AndCo

Idea

Introduction

We believe that everyone should be able to work from wherever. Rather than on-the-go professionals spending their hard-earned cash on co-working spaces and meeting rooms designed to look like hotel lobbies and fancy restaurants, we turn actual hotel lobbies and fancy restaurants into co-working spaces.

So how does it work? Simple. You pick one of our huge list of spaces that you like, book it, turn up and get some work done. Whether on mobile, tablet or laptop you can easily browse by location, date and you can see who else is working there as well!

You’ll have a desk reserved for you, & access to the secure AndCo WiFi (& enjoy an exclusive uniform login across all AndCo venues) for the duration of your visit...also no competition for spots or steely stares from the staff. Through their venue dashboard, they already know you're coming!

AndCo's super simple subscription price of £20 a month or £99 a year, with no sign-up or booking fees, AndCo fits in with how you want to work.

KEY HIGHLIGHTS
The AndCo marketplace empowers both the f&b/hospitality sector to optimise and develop their own co-working and meeting rooms whilst the on-the-go working professionals realise more affordable sustainable alternatives.

B2B and B2C subscription model, that has implemented a strategy that addresses the multigenerational needs for an on demand, community enabled and experienced driven alternative workspaces.

AndCo has created a strong position in a market with high barriers to entry through our approach to venue onboarding.

Intended impact

Remote work isn't niche anymore—it's everywhere - Zapier Nov 2019

More than 90% of the work-related carbon footprint of the average employee is accounted for by their commute - edie.net.

AndCo is an open-source, cost-effective, sustainable solution to co-working.

The AndCo marketplace empowers both the f&b/hospitality sector to optimise and develop their own co-working and meeting rooms whilst the on-the-go working professionals realise more affordable sustainable alternatives.

🌍 Remote working is valued at £74 billion in 2020 – Marcom News

🌍 In total, it’s estimated that the self-employed market contributes £275 billion to the UK economy – Simply Business

🌍 Estimated 1 Billion remote workers by 2035 - Nomad List

🌍 FirstBase have predicted that by 2024/2025 123m people will be working remotely, and we agree

Substantial accomplishments to date

ANDCO IN NUMBERS:

- 90+ Venues
- 1200+ Members
- 36,000+ hours booked through the AndCo platform
- 300+ venues in the pipeline
- £120+ customer lifetime value
- +50% conversion rate
- +27% growth month on month
- 10+ Brand partnerships

PRESS

40+ pieces of coverage in the national, local and trade press including:
- Forbes
- The Telegraph
- Evening Standard
- City AM
- The Metro
- Restaurant Industry News
- British Airways & Easyjet In-Flight Magazines

Monetisation strategy

1. Subscription Model - Rolling subscription paid by members of £20 per month or £99 a year

2. Meeting room booking fee - AndCo will take a percentage of the meeting room fee

3. Brand Partnerships - fee per acquisition partnerships

Use of proceeds

AndCo is now ready to accelerate growth with spend specifically directed to:

MARKETING - Increase marketing spend, optimising marketing channels and demographic data. Marketing channels to include, social media paid ads, digital display ads, content marketing, PR and partnerships. Expansion on community interaction between members, continued growth of already successful meet-ups and events

DEVELOPMENT - Further platform development, dynamic meeting room integration further feature build-out.

RECRUITMENT - Expansion of team as AndCo scales.

WORKING CAPITAL - Expansion of number of venues from the pipeline of over 300. Moving forward towards being cashflow positive.

Investor Perks

Investment of £250+ and receive free 6 months AndCo membership
Investment of £500+ and receive free 1 year AndCo membership
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