We’re excited to announce that Hotdesk has acquired Barcelona-based coworking app Yado, marking a major milestone in our expansion into Europe. The acquisition brings over 100 coworking spaces across Spain’s most dynamic cities onto the Hotdesk platform — and it’s just the beginning.
Key Takeaways
Hotdesk has acquired Barcelona-based coworking app Yado, marking the company’s expansion into Europe.
The acquisition adds 100+ coworking spaces across Barcelona, Madrid, Valencia, Sevilla, Granada, Málaga, and Bilbao.
Hotdesk’s global footprint now spans 1,100+ coworking spaces across 179 cities worldwide.
The platform is seeing over 10,000 monthly bookings, with Spain opening the door to broader Spanish-speaking markets.
Anna Albareda and Cristina Santa of Yado with Mohamed Khaled of Hotdesk.
With Dubai as our home base, Hotdesk was always designed to become a global play. Spain’s coworking scene and hybrid work adoption is strong, with a range of young professionals — from freelancers to creatives, SMEs to flexible enterprise — actively seeking on-demand workspace solutions.
Yado has been operating since 2019, building a network of over 100 coworking spaces across Spain’s most important cities: Barcelona, Madrid, Valencia, Sevilla, Granada, Málaga, and Bilbao. That hyper-local expertise, combined with Hotdesk’s global platform and technology, creates a powerful combination.
Spanish City
Now on Hotdesk via Yado
Barcelona
Yado’s home base — largest concentration of listed spaces
Madrid
Spain’s capital and business hub
Valencia
Fast-growing tech and startup ecosystem
Sevilla
Southern Spain’s cultural and commercial center
Granada
University city with growing digital nomad community
Málaga
Emerging tech hub and remote work destination
Bilbao
Basque Country’s economic powerhouse
What This Means for Hotdesk Users
The acquisition means Hotdesk users can now book coworking spaces across all seven major Spanish cities directly through the same platform and app they already use. Whether you’re a digital nomad spending a month in Barcelona, a team running a workshop in Madrid, or a freelancer hopping between Valencia and Málaga — the inventory is now live and bookable.
At the time of the acquisition, Hotdesk was already seeing over 10,000 monthly bookings. Adding Yado’s Spanish inventory to our global network of 1,100+ spaces in 179 cities creates seamless access for our users as they work across borders.
What Each Side Brings
Hotdesk Brings
Global platform with 1,100+ spaces in 179 cities
10,000+ monthly bookings and growing user base
On-demand booking technology and infrastructure
Gateway to MENA, Asia, and global markets
Yado Brings
100+ coworking spaces across 7 Spanish cities
Hyper-local Spanish market expertise since 2019
Strong network of freelancers, creatives, and SMEs
Gateway to broader Spanish-speaking markets
From the Founders
Mohamed Khaled, Co-Founder and CEO of Hotdesk: “With Dubai as our home-base, Hotdesk was always designed to become a global play. The coworking scene and hybrid work adoption in Spain is strong, with a range of young professionals ranging from freelancers to creatives, SMEs to flexible enterprise. Together, our core focus will be to infuse hyper-local Spanish DNA into our game, especially looking at the growth potential of both Spain and other Spanish speaking markets as we grow across the globe.”
Anna and Cris, Co-Founders of Yado: “Working remotely is the future, and this is a very interesting moment to join forces with an international company like Hotdesk to help expand the reach across Europe in particular. The market has turned on its head over the last few years, and now there is more demand than ever before for flexible working options.”
Hotdesk’s Global Footprint
The Yado acquisition is a key step in Hotdesk’s mission to become the global standard for on-demand workspace booking. From our roots in Dubai to our growing presence across EMEA and beyond, every acquisition and expansion brings us closer to a world where workspace is available on demand, anywhere, anytime.
Hotdesk by the Numbers
1,100+ coworking spaces. 179 cities. 10,000+ monthly bookings. Now spanning the UAE, Egypt, Spain, and beyond.
Hotdesk, the Dubai-based on-demand workspace booking platform, acquired Barcelona-based coworking app Yado in January 2023. The acquisition marked Hotdesk’s expansion into Europe and added over 100 coworking spaces across major Spanish cities including Barcelona, Madrid, Valencia, Sevilla, Granada, Málaga, and Bilbao to the Hotdesk platform.
What is Yado?
Yado is a Barcelona-based coworking app that has been operating since 2019. It offers access to over 100 coworking spaces across major cities in Spain, including Barcelona, Madrid, Valencia, Sevilla, Granada, Málaga, and Bilbao. Co-founded by Anna Albareda and Cristina Santa, Yado was acquired by Hotdesk in January 2023.
How many coworking spaces does Hotdesk have after the Yado acquisition?
After the Yado acquisition, Hotdesk expanded to over 1,100 coworking spaces across 179 cities worldwide. The addition of Yado’s 100+ Spanish coworking spaces strengthened Hotdesk’s European footprint significantly.
Why did Hotdesk expand into Spain?
Hotdesk expanded into Spain because the coworking scene and hybrid work adoption there is strong, with a range of young professionals from freelancers to creatives, SMEs to flexible enterprise. Spain also serves as a gateway to other Spanish-speaking markets globally.
Can I book coworking spaces in Spain through Hotdesk?
Yes, following the Yado acquisition, Hotdesk users can book coworking spaces across major Spanish cities including Barcelona, Madrid, Valencia, Sevilla, Granada, Málaga, and Bilbao directly through the Hotdesk platform and app.
Mohamed Khaled is the Founder and CEO of Hotdesk, the on-demand workspace platform providing access to coworking spaces and flexible offices across more than 120 countries.
He spent nearly a decade at PwC before moving into financial leadership at SWVL, where he led the company’s $1.5 billion Nasdaq listing, the first Unicorn from the Middle East to go public in the United States.
A Forbes 30 Under 30 honoree, Mohamed built Hotdesk from a side project into a global platform, leading a team of more than 50 and expanding into international markets, including the acquisition of Spain-based coworking marketplace YADO.
Also being Co-founder and President of DESK Token, the world’s first asset backed property investment and utility hybrid token, Mohammed is focused on building infrastructure that unlocks underutilized assets – from meeting rooms to private offices and full on buildings – while creating space for the future of work.
The pandemic’s arrival has poured accelerant on long-established rules of how, when and where we work. Whilst some working trends will remain, a significant majority of companies and individuals have had to reshape the way they work. An article from Harvard Business Review states “Flexibility around how, where and when people work is no longer a differentiator, it’s now table stakes.”
WHY?
Life Before C… and Life After C… have one common denominator, time. Time is the world’s most valuable and scarce commodity, yet we all find ourselves spending time on tasks that could be done more efficiently. Combining this with the world’s on-going transformation is why HotDesk continues to do what it does – provide you with the flexibility that you deserve to ensure you #GetThingsDone without the time-consuming extras. Within just a few clicks you’ve got access to a world of remote working spaces ready to be occupied within minutes.
