Localstitch
- Company typePrivate
- Founded2023
- HeadquartersMapo, South Korea
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
Localstitch firmographics
Firmographics- Name
- Localstitch
- Legal name
- D&D Property Solution Co., Ltd.
- Website
- https://localstitch.kr
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Localstitch industry classification
Industry- Product category
- Coworking and Coliving Spaces
- NAICS
- Rooming and Boarding Houses, Dormitories, and Workers' Camps (7213)
- SIC
- Hotels, Rooming Houses, Camps & Other Lodging Places (7000)
- akta.pro primary industry
- Digital Nomad & Remote-Work Monthly Stays (THAMAFAI)
- akta.pro secondary industry
- Coworking Cafes / Work Cafes (THAFADAJ)
Keywords
Where Localstitch is headquartered
LocationHeadquarters
- HQ city
- Mapo
- HQ country
- South Korea
- HQ region
- Asia
Offices14 records
Markets served
Localstitch business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Membership Subscription: Base membership priced at 120,000 KRW per month provides access to coworking lounges, meeting rooms, and partner brand discounts across all Localstitch branches. This is the core recurring revenue stream.
- Coworking Space Rental (1-Person Desk & Fixed Seats): 1-person desk (fixed seat) from 320,000 KRW/month, including a dedicated locker, drawer, and membership benefits. Targeted at individual creators needing a permanent workspace.
- Private Office Rental: Private office spaces for teams of 2 to 50+ people, priced from 990,000 KRW/month. Includes full access to all branch lounges and meeting rooms as part of the membership.
- Coliving (Co-living) Room Rental: One-person residential units from 720,000 KRW/month within Localstitch coliving buildings, combining living and working in a single space. Available at locations such as Creator Town Seogyo, Hwagok, and Tongyeong.
- Retail Brand Partnerships: Local small brands and retailers operate within Localstitch branch spaces, offering members discounts. Revenue is generated through retail sales, space partnerships, and co-branded programming.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Base Membership - Coworking & Lifestyle Access |
| Subscription | Monthly | 1-Person Desk (Fixed Seat) |
| Subscription | Monthly | Private Office |
| Subscription | Monthly | 1-Person Residential / Coliving Unit |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Localstitch product offering
Product offeringCore offering
Localstitch operates a multi-branch coworking and coliving membership platform in South Korea, offering a base lifestyle membership (120,000 KRW/month) that grants access to coworking lounges, meeting rooms, and partner-brand discounts across all locations. Members can add dedicated one-person desks, private offices for teams of 2–50+, and one-person coliving residential units, with community programming (Stitch Letter newsletter, member clubs, events) and a curated portfolio of in-house local retail brands. The company runs 13+ physical branches across Seoul and Tongyeong, including the ~300-room Creator Town Seogyo complex.
Product overview
로컬스티치는 City Creator를 위한 공간&라이프스타일 구독 서비스为核心的韩国联合办公/共同生活平台。公司提供分层产品组合：核心 멤버십(120,000원/월)提供休息室和会议室的基础访问；追加产品包括 오피스(990,000원~)、1인 주거공간/코리빙(720,000원~)、1인 데스크(320,000원~)；同时运营包括 크리에이터 타운 서교、통영、회현、동교맨션等在内的13个实体分支，以及16个以上本地品牌合作伙伴(stitch letter新闻通讯生态系统)。
Differentiator
Problem solved
Functional benefit
Brands
- Creator Town Seogyo (크리에이터 타운 서교): Large-scale coliving and coworking complex in Mapo-gu, Seoul, featuring ~300 private rooms, rooftop garden, coworking floors, retail spaces, and shared amenities for city creators and startups.
- Local Stitch Hoehyeon (로컬스티치 회현)
- Local Stitch Tongyeong (로컬스티치 통영)
- Local Stitch Hwagok (로컬스티치 화곡)
- Local Stitch Hongdae 2 (로컬스티치 홍대2호)
- Local Stitch Donggyo (로컬스티치 동교)
- Local Stitch Hongdae (로컬스티치 홍대)
- Local Stitch Jandari (로컬스티치 잔다리)
- Local Stitch Noryangjin (로컬스티치 노량진)
- Stitch Letter
Products and services
- City Creator Lifestyle Membership (Base Membership) Base recurring membership priced at 120,000 KRW/month that provides members with access to coworking lounges, free meeting room usage up to 3 hours per day per branch, and member discounts at Localstitch partner brands across all participating branches. Targeted at urban creators, freelancers, and small teams in Seoul and Tongyeong.
- Private Office Private office spaces for teams of 2 to 50+ people, priced from 990,000 KRW/month. Includes full Localstitch membership benefits (lounge and meeting room access across all branches). Business registration is available for contracts of 3 months or longer. Targeted at startups, small businesses, and creative teams needing flexible team space.
- 1-Person Desk (Fixed Seat) Dedicated fixed-seat desk in a coworking space, priced from 320,000 KRW/month (minimum 3-month contract). Includes a dedicated locker, drawer, and full membership benefits. Business registration available for 3+ month contracts. Targeted at freelancers, desk-top workers, and members needing a permanent workspace.
- 1-Person Residential / Coliving Unit One-person residential units combining living and working in a single space, priced from 720,000 KRW/month. Available at Creator Town Seogyo, Hwagok, Tongyeong, and Donggyo Mansion locations. Targeted at digital nomads, remote workers, and creators seeking a blended living-working lifestyle.
- Creator Town Seogyo (크리에이터 타운 서교) Large-scale coliving and coworking complex in Seogyo-dong, Mapo-gu, Seoul, featuring approximately 300 private rooms, multiple coworking floors, rooftop garden, fitness room, shared kitchen, and 1F retail space. Targeted at city creators, startups, and digital nomads seeking a complete live-work community.
- Localstitch Tongyeong (로컬스티치 통영) Vacation-workation and coliving space located in front of Ganggu Harbor in Tongyeong, South Gyeongsang Province. Features coworking, lounge, meeting rooms, coliving units, shared kitchen, laundry room, and a ground-floor local cafe/restaurant with ocean views. Targeted at digital nomads and remote workers seeking a coastal workation experience.
- Localstitch Hoehyeon (로컬스티치 회현) Multi-building small brand and creator village in 6 unique buildings located near Hoehyeon Station (Exit 1) in the Namdaemun Market area of Seoul. Features coworking (fixed desks), retail spaces, coliving/stay options, and standalone offices. Pet-friendly. Targeted at small brands, creators, and travelers.
- Localstitch Donggyo Mansion (로컬스티치 동교맨션) New coliving house adjacent to the Gyeongui Line Forest Trail near Hongdae in Mapo-gu, Seoul. Features fully furnished private rooms (desk, bed, wardrobe, washing machine), rooftop, retail, and shared kitchen. Pet-friendly. Targeted at members-only long-term coliving residents.
Quantifiable outcome
- Free meeting room access up to 3 hours per day per branch for members
- +2 more outcomes
Companies that use Localstitch
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Localstitch technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Localstitch partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- D&D Property Solution (디앤디프라퍼티솔루션)coreD&D Property Solution is the parent/operating company behind Localstitch. It handles property development, operations, legal matters, and corporate administration for all Localstitch locations.
- Authentic Ground Yoga Studio (어센틱 그라운드)minorAuthentic