Peerspace
| Company type | Private |
|---|---|
| Industry | Venue rental, Event space marketplace |
| Founded | 2014 in San Francisco, United States |
| Founder | Rony Chammas, Matt Bendett |
| Headquarters | San Francisco , United States |
Area served | North America, Europe, Australia |
Key people | Kevin Yuann (CEO as of 2024), Eric Shoup (former CEO 2018–2024) |
| Products | Hourly venue rentals for meetings, productions, and events |
| Website | peerspace |
Peerspace functions as a digital platform specializing in hourly venue rentals tailored for meetings, productions, and various events. Established in 2014 in San Francisco by Rony Chammas and Matt Bendett, the enterprise is supported by investors like GV and Foundation Capital. Its network includes 40,000 venues spread across North America, Europe, and Australia.
History
The inception of Peerspace was inspired by a B2B model akin to Airbnb but concentrated on spaces designed for professional gatherings and events. The idea took shape when Chammas, attending NYU Stern School of Business, sought suitable meeting locations for student organizations. Unlike Airbnb’s focus on residential accommodations, Peerspace specializes exclusively in event space rentals. Structure Capital spearheaded a $1.5 million seed investment, with founders Chammas and Bendett bringing prior experience from Electronic Arts.
Following its initial launch in San Francisco, Peerspace extended its presence to Los Angeles and New York City by the end of 2015, supported by a $5 million Series A funding round led by Foundation Capital. The company then expanded into Seattle in early 2016. In 2018, GV led a Series B round totaling $16 million.
Peerspace began its international growth in 2021 by entering the Canadian and UK markets, where it had amassed more than 2,000 active hosts by late 2022. Further expansions into France and Australia occurred in 2022, accompanied by a corporate rebranding in 2023. By 2024, the company reached profitability with $100 million in revenue generated from $500 million in total bookings.
Operations
Operating through its website and mobile applications, Peerspace facilitates a dual-sided marketplace that allows businesses to lease venues to other companies or individuals. Hosts determine hourly pricing and rental conditions, while Peerspace charges a 15% commission fee and offers liability insurance coverage. The platform connects clients with an array of distinctive locations including art galleries, lofts, rooftops, and other unique environments.
Eric Shoup held the position of CEO from 2018 until 2024 when Kevin Yuann took over the role.