Europe’s longest-running tech workspace and startup support organisation has revealed a £2.2m investment in a new Shoreditch location.
Tech Hub has announced a £2.2m investment in its new base, and will moves its 400 resident companies from its spaces in London’s Silicon Roundabout and in Moorgate to the new venue on Clere Street in March.
“London remains the best place in Europe to do business as a growing tech company, no matter what happens with Brexit,” said Tech Hub chief executive and founder Elizabeth Varley, as first reported by City A.M.
“We’re further committing to that by investing in a new Tech Hub in Shoreditch and helping our European firms expand here too.”
Varley said the capital and its tech sector credentials continue to serve Tech Hub.
“We grow as our companies grow, and London tech is booming,” added Varley.
TechHub was founded in 2009 by Varley and Mike Butcher. The new Shoreditch base will also house larger spaces for scale-up businesses with teams of 30 or more, as more of Tech Hub’s companies choose to grow within its walls.
Its London HQ is one of four international locations which also includes Riga, Bucharest, and Swansea.