HOW?
As an individual, student, entrepreneur, SME or Fortune 500 you have without a doubt experienced first hand the shakeup that traditional 9-5 employment has undergone within the past couple of years. You may be tired of working from what was once the comfort of your home or perhaps you want to cut back on leasing costs by moving your office to a more budget-friendly location now that new working policies have been implemented. No matter what your requirements are, no matter how big or small your organization is, HotDesk is here to provide you with an option that will be tailored to your needs.
Who You Are
Your Challenge
How Hotdesk Helps
Individual / Student
Tired of working from home, need a professional space
On-demand desk or meeting room access, book by the hour
Entrepreneur / Freelancer
Need flexible workspace without long-term commitment
Plug-and-play solutions from coworking desks to private offices
SME
Want to cut leasing costs and scale flexibly
Budget-friendly locations with tailored workspace options
Fortune 500 / Enterprise
Implementing new hybrid working policies
Scalable workspace solutions across multiple locations
WHAT?
Imagine if you were asked this question; You get to choose one location to work remotely from one day a month – Where is it? Look no further, HotDesk can provide you with a solution no matter where you want to go. Remote-work as we know today is defined most simply as; an employment arrangement in which employees do not commute to a central place of work, such as an office building. HotDesk, your go-to-platform provides you with limitless opportunities – from a desk in a co-working space for a few hours, to a meeting room in a business center or a state of the art office (think Herman Miller chairs and ergonomic desks) in the city’s financial district. Don’t quote us on the aforementioned time statement – because you might end up spending as much time looking for your next remote working location as you do looking for what to watch on Netflix. Either way, HotDesk is here…is here to stay… is here to provide a solution in this Life After C… is here to make sure you #GetThingsDone
Life Before vs. Life After C…
Life Before C…
Rigid 9-5 employment at a fixed location
Long-term unfurnished leases
Commuting as the default
Flexibility seen as a differentiator
Life After C…
Hybrid and remote work as the norm
Plug-and-play scalable workspace solutions
On-demand access within minutes
Flexibility is now table stakes
Hotdesk Is Here to Stay
HotDesk is here…is here to stay… is here to provide a solution in this Life After C… is here to make sure you #GetThingsDone
The pandemic poured accelerant on long-established rules of how, when and where we work. A significant majority of companies and individuals had to reshape the way they work. As Harvard Business Review states, flexibility around how, where and when people work is no longer a differentiator — it’s now table stakes.
Why do people need flexible workspaces after the pandemic?
Time is the world’s most valuable and scarce commodity, yet people spend time on tasks that could be done more efficiently. Many are tired of working from home or want to cut back on leasing costs by moving to more budget-friendly locations. Flexible workspaces provide the right option tailored to individual and business needs.
Who can benefit from Hotdesk’s flexible workspace solutions?
Whether you’re an individual, student, entrepreneur, SME or Fortune 500, Hotdesk provides options tailored to your needs. No matter how big or small your organization is, Hotdesk provides flexible workspace solutions from a desk in a co-working space for a few hours, to a meeting room or a state-of-the-art office.
What types of workspaces does Hotdesk offer?
Hotdesk provides limitless opportunities — from a desk in a co-working space for a few hours, to a meeting room in a business center or a state-of-the-art office in the city’s financial district. All workspaces are available on demand, ready to be occupied within minutes with just a few clicks.
Is remote work here to stay?
Yes. Remote work has been on the rise for years and the pandemic accelerated adoption to the point where it has become the norm. Flexibility around how, where and when people work is now considered table stakes, not a differentiator. Hotdesk provides the infrastructure to support this new way of working.
Mohamed Khaled is the Founder and CEO of Hotdesk, the on-demand workspace platform providing access to coworking spaces and flexible offices across more than 120 countries.
He spent nearly a decade at PwC before moving into financial leadership at SWVL, where he led the company’s $1.5 billion Nasdaq listing, the first Unicorn from the Middle East to go public in the United States.
A Forbes 30 Under 30 honoree, Mohamed built Hotdesk from a side project into a global platform, leading a team of more than 50 and expanding into international markets, including the acquisition of Spain-based coworking marketplace YADO.
Also being Co-founder and President of DESK Token, the world’s first asset backed property investment and utility hybrid token, Mohammed is focused on building infrastructure that unlocks underutilized assets – from meeting rooms to private offices and full on buildings – while creating space for the future of work.
Hotdesk revolutionizes the way you search for and book your next workspace. Within just a few clicks you’ll be on your way to your favorite co-working space, ideal remote working office or your new plug and play office. Hotdesk’s app has put the user experience at the forefront of its design. Understanding your needs and requirements as well as offering potential solutions based on prior searches makes Hotdesk what you need to unleash your productivity.
Discover Workspaces Near You
Perhaps you weren’t aware that there’s a popular co-working space just around the corner from you, well Hotdesk’s intuitive Hottest Picks Nearby uses your current location to offer you the most booked and highest trending venues around you.
Filter and Find the Right Space
If you’re already aware of the type of space you’re looking for, then the Hotdesk app allows you to filter locations based on your preferences. Looking for a desk for an hour, Hotdesk will display all the available hotdesks within your location with relevant prices. If you and your team would rather conduct your weekly meeting somewhere easily accessible for all team members, you can search for meeting rooms in the preferred location. If your company is looking to upsize, downsize or just modernize your current setup, Hotdesk also displays available office spaces including information such as monthly prices, front desk services and parking availability along with a ton more to make your decision easier.
What You Need
How Hotdesk Helps
A desk for an hour
Displays all available hotdesks in your location with relevant prices
A meeting room for the team
Search by location for rooms easily accessible to all team members
An office to upsize, downsize, or modernize
Shows available offices with monthly prices, front desk services, parking, and more
A 24-hour space for an all-nighter
Book spaces like WeWork that are open 24 hours a day
A space within 30 minutes
Book a desk for an hour within 30 minutes of the current time
Book in Minutes
Once you’ve chosen your next working location, you’ll transition onto the booking page, which provides a clear visual of the space you’ve chosen along with relevant information about the operating hours of the location, the amenities included and the price. When you’re ready, click the preferred date and time to proceed with your booking. Do you have a Zoom call in 30 minutes but need a space to take it from? No problem, you can book a desk for an hour within 30 minutes of the current time. Want to pull an all-nighter before your exam, no problem. Book a space at WeWork, which is open 24 hours a day. If you’d rather filter availability by price, then that’s also an option.
Manage Your Bookings
As soon as you’ve confirmed your booking you’ll receive an email confirmation as well as a notification in your Hotdesk inbox. Through the app you’ll be able to see your past bookings as well as upcoming bookings. Want to cancel a booking, you can do so directly from the app 48 hours in advance.
Booking Management at a Glance
Email confirmation + in-app notification on every booking. View past and upcoming bookings. Cancel directly from the app up to 48 hours in advance.
