaces.

The firm operates on a model that provides private rooms, bookable by the hour or day through a mobile application, catering primarily to small businesses, entrepreneurs, freelancers, and coaches. This service addresses the growing trend of nomadic professionals who require productive environments without the constraints of traditional leases or the distractions of public spaces like cafes. Initially, Cocoon Space utilized a revenue-sharing model with property owners but has since shifted towards securing commercial leases to improve profitability. The company also offers a solution for real estate owners by financing and renovating small office spaces.

Key to its service is the autonomy granted to users. Bookings can be made instantly online or via the app, and access to the spaces is handled through electronic locks with unique access codes, available seven days a week over extended hours. The spaces are fully equipped and range in size, accommodating individuals up to groups of 28 people. In October 2019, Cocoon Space secured €1.3 million in funding from investors Newfund and Nexity to fuel its expansion plans. As of September 2019, the company managed a portfolio of 45 rooms across 12 sites in Paris.

Keywords: flexible workspace, on-demand offices, meeting room rental, proptech, real estate, commercial property, mobile booking, freelance workspace, corporate offsite, autonomous access