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Land & New Homes

Unusual serviced apartment firm over-subscribed on Seedrs funding platform

Cuckooz is fund raising for its creche and workspace business, which is part of a group that also offers serviced apartments at six sites in London.

Nigel Lewis

A fast-growing and innovative serviced apartments company offering a mixture of short-term lets, creche facilities and work spaces has raised £151,118 from investors on the crowdfunding platform Seedrs, 50% more than it initially sought.

The money raised values the London-based company at £1.51 million and will be spent on its pay-as-you-go creche and workspace operation, which is currently based at a property in Farringdon.

The company already has eight sites for its serviced apartments which include boutique-hotel style one, two and three bedroom units rented out at between £176 and £370 a night.

Cuckooz says the additional cash will fund its expansion programme including its next creche-and-workspace facility, which will be near Old Street near London’s Square Mile.

Serviced apartments

“After doing a lot of business travel over many years around the world and having been put up in hotels that often weren’t that great for stays of up to three weeks, I and my co-founder Fabienne saw an opportunity to offer quality serviced apartments,” says co-founder Charlie Rosier (pictured, above left).

The business was launched in September 2016 and then in January 2017 Rosier had her first child and experienced at first hand the frustrations of finding flexible child care provision in London for parents with children under two years old.

“We know from first-hand experience that combining work and family is not easy – there is no magic solution to make life lovely 24/7,” says Rosier.

“Having launched [the creche business] almost one year ago, we have already helped over 100 families achieve a better work-life balance.”

Read more about Seedrs.

May 2, 2019

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