For Workspace Hosts
If your organization has available office space whether that’s a meeting room, an office or a desk, Hotdesk is here to help you. Hotdesk will provide marketing support, access to an extensive user base and a team on standby to support and help you. Hotdesk can help turn your underutilized space into value, revenue generating assets within just a few clicks.
The Hotdesk App: Users vs. Hosts
For Users
Discover trending workspaces near you
Filter by space type, location, and price
Book in minutes — from 1 hour to 1 year
Manage and cancel bookings in-app
For Hosts
Marketing support for your listings
Access to an extensive user base
Dedicated team on standby
Turn idle space into revenue generators
The Hotdesk app aims to be your go-to platform for all your working requirements. If you believe the app or the user experience can be better, leave feedback so Hotdesk can continue to improve. Utilizing the valuable feedback, the Hotdesk app continues to incorporate features that will make your experience the best it can be to ensure you #GetThingsDone!
The Hotdesk app lets you search for and book workspaces within just a few clicks. You can filter locations based on your preferences — desks, meeting rooms, or offices — with relevant prices. The app uses your current location to show the most booked and trending venues nearby via its Hottest Picks Nearby feature.
What can you book on the Hotdesk app?
You can book desks for an hour, meeting rooms for team sessions, and private offices for longer-term needs. The app displays available workspace options within your location along with information such as monthly prices, front desk services, parking availability, and more.
How fast can you book a workspace on Hotdesk?
You can book a workspace very quickly on Hotdesk. For example, you can book a desk for an hour within 30 minutes of the current time if you have a Zoom call coming up. The booking page provides a clear visual of the space, operating hours, amenities, and pricing so you can confirm instantly.
Can you cancel a booking on the Hotdesk app?
Yes, you can cancel a booking directly from the Hotdesk app 48 hours in advance. The app also lets you view your past bookings and upcoming bookings, and you receive email confirmations and in-app notifications for every booking.
How can workspace hosts use the Hotdesk app?
If your organization has available office space — whether a meeting room, office, or desk — Hotdesk provides marketing support, access to an extensive user base, and a team on standby to help. Hotdesk helps turn underutilized space into value-generating, revenue-producing assets within just a few clicks.
Mohamed Khaled is the Founder and CEO of Hotdesk, the on-demand workspace platform providing access to coworking spaces and flexible offices across more than 120 countries.
He spent nearly a decade at PwC before moving into financial leadership at SWVL, where he led the company’s $1.5 billion Nasdaq listing, the first Unicorn from the Middle East to go public in the United States.
A Forbes 30 Under 30 honoree, Mohamed built Hotdesk from a side project into a global platform, leading a team of more than 50 and expanding into international markets, including the acquisition of Spain-based coworking marketplace YADO.
Also being Co-founder and President of DESK Token, the world’s first asset backed property investment and utility hybrid token, Mohammed is focused on building infrastructure that unlocks underutilized assets – from meeting rooms to private offices and full on buildings – while creating space for the future of work.
Hotdesk is the “Airbnb of offices” — a unified platform for booking desks, meeting rooms, and private offices on demand.
Available across 55+ cities globally, with hosts in major cities such as Dubai, Cairo, London, and San Francisco.
Serves three audiences: individuals and small teams who need flexible workspace, businesses looking to scale without long-term leases, and hosts who want to monetize unused commercial real estate.
Flexible booking by the hour, day, month, or year with plug-and-play solutions.
Hotdesk is the one-stop-shop for individuals and businesses looking to book desks, meeting rooms and private offices on an hourly, daily, monthly or annual basis. Simply put, Hotdesk is the ‘Airbnb’ of offices – a unified platform that gives you workspace access across the globe. Hotdesk’s app connects users with flexible workspaces across 55 cities globally, with hosts in major cities such as Dubai, Cairo, London and San Francisco.
Hotdesk for Individuals
For individuals and small teams, long gone are the days of phone calls, endless Google searches and driving around town looking for the ideal working space whether that is a desk, meeting room or office to work from. Whether you’re a freelancer, an entrepreneur, student or even a small team in a startup, Hotdesk will help you deploy office space when you need it, on demand.
Hotdesk for Businesses
For businesses, say goodbye to real estate agents, long-term lease contracts and the hassle involved with getting the office set up. Hotdesk provides options based on the organizations requirements, location and lease term all directly through a location based user interface. Once a venue has been selected, the app provides information about the amenities and services available – everything from parking to refreshment stations as well as conference rooms.
Hotdesk for Hosts
For hosts, the recent global shift in working trends has had a significant impact on permanent office requirements. Hotdesk offers hosts the ability to better utilize their unused commercial real estate assets, by providing an all in one digital platform for advertising and managing their vacant spaces. Once a host onboards their office spaces, meeting rooms or even desks, these assets are converted into revenue generators.
Audience
What Hotdesk Solves
Key Benefit
Individuals & Small Teams
No more phone calls, Google searches, or driving around for workspace
Deploy office space on demand — desk, meeting room, or office
Businesses
No more real estate agents, long-term leases, or setup hassle
Options based on requirements, location, and lease term via one platform
Hosts
Unused commercial real estate sitting idle
All-in-one digital platform to monetize vacant spaces as revenue generators
Flexible Solutions for Every Need
As the remote working trends continue to increase as do e-commerce and automation trends. Hotdesk aims to be the solution for all three by providing an all in one concierge service for individuals and businesses alike to unleash their productivity. No matter the requirements, Hotdesk offers it all. Do you need an hour at a coworking space to print documents? Does your team require a boardroom for the day? Or are you looking to downsize your office to something a little more budget friendly? Hotdesk caters to each requirement by providing flexible, plug and play solutions. From coworking spaces in WeWork locations around the world, to state of the art offices in globally recognized business centers. Hotdesk is here to #GetThingsDone!
Hotdesk is the one-stop-shop for individuals and businesses looking to book desks, meeting rooms and private offices on an hourly, daily, monthly or annual basis. Simply put, Hotdesk is the ‘Airbnb’ of offices — a unified platform that gives you workspace access across the globe, connecting users with flexible workspaces across 55 cities globally.
How does Hotdesk work for individuals?
For individuals and small teams, Hotdesk eliminates the need for phone calls, endless Google searches, and driving around town looking for workspace. Whether you’re a freelancer, entrepreneur, student, or small startup team, Hotdesk helps you deploy office space when you need it, on demand.
How does Hotdesk work for businesses?
For businesses, Hotdesk removes the need for real estate agents, long-term lease contracts, and setup hassles. The platform provides options based on the organization’s requirements, location, and lease term through a location-based user interface, with information about amenities and services from parking to conference rooms.
How does Hotdesk benefit workspace hosts?
Hotdesk offers hosts the ability to better utilize their unused commercial real estate assets by providing an all-in-one digital platform for advertising and managing vacant spaces. Once a host onboards their office spaces, meeting rooms, or desks, these assets are converted into revenue generators.
