Tally Market Secures Seed Funding from Prominent Business Angel Investors
Tally’s mission is to support new ways of working with a truly flexible solution – maximising team productivity and satisfaction.
London, April 27th, 2021 – Tally Market, the on-demand workspace platform for teams, announced that it has just closed a six-digit seed financing round. The oversubscribed round was funded by a group of prominent angel investors and startup veterans, and brings Tally Market’s funding to date to £330,000.
Since its launch in August last year, Tally Market has gained significant traction, now with over 300 spaces on the platform across the UK. They have partnership agreements with some of the biggest space operators in the country (such as Huckletree, Runaway East, Mercure, Us&Co and so many more). The funding will be used to grow the Tally Market team and further invest in technology and customer acquisition.
Investor Anthony Ward, CEO at Armajaro Holdings Limited, said:
“We continue to see companies embracing new ways of working and hence increasing the demand for flexible and on-demand workspace. Tally Market’s platform does an amazing job of connecting companies and their employees with a great range of spaces across the UK. I’m excited to invest in Tally Market, and look forward to seeing the product, team, and market scale”
Tally Market’s workspace platform provides teams with on-demand access to hot desks, meeting rooms and day offices at coworking and hospitality venues across the UK. With Tally Market, team members get credits to book a large range of workspaces searchable by facilities, location, and size. They also offer part-time office leases for teams looking for a central space to meet just a few days a week. Whether a team is remote-first, hybrid, or has an office but is looking to support new ways of working, Tally Market is a truly flexible workspace solution.
Investor Jamie Thomas, Co-founder at The Purpose Index and The Network Lab, said:
“The workplace is changing. Employees are demanding flexibility in both timing and locality of their work, and businesses need to maintain performance, security, and wellbeing. Tally Market is best positioned to solve this need in the same way Airbnb did for the homestay rental market.”
Tally Market is also helping co-working spaces and hospitality venues, which have been hard hit by COVID-19, create another revenue stream. Tally Market has been awarded Innovate UK funding from their Sustainable Innovation Fund, which was set up to fund new projects focusing on driving a sustainable economic recovery from COVID-19.
Tally Market was founded in 2020 by friends Laura Beales and Jules Robertson. At the time, Laura was working at the healthcare marketplace, Florence, while Jules was working athe B2B fintech Soldo. They created Tally Market to support flexible and new hybrid ways of working.
Jules Robertson, the Co-founder of Tally Market, said:
“Companies are struggling to support their employees with a new hybrid way of work, with it often becoming apparent that the home is failing to provide the right conditions for productive work and traditional offices are not ideal for collaboration.”
Laura Beales, the Co-founder of Tally Market, says:
“We are very proud of our achievements over the past nine months but we have barely scratched the surface of the opportunity ahead of us. There are over 14.3 million desk-based employees in the UK, many of which are struggling to adapt to new ways of working. The flexibility, cost-saving and ease of use that Tally provides is a game-changer for companies and their teams.”