SpacetoCo operates an online marketplace that enables users to discover and book community spaces such as sports courts, event venues, offices and performance spaces. The business was built over several years by three former teachers—Daniel McCullen, Daniel Franco and Jeremy Hurst—and has established tie-ups with local councils and universities as well as individual hosts. SpacetoCo completed the Plus Eight tech accelerator in Perth and won backing from angel investor Steve Baxter on Shark Tank in 2018. The company says the capital investment from BetterLabs will allow it to accelerate growth and pursue sustainable international expansion, and it will also gain access to BetterLabs’ operational experience. No revenue or user metrics are disclosed in the article. SpacetoCo operates an online marketplace that lets people hire spaces by the hour, handling availability, booking and payment. The platform activates underutilised spaces (for example spare tennis courts or rooms for events) and simplifies suitability discovery for organisers. Founders are three former school teachers; none have a tech background, which became a factor in their funding discussions. The team has received early positive client feedback on the site's ease of use and sees opportunity for growth around Australia. SpacetoCo is participating in the Plus Eight tech accelerator in Perth, and team members have also taken part in Plus Eight in Silicon Valley and the MassChallenge accelerator in Boston. Financially, the company secured outside equity investment during a Shark Tank appearance.

Total raised

$0M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2018