What types of workspaces can you book on Hotdesk?
Hotdesk caters to every requirement by providing flexible, plug-and-play solutions. You can book a desk at a coworking space for a few hours, a meeting room or boardroom for the day, or a full private office on a monthly or annual basis. Options range from WeWork locations around the world to state-of-the-art offices in globally recognized business centers.
Mohamed Khaled is the Founder and CEO of Hotdesk, the on-demand workspace platform providing access to coworking spaces and flexible offices across more than 120 countries.
He spent nearly a decade at PwC before moving into financial leadership at SWVL, where he led the company’s $1.5 billion Nasdaq listing, the first Unicorn from the Middle East to go public in the United States.
A Forbes 30 Under 30 honoree, Mohamed built Hotdesk from a side project into a global platform, leading a team of more than 50 and expanding into international markets, including the acquisition of Spain-based coworking marketplace YADO.
Also being Co-founder and President of DESK Token, the world’s first asset backed property investment and utility hybrid token, Mohammed is focused on building infrastructure that unlocks underutilized assets – from meeting rooms to private offices and full on buildings – while creating space for the future of work.
Moving from being an employee to suddenly founding and running your own business in the UAE can be at once exhilarating and daunting in equal measure. Now, if you’ve taken this step, then it’s worth pausing to congratulate yourself; no doubt you’ve already been through the process of putting together your business plan, honing your concept, securing backing, and ultimately setting up your entity. But now, get ready, as the hard work is about to start.
Key Takeaways
Understand your three cash flow buckets: operating activities, investing activities, and financing activities.
Focus on acquiring loyal customers — not “fake” ones driven solely by discounts and incentives.
The lifetime value of the customer divided by customer acquisition cost is the equation that determines survival.
Stay agile — be ready to pivot and re-pivot as opportunities and challenges emerge.
The first 90 days will be a whirlwind of new business opportunities, and establishing yourself and your proposition. And while it’s incredibly exciting to become a first-time entrepreneur, there are a number of fundamental basics when it comes to managing the financial aspects that can ultimately make or break your success in the early days.
With the UAE being a hotbed for SMEs, accounting for 94% of the total companies operating in the country and contributing more than 52% to the country’s non-oil gross domestic product, there are boundless opportunities if you get your financial model right from the get-go. Here are a few of the lessons I’ve learnt as a first-time founder, when it comes to keeping how you spend your money in check, so as to set you up for success from the start:
1. Know Your Cash Flow Buckets
With respect to spending and cash flow, this can fall into three clearly defined buckets that need to be addressed. Firstly, it’s important to define your operating activities, i.e. the running of the day-to-day business. Second of all, you need to look at your investing activities, and this also includes investing in intellectual property. Finally, you also need to consider your financing activities when it comes to equity fundraising or debts.
What many startups do is to get the cash flow from financing activities, and then they spend this money on the operating and investing activities. They start to throw capital at the basics, with the view that to grow quickly, they need to get the talent and the people there to be able to deliver on the ambitions laid out in the business plan. But while you do need to “burn to grow,” you still need to keep a few things in mind.
Product spending is naturally important, but you need to build in the right manner based on research and data- only then comes action. Rather than deciding what the market wants, listen and do your research to ensure what you’re building caters to demand. Fundamentally, you need to deliver an agile product or service, that you can then continue to build on for long-term growth. And that future sustainability needs to be at the top of your mind; the more robust, well thought-out, and solutions-driven your product or service is, the more you will be able to cater to market needs.
Cash Flow Bucket
What It Covers
Operating Activities
Running the day-to-day business — staff costs, customer acquisition, product delivery
Investing Activities
Investing in product development, intellectual property, and long-term assets
Financing Activities
Equity fundraising, debts, and capital inflows that fund operations and investments
2. Aim to Secure Loyal Customers
Mohamed Khaled, co-founder and CEO UAE-born Hotdesk, a co-working platform that was launched in 2019. Source: Hotdesk
There are a lot of things to think about when it comes to your operating activities. One of them is that you’re spending on people- your staff costs are a “heavy” element, especially at the beginning. In addition, if you have a product, you will also be spending on your customer acquisition costs, and this is where we need to take heed of potential “fake” customers.
This is a typical startup problem. A new business launches and builds its financial model, goes out to the market, and starts spending. The startup boosts its customer base by offering incentives, promotional codes, and discounts to attack the market. The customers then start to come, and every day, more and more are flowing in; life seems to be great.
But this is where you need to pause and take stock for the moment. Just how true or “real” are these customers? Many of these customers may be price-sensitive- so while you’ve brought them in through discounts or incentives, the moment you pull back on these, will you end up losing these customers? Are they loyal in that case, and, ultimately, do they have longevity? This is where it is vital to make sure you’re making the right moves to bring in the right customers.
The “Fake Customer” Trap
Customers acquired through heavy discounts may be price-sensitive. The moment you pull back on incentives, they leave. Focus on acquiring customers with real longevity and loyalty — not vanity metrics.
3. Remember to Do Reality Checks
Ultimately, all that you are building falls into a simple equation: the lifetime value of the customer, divided by the customer acquisition cost. If this basic human fundamental fails, your business will fail. So, when you’re calculating your total addressable market, you must be aware of these sensitivities.
This also plays back into the data- if you’ve done your research, you should have a good understanding of the market, and therefore by understanding your customer, you can build the right financial model to secure the right customers. Ultimately, it’s imperative that we are being realistic, and that we’re not creating illusions for ourselves. This then keeps us in check as a company of how we spend money.
4. Pivot (and Re-Pivot) Whenever Needed
Hotdesk co-founders Mohamed Khaled, Ali Shweki, and Mohamed Elsarrag. Source: Hotdesk
Keeping the above in check should get your startup off to a good start. But what can sometimes happen when it comes to cash flow is that we get fixated on delivering on the pre-described plan. Yes, you need your focus and goals, but we have to play a nimble game. It’s important to remain agile and pivot -and re-pivot- when we need to.
We also need to know when to course-correct when we spot things going awry. There will be so many curveballs, new opportunities, and unforeseen challenges that come up at the beginning. It’s important to be able to be adept to adapt to these, as they may be the ticket to unlocking new opportunities and future growth.
The importance of this played out very clearly with my company, Hotdesk. When we started securing interest from enterprise, we knew that we had to quickly shift gears. This became an additional piece of the business that had very different fundraising requirements. We started getting traction and interest from corporate investors, for example, which was very different from what usually happens in the region.
So, the lesson here is that whilst you need to have a plan and have a strategy that you execute day-in and day-out, you also need to note that plans can and will change. Being nimble is the key to success here.
