rent24

About rent24

Rent24 is a global provider of coworking and coliving spaces, offering flexible and innovative work environments for freelancers, startups, and established companies. The company was founded in Berlin in 2015 by Robert Bukvić. Bukvić, who studied international business in the US on a basketball scholarship, was involved in e-commerce and the tech industry before establishing rent24.

The company's business model focuses on providing a comprehensive service that includes not only workspaces but also networking events, business solutions, and accelerator programs. In addition to coworking, rent24 has expanded into coliving, developing micro-apartments and boutique hostels at its locations to allow members to live and work in the same place. The company's revenue streams are generated from memberships for shared desks, dedicated desks, private offices, and tailor-made office suites, as well as fees for the use of conference rooms and event spaces. Rent24 also operates on a franchise model, allowing partners to open and run their own locations under the rent24 brand.

Since its inception, rent24 has grown significantly, operating over 55 locations across three continents in cities like New York, London, Amsterdam, and Berlin. A major milestone was the 2017 merger with Friendsfactory AG, which positioned rent24 as one of the largest coworking providers in Europe. In 2018, the company announced the PRIMARY platform, a blockchain-based solution intended to connect the digital and real worlds of its members, complete with its own cryptocurrency for transactions within the ecosystem. More recently, in 2022, rent24 announced plans to open its first virtual location in the metaverse in partnership with PRIMARY.