Flexday
Get workspace freedom with 55+ professional workspaces and 12k+ members in Toronto.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
* | N/A | Seed | |
| Total Funding | 000k | ||
Flexday operates as a marketplace for flexible office spaces, headquartered in Toronto, Canada. Founded in 2017 by Justin Raymond, a serial entrepreneur now on his seventh venture, the company aims to modernize how businesses and individuals secure work environments. The firm addresses the needs of a diverse clientele, from individual freelancers and remote workers to large enterprise teams seeking adaptable office solutions for hybrid work models.
The core of Flexday's operation is its online platform and mobile app, which provides users with on-demand access to a network of workspaces across Canada. The inventory includes individual coworking desks, private offices for focused work, meeting rooms for collaboration, and fully-furnished "Flexday Suites" designed for larger teams. Initially, the company creatively utilized the downtime in restaurants, converting them into temporary productive workspaces for its members. It has since expanded to include professionally managed coworking venues and dedicated, private office suites. For corporate clients, Flexday offers a "Hub & Spoke" model, allowing companies to maintain a smaller central office (the hub) while providing employees with access to a wide network of locations closer to their homes (the spokes), which can lead to significant real estate cost reductions.
Revenue is generated through direct bookings of spaces, which can be rented by the hour, day, or month, offering a no-lease, zero-commitment approach. Pricing varies by the type of space, with options for single coworking desks, meeting rooms, and private offices for teams of various sizes. The company also provides a "Team Plan" that enables businesses to extend workspace access to their entire workforce on an as-needed basis. For property owners and landlords, Flexday acts as a marketing and technology solution, helping them position their properties to capture revenue from the growing demand for fractional and on-demand office use.
Keywords: flexible workspace, on-demand office space, coworking, hybrid work solutions, meeting room rentals, private offices, shared office space, corporate real estate, proptech, office booking app, workspace as a service, remote work, Toronto startups, Justin Raymond, fractional office, team suites, office leasing, workspace network, cost-effective office, workplace strategy