First-Time Founder Financial Checklist
Do This
Define and manage your three cash flow buckets
Build based on research and data, not assumptions
Focus on loyal customers with real longevity
Run regular reality checks on LTV ÷ CAC
Stay agile and pivot when opportunities emerge
Avoid This
Throwing capital at basics without a plan
Deciding what the market wants without listening
Chasing vanity metrics with discount-driven “fake” customers
Creating illusions about your total addressable market
Getting fixated on the original plan when things change
While running a startup is an exciting journey, when it comes to the financial lessons learnt, being savvy to your market and your customer, and understanding your buckets of spending will help keep you in check in the early days. There is no secret formula that guarantees success- but getting the fundamentals right when it comes to your finances will set you up with a sound proposition, based on solid foundations, that you can build on as you scale.
What are the three cash flow buckets every startup founder should know?
The three cash flow buckets are operating activities (running the day-to-day business), investing activities (including investing in intellectual property), and financing activities (equity fundraising or debts). Understanding these buckets helps founders manage how they spend capital and maintain financial discipline from the start.
How can startups avoid acquiring fake customers?
Startups should be wary of customers acquired through heavy discounts and promotional codes who may be price-sensitive. The moment incentives are pulled back, these customers may leave. The key is to focus on acquiring loyal customers with longevity by ensuring the lifetime value of the customer divided by the customer acquisition cost remains healthy.
What is the most important financial equation for startups?
The most important equation is the lifetime value of the customer divided by the customer acquisition cost. If this fundamental ratio fails, the business will fail. Founders must be realistic about their total addressable market and ensure they are not creating illusions about their customer base.
Why is pivoting important for startup founders?
Pivoting is important because plans can and will change. There will be curveballs, new opportunities, and unforeseen challenges. Being nimble and able to course-correct when things go awry is key to unlocking new opportunities and future growth. At Hotdesk, securing enterprise interest required a quick shift in gears and different fundraising requirements.
What makes the UAE a good environment for first-time founders?
The UAE is a hotbed for SMEs, accounting for 94% of total companies operating in the country and contributing more than 52% to the country’s non-oil gross domestic product. This creates boundless opportunities for founders who get their financial model right from the start.
Mohamed Khaled is the Founder and CEO of Hotdesk, the on-demand workspace platform providing access to coworking spaces and flexible offices across more than 120 countries.
He spent nearly a decade at PwC before moving into financial leadership at SWVL, where he led the company’s $1.5 billion Nasdaq listing, the first Unicorn from the Middle East to go public in the United States.
A Forbes 30 Under 30 honoree, Mohamed built Hotdesk from a side project into a global platform, leading a team of more than 50 and expanding into international markets, including the acquisition of Spain-based coworking marketplace YADO.
Also being Co-founder and President of DESK Token, the world’s first asset backed property investment and utility hybrid token, Mohammed is focused on building infrastructure that unlocks underutilized assets – from meeting rooms to private offices and full on buildings – while creating space for the future of work.
Technology breakthroughs and changing workplace dynamics have led to a considerable transformation in the traditional idea of labor in recent years. This concept, which combines the advantages of both in-person office work and remote flexibility, has completely changed how businesses and people approach the workplace. We will discuss the idea of hybrid and remote working arrangements, as well as their benefits, drawbacks, and implications for the nature of work in the future.
Key Takeaways
Hybrid work combines in-person office work with remote flexibility, while fully remote means no central office at all.
Key advantages include better work-life balance, increased productivity, and significant cost savings — up to $10,000 per employee per year.
Challenges include communication gaps, maintaining company culture, and ensuring fairness between remote and in-office workers.
The future of work is trending toward hybrid environments where employees choose the work setting that best suits their needs.
To differentiate: In a fully remote organization, team members have the freedom to work from anywhere, without a central office. In a hybrid company, employees divide their time between a physical workspace and remote work, while having the option to work from home.
Factor
Fully Remote
Hybrid
Central Office
No central office
Physical workspace available
Location Freedom
Work from anywhere
Split between office and remote
Work from Home
Always an option
Available as part of the arrangement
In-Person Collaboration
Virtual only
Available on office days
The Advantages of Hybrid Work
A survey conducted by Gallup.com on the advantages of hybrid work.
Flexible behavior that improves work-life balance
One of the main benefits of hybrid and remote working models is the flexibility they provide. Employees are no longer bound by a rigid 9am to 5pm work schedule and are free to structure their working hours around their personal lives. This newfound flexibility allows individuals to find a better work-life balance, and according to research, it results in greater job satisfaction and lower stress levels. Commuting becomes a thing of the past and employees regain valuable time for pursuing personal well-being, family or other interests.
Unlock your productivity potential
Research consistently shows that remote work can significantly improve productivity. Eliminating common distractions and interruptions in the office helps employees focus and complete tasks more efficiently. Hybrid and remote work models allow individuals to work during their most productive hours, such as the early morning and late evening, while providing an environment that suits their work preferences. The result is often better focus, more creativity, and better performance.
The financial benefits of hybrid work
Both employers and employees benefit financially from hybrid and remote work models. Employees can benefit from significant cost savings by avoiding commuting-related costs such as transportation costs. Meanwhile, businesses can significantly reduce overhead costs, including office space, utility bills, and other operating costs. According to a survey by Global Workplace Analytics, businesses can save an average of $10,000 per year for each remote employee who works half of the time from home.
Hybrid Work Analysis
Advantages
Improved work-life balance and flexible scheduling
Increased productivity and focus
Cost savings up to $10,000 per employee per year
Challenges
Communication gaps between remote and in-office teams
Risk to company culture from geographic distance
Potential fairness and inclusion issues
The Challenges of Hybrid Work
While hybrid and remote work models offer many benefits, they also present challenges that organizations face. Below are the challenges and simple steps to avoid them.
A survey conducted by Gallup.com on the challenges of hybrid work.
Hybrid work communication gap
Ensuring effective communication and collaboration between team members in a hybrid environment requires the adoption of appropriate digital tools and fostering the remote work culture of open and transparent communication. Regular virtual meetings, project management platforms, and other collaboration tools help bridge the gap and induce teamwork.
Maintaining company culture
Geographic distance can pose a risk to corporate culture. To meet this challenge, organizations must actively foster a sense of belonging and connection among their employees. Fostering virtual social activities, team building exercises, and shared experiences help maintain a strong organizational culture and foster a sense of belonging.
Fairness and Inclusion
Remote work can create an inadvertent divide between employees who have more face-to-face interactions and those who work primarily remotely. Organizations should strive to create an inclusive environment where remote workers have equal access to resources, growth opportunities, and participate in decision-making processes.
Challenge
Solution
Communication Gaps
Adopt digital collaboration tools, hold regular virtual meetings, and foster open communication culture
Maintaining Company Culture
Virtual social activities, team building exercises, and shared experiences to foster belonging
Fairness and Inclusion
Ensure equal access to resources, growth opportunities, and decision-making for all employees
The Future of Work
The rise of hybrid and remote working models ushered a new era of work. As organizations leverage these models and address the challenges they pose, the future of work may become a hybrid environment where employees are free to choose the work environment that best suits their needs and preferences. Traditional office environments are evolving into flexible workspaces that foster collaboration and innovation, making remote work a viable option for a wide variety of occupations.
