Virtuzone Leads US $ 1 Million Seed Funding Round in Hotdesk to Bring On-Demand Flexible Workspace Solutions to UAE
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Virtuzone, a company that provides business start-up and business support services in the United Arab Emirates, led a US $ 1 million seed fundraiser on the workspace booking platform at the Dubai based demand Hot desk.
Virtuzone and Hotdesk teams
Based at Dubai International Financial Center (DIFC), Hotdesk allows its users to search and reserve workspaces, meeting rooms as well as private offices on an hourly, daily, monthly or yearly basis. While the platform’s many hosts range from coworking spaces and hotel business centers to vacant furnished commercial office spaces, it also offers existing businesses the option to sublet vacant and / or underutilized office space. in order to generate additional income.
AlZayani Investments, a Bahrain-based real estate group, also participated in the round through its venture capital arm, Zayani Venture Capital. Two angel investors, Swvl Chief Financial Officer Youssef Salem, and Abu Dhabi Chamber of Commerce and Industry Board member Khaled AlFahim also invested in the startup.
“We see great potential in the workspace solutions Hotdesk brings, and these align with our goals of removing barriers to entrepreneurship and making it much easier for people to start and do business. UAE and abroad, ”said Neil Petch, president and co-founder of Virtuzone. “With the capabilities that Hotdesk brings to the enterprise market, it may very well become the Airbnb of workspaces.”
“In this period of economic recovery, we must help create opportunities for growth and enable entrepreneurs and SMEs to build a solid base to succeed, ”added George Hojeige, CEO of Virtuzone. “We believe that the global reach and wide range of options offered by Hotdesk can help startups, entrepreneurs and nomads around the world enjoy all the benefits and infrastructure of a traditional office, along with the conveniences. additional benefits of a versatile and agile work environment. “
Through its recent efforts as a lead investor in Hotdesk, Virtuzone aims to bring easier and flexible workspace solutions for business professionals and entrepreneurs in UAE to adapt and adapt to changing work environments following the COVID-19 crisis.
“Businesses got smarter and lighter after COVID-19, and no one wants a five-year unfurnished lease anymore,” said Mohamed Khaled, Founder and CEO of Hotdesk. “Plug-and-play scalable workspace solutions are the way to go. Our primary mission is to help people unleash their productivity and give our guests a chance to make better use of their unused commercial real estate assets.