What is the difference between hybrid work and fully remote work?
In a fully remote organization, team members have the freedom to work from anywhere, without a central office. In a hybrid company, employees divide their time between a physical workspace and remote work, while having the option to work from home.
What are the advantages of hybrid work?
The key advantages of hybrid work include improved work-life balance through flexible scheduling, increased productivity by eliminating office distractions and allowing people to work during their most productive hours, and significant financial benefits for both employers and employees through reduced commuting and overhead costs.
How much can businesses save with hybrid work?
According to a survey by Global Workplace Analytics, businesses can save an average of $10,000 per year for each remote employee who works half of the time from home. Employees also benefit from significant cost savings by avoiding commuting-related transportation costs.
What are the main challenges of hybrid work?
The main challenges include communication gaps between remote and in-office team members, maintaining company culture across geographic distances, and ensuring fairness and inclusion so remote workers have equal access to resources, growth opportunities, and decision-making processes.
How can organizations overcome hybrid work challenges?
Organizations can overcome hybrid work challenges by adopting appropriate digital tools for communication and collaboration, fostering virtual social activities and team building exercises to maintain culture, and striving to create an inclusive environment where remote workers have equal access to resources and participate in decision-making processes.
Mohamed Khaled is the Founder and CEO of Hotdesk, the on-demand workspace platform providing access to coworking spaces and flexible offices across more than 120 countries.
He spent nearly a decade at PwC before moving into financial leadership at SWVL, where he led the company’s $1.5 billion Nasdaq listing, the first Unicorn from the Middle East to go public in the United States.
A Forbes 30 Under 30 honoree, Mohamed built Hotdesk from a side project into a global platform, leading a team of more than 50 and expanding into international markets, including the acquisition of Spain-based coworking marketplace YADO.
Also being Co-founder and President of DESK Token, the world’s first asset backed property investment and utility hybrid token, Mohammed is focused on building infrastructure that unlocks underutilized assets – from meeting rooms to private offices and full on buildings – while creating space for the future of work.
Are you struggling to get things done? It’s a common frustration many of us face. By understanding the root causes of your productivity struggles and implementing effective solutions, you can regain control of your tasks and achieve greater success.
Key Takeaways
Productivity challenges can be overcome with simple, actionable strategies like goal-setting, time blocking, and saying no to overcommitment.
Tools like the Eisenhower Matrix help you organize and prioritize tasks by urgency and importance.
Self-care and energy management are essential foundations for sustained productivity.
Your workspace matters — choosing a calm, distraction-free environment directly impacts your output.
Define your objectives and break them into smaller, actionable steps. Prioritize tasks based on importance and urgency to focus your energy on what matters most. Take the first step and sit on your desk, and figure out what method works best for you. You can use The Eisenhower Matrix to help you organize and prioritize tasks by urgency and importance. Get a copy for yourself here.
Use the sheet above to time block your schedule.
2) Learn to Say No and Avoid Overcommitment
Evaluate your capacity realistically and set boundaries. Practice saying “no” when necessary to protect your time and energy for tasks aligned with your goals.
3) Boost Motivation and Maintain Focus
Identify the reasons behind your lack of motivation and explore strategies to reignite it. Break tasks into smaller milestones and use rewards or accountability partners to stay focused.
4) Manage Time and Avoid Procrastination
Combat procrastination by managing your time effectively. Book focus slots for yourself or use techniques like time blocking, setting deadlines, and breaking tasks into smaller chunks to stay on track. Copy and Create your Time Blocking schedule here.
Use the sheet above to time block your schedule.
5) Streamline Workflow and Stay Organized
Optimize your workflow by implementing organization strategies. Create to-do lists, use productivity apps, and maintain a clutter-free workspace for better efficiency.
6) Embrace Progress over Perfection
Avoid getting caught up in perfectionism. Embrace a growth mindset, view challenges as opportunities for growth, and accept that mistakes are part of the learning process.
7) Prioritize Self-Care and Energy Management
Take care of yourself to maintain energy levels. Get enough sleep, eat well, and engage in regular exercise. Replenishing your well-being allows for increased productivity.
8) Carefully Pick Where to Work
Different locations can have a different impact on your work, so you have to carefully choose a calm, distraction free, area that wouldn’t disrupt your flow. Use Hotdesk to pinpoint the closest and most convenient place for you. Book a meeting room for a focus group or a private office for yourself, or even a desk in an office space.
Find Your Productivity Zone
Use Hotdesk to find and book a calm, distraction-free workspace near you — whether it’s a meeting room, private office, or a hot desk in a coworking space.
Productivity Fix
What It Solves
Set Clear Goals & Prioritize
Lack of direction and scattered focus
Learn to Say No
Overcommitment and stretched capacity
Boost Motivation
Loss of drive and creative slump
Manage Time / Time Blocking
Procrastination and missed deadlines
Streamline Workflow
Disorganization and inefficiency
Embrace Progress over Perfection
Perfectionism paralysis
Prioritize Self-Care
Low energy and burnout risk
Pick the Right Workspace
Distractions and environment friction
Overcoming productivity challenges is possible with simple strategies. Set clear goals, manage your time effectively, learn to say no, boost motivation, streamline workflow, embrace progress, and prioritize self-care. By implementing these practices, you’ll regain control and achieve your desired results. Remember to stay committed and celebrate each step forward.
You can overcome productivity challenges by setting clear goals and prioritizing tasks, learning to say no to avoid overcommitment, boosting motivation through smaller milestones, managing time with techniques like time blocking, streamlining your workflow, embracing progress over perfection, prioritizing self-care, and carefully choosing a distraction-free workspace.
What is the Eisenhower Matrix and how does it help productivity?
The Eisenhower Matrix is a tool that helps you organize and prioritize tasks by urgency and importance. It divides tasks into four quadrants so you can focus your energy on what matters most, delegate less critical tasks, and eliminate time-wasters.
What is time blocking and how does it prevent procrastination?
Time blocking is a time management technique where you schedule specific blocks of time for specific tasks or activities. It helps combat procrastination by giving structure to your day, setting clear deadlines for each task, and breaking work into manageable chunks.
How does your workspace affect productivity?
Different locations can have a different impact on your work. Choosing a calm, distraction-free area that does not disrupt your flow is essential. Platforms like Hotdesk help you find and book the closest and most convenient workspace, whether that is a meeting room, private office, or a desk in an office space.
Why is saying no important for productivity?
Learning to say no is important because overcommitting means binding yourself beyond your capacity for realization. By evaluating your capacity realistically and setting boundaries, you protect your time and energy for tasks that are aligned with your goals.
Mohamed Khaled is the Founder and CEO of Hotdesk, the on-demand workspace platform providing access to coworking spaces and flexible offices across more than 120 countries.
He spent nearly a decade at PwC before moving into financial leadership at SWVL, where he led the company’s $1.5 billion Nasdaq listing, the first Unicorn from the Middle East to go public in the United States.
A Forbes 30 Under 30 honoree, Mohamed built Hotdesk from a side project into a global platform, leading a team of more than 50 and expanding into international markets, including the acquisition of Spain-based coworking marketplace YADO.
Also being Co-founder and President of DESK Token, the world’s first asset backed property investment and utility hybrid token, Mohammed is focused on building infrastructure that unlocks underutilized assets – from meeting rooms to private offices and full on buildings – while creating space for the future of work.
In today’s fast-paced world, burnout has become too common. Many people feel exhausted, physically and emotionally drained from chronic work-related stress. By understanding the root causes and implementing self-care practices, you can protect yourself from burnout and promote a healthier, more balanced lifestyle.
Key Takeaways
Burnout is a state of chronic physical and emotional exhaustion caused by prolonged work-related stress.
Key causes include excessive workload, lack of autonomy, work-life imbalance, and insufficient recognition.
Prevention strategies focus on self-care, setting boundaries, seeking support, and managing stress through techniques like meditation and deep breathing.
Taking care of your well-being is not a luxury, but a necessity for a healthier and more fulfilling life.
Excessive workload, unrealistic deadlines and constant pressure to meet high expectations increase burnout. Long work hours, overwhelming responsibilities leaves people feeling empty and exhausted. What many startups do is to get the cash flow from financing activities, and then they spend this money on the operating and investing activities. They start to throw capital at the basics, with the view that to grow quickly, they need to get the talent and the people there to be able to deliver on the ambitions laid out in the business plan. But while you do need to “burn to grow,” you still need to keep a few things in mind.
b. Lack of leadership and autonomy
Feeling micromanaged or having little control over decision-making and work flow can lead to burnout. When people feel their independence is being suppressed, it reduces motivation and increases stress levels.
c. Work-life imbalance
Disregarding personal life and ignoring the boundaries between work and leisure can induce burnout. Without enough time to rest, relax and pursue personal interests, people become vulnerable to chronic stress.
d. Lack of support and recognition
Lack of support from supervisors or co-workers and lack of recognition of efforts can contribute to burnout. Feeling undervalued and unappreciated weakens morale and motivation.
Cause
Impact
Workload & High Expectations
Physical and emotional exhaustion from unrealistic deadlines and constant pressure
Lack of Autonomy
Reduced motivation and increased stress from micromanagement
Work-Life Imbalance
Chronic stress from ignoring boundaries between work and leisure
Lack of Support & Recognition
Weakened morale and motivation from feeling undervalued
Prevention Strategies
Methods to prevent burnout.
a. Make self-care a priority
Engage in activities that promote physical and mental well-being. Find time for movement, relaxation, hobbies and quality time with loved ones. Prioritizing self-care restores energy levels and promotes resilience.
b. Set boundaries
Set clear boundaries between work and personal life. Create your work and relaxation times and make sure you free yourself from work-related activities in your personal time.
c. Seek support and collaboration
Foster healthy relationships with colleagues and supervisors. Seek support when needed, talk about concerns and find solutions together.
d. Practice stress management techniques
Incorporate techniques such as deep breathing exercises or meditation into your daily routine. These practices help reduce stress, increase resilience and promote overall well-being.
e. Review workload and prioritize
Monitor your workload regularly and prioritize tasks based on importance and urgency. Delegate whenever possible and learn to say no to avoid overcommitment.
Burnout: Causes vs. Solutions
What Causes Burnout
Excessive workload and unrealistic deadlines
Micromanagement and lack of autonomy
Ignoring work-life boundaries
Feeling undervalued and unsupported
What Prevents Burnout
Self-care: movement, relaxation, hobbies
Clear boundaries between work and personal time
Support networks and open communication
Stress management and workload prioritization
Always remember that taking care of your well-being is not a luxury, but a necessity for a healthier and more fulfilling life!
The main causes of burnout include excessive workload and high expectations with unrealistic deadlines, lack of leadership and autonomy where people feel micromanaged, work-life imbalance from ignoring boundaries between work and leisure, and lack of support and recognition from supervisors or co-workers.
What are the symptoms of burnout?
Burnout symptoms include feeling physically and emotionally exhausted, feeling empty and drained from chronic work-related stress, reduced motivation, and increased stress levels. These symptoms can affect both your professional performance and personal well-being.
How can you prevent burnout?
Burnout prevention strategies include making self-care a priority through movement, relaxation and hobbies; setting clear boundaries between work and personal life; seeking support and collaboration with colleagues; practicing stress management techniques like deep breathing and meditation; and regularly reviewing your workload to prioritize and delegate tasks.
How does work-life imbalance contribute to burnout?
Disregarding personal life and ignoring the boundaries between work and leisure can induce burnout. Without enough time to rest, relax and pursue personal interests, people become vulnerable to chronic stress, which leads to physical and emotional exhaustion.
Why is self-care important for preventing burnout?
Engaging in activities that promote physical and mental well-being restores energy levels and promotes resilience. Finding time for movement, relaxation, hobbies and quality time with loved ones is not a luxury but a necessity for maintaining a healthier and more fulfilling life.
Mohamed Khaled is the Founder and CEO of Hotdesk, the on-demand workspace platform providing access to coworking spaces and flexible offices across more than 120 countries.
He spent nearly a decade at PwC before moving into financial leadership at SWVL, where he led the company’s $1.5 billion Nasdaq listing, the first Unicorn from the Middle East to go public in the United States.
A Forbes 30 Under 30 honoree, Mohamed built Hotdesk from a side project into a global platform, leading a team of more than 50 and expanding into international markets, including the acquisition of Spain-based coworking marketplace YADO.
Also being Co-founder and President of DESK Token, the world’s first asset backed property investment and utility hybrid token, Mohammed is focused on building infrastructure that unlocks underutilized assets – from meeting rooms to private offices and full on buildings – while creating space for the future of work.
Dubai, 28 September 2021: Hotdesk, a Dubai based provider of transformative shared workspace offerings, today announced that it has raised a $1 million seed funding round to transform how people work.
Key Takeaways
Hotdesk builds proprietary technology to revolutionize how people work, capitalizing on the $3 trillion global on-demand workspace market opportunity.
Uniquely positioned to unlock $1.2 trillion of underutilization and inefficiency in global workspace usage.
$1M funding round is led by Virtuzone, with participation from high profile VCs and Angel Investors.
Soft launch has generated $100k+ in gross bookings, 10k+ hours of bookings, 1.5k+ users, and 3,000+ rooms and areas from 300+ hosts across 55 cities in EMEA.
The on-demand workspace booking platform enables users to instantly find and book workspaces. Hotdesk’s platform has multiple offerings – desks, meeting rooms and private offices by the hour, day, month, or year. The proprietary technology creates an opportunity for businesses with underutilized workspaces to sublet their vacant office space and generate additional revenue. Hotdesk’s hosts range from coworking spaces, shared offices, hotel business centers, and vacant furnished commercial office spaces.
Soft Launch Traction
$100k+ in gross bookings, 10k+ hours of bookings, 1.5k+ users, and 3,000+ rooms and areas from 300+ hosts across 55 cities in EMEA.
The Team: Talent from Global Leaders
Mohamed Khaled, the Founder & CEO of Hotdesk was recently involved as Director of Finance at Swvl in the Middle East’s first $1.5 billion unicorn to list on NASDAQ through a business combination with a Special Purpose Acquisition Company (“SPAC”), and was part of the core de-SPAC transaction execution team. Hotdesk has garnered significant talent from PwC, Delivery Hero, Rocket Internet, Google, and Careem – all with the vision to revolutionize how people work.
Hotdesk’s Founder & CEO with Virtuzone Executives Neil Petch (Chairman & CoFounder), Geoff Rapp (CoFounder), and George Hojeige (CEO) from left to right. Photo taken at Virtuzone, Downtown Dubai in September 2021.
The Model: Asset-Free and Scalable
Hotdesk runs an asset-free model where it does not own or lease any of its workspaces, but rather consolidates the scattered market of empty commercial real estate on one platform. Soft launch to date, the Company has generated $100k+ in gross bookings, 10k+ hours of bookings, 1.5k+ users, and 3,000+ rooms and areas from 300+ hosts across 55 cities in EMEA.
Platform Value Analysis
For Users
Instantly find and book desks, meeting rooms, and private offices
Flexible booking by the hour, day, month, or year
Access to workspaces across 55 cities in EMEA
For Hosts
Sublet vacant office space and generate additional revenue
Access to an extensive user base via the platform
Marketing support and team on standby
The Investors: Strategic Backing
The $1M funding round is led by Virtuzone, the largest incorporation provider for companies setting up offices in the region. AlZayani Investments, a leading real estate group with a significant commercial property footprint in Western Europe and North America, has participated in the round through their Venture Capital arm ZVC (Zayani Venture Capital).
High Profile Angel Investors who participated in the round in their personal capacity include Youssef Salem – Swvl’s CFO whose background is in investment banking as Executive Director at Moelis & Company and who was featured in Forbes 30 under 30 earlier this month; and Khaled AlFahim – who is a Board Member in Abu Dhabi’s Chamber of Commerce, Board Member at Berlin’s Black Lane, and Ex-Board Member in Al Fahim Group in Abu Dhabi who own a hotel and hospitality portfolio and are serial startup investors.
The startup was previously backed during its early stages by Flat6Labs, the MENA region’s leading accelerator.
Investor
Role / Background
Virtuzone (Lead)
Largest incorporation provider for companies setting up offices in the UAE region
AlZayani Investments / ZVC
Leading real estate group with commercial property footprint in Western Europe and North America
Youssef Salem (Angel)
Swvl’s CFO, Ex-Executive Director at Moelis & Company, Forbes 30 under 30
Khaled AlFahim (Angel)
Board Member at Abu Dhabi’s Chamber of Commerce, Board Member at Berlin’s Black Lane
Flat6Labs (Early Stage)
MENA region’s leading accelerator
The Vision: Democratizing Work and Workspaces
Mohamed Khaled, Founder & CEO of Hotdesk: “We are amidst a pivotal point in history – where work and workspaces are democratized. Hybrid models are the future, and Hotdesk falls right in between giving the comfort of working from home, yet being able to socialize, be equipped, and without the daunting corporate office experience. Businesses have become smarter and leaner post-covid, and no one wants a 5 year unfurnished lease anymore. Plug-and-play scalable workspace solutions are the way forward. Our core mission is to help people unleash their productivity, and give our hosts a chance to better utilize their unused commercial real estate assets.
Neil Petch, Chairman and Co-founder of Virtuzone, said: “Exploring innovative solutions that can advance entrepreneurship has always been one of our fundamental objectives. We see great potential in the workspace solutions that Hotdesk brings, and these align with our goals to remove barriers to entrepreneurship and make it a lot easier to start and do business in the UAE and abroad. With the capabilities that Hotdesk is offering to the corporate market, it can very well become the Airbnb of workspaces.”
Hotdesk is set to feature in Lisbon, Portugal’s WebSummit next November. You can visit Hotdesk’s website on hotdesk.com and download the mobile application on the App Store and Play Store.
Hotdesk is an on-demand workspace booking platform that enables users to instantly find and book desks, meeting rooms, and private offices by the hour, day, month, or year. It runs an asset-free model, consolidating the scattered market of empty commercial real estate on one platform, connecting users with coworking spaces, shared offices, hotel business centers, and vacant furnished commercial office spaces.
Who funded Hotdesk’s seed round?
Hotdesk’s $1M seed funding round was led by Virtuzone, the largest incorporation provider for companies setting up offices in the UAE region. AlZayani Investments participated through their venture capital arm ZVC (Zayani Venture Capital). High profile angel investors including Youssef Salem (Swvl’s CFO) and Khaled AlFahim also participated. The startup was previously backed by Flat6Labs, the MENA region’s leading accelerator.
What traction did Hotdesk achieve before raising its seed round?
During its soft launch, Hotdesk generated $100k+ in gross bookings, 10k+ hours of bookings, 1.5k+ users, and 3,000+ rooms and areas from 300+ hosts across 55 cities in EMEA.
What market opportunity is Hotdesk targeting?
Hotdesk is capitalizing on the $3 trillion global on-demand workspace market opportunity. The platform is uniquely positioned to unlock $1.2 trillion of underutilization and inefficiency in global workspace usage by navigating peak times and space setups that do not allow shared usage and square-meter efficiency.
How does Hotdesk benefit workspace hosts?
Hotdesk’s proprietary technology creates an opportunity for businesses with underutilized workspaces to sublet their vacant office space and generate additional revenue. Hosts can list coworking spaces, shared offices, hotel business centers, and vacant furnished commercial office spaces on the platform without any ownership or leasing from Hotdesk’s side.
Mohamed Khaled is the Founder and CEO of Hotdesk, the on-demand workspace platform providing access to coworking spaces and flexible offices across more than 120 countries.
He spent nearly a decade at PwC before moving into financial leadership at SWVL, where he led the company’s $1.5 billion Nasdaq listing, the first Unicorn from the Middle East to go public in the United States.
A Forbes 30 Under 30 honoree, Mohamed built Hotdesk from a side project into a global platform, leading a team of more than 50 and expanding into international markets, including the acquisition of Spain-based coworking marketplace YADO.
Also being Co-founder and President of DESK Token, the world’s first asset backed property investment and utility hybrid token, Mohammed is focused on building infrastructure that unlocks underutilized assets – from meeting rooms to private offices and full on buildings – while creating space for the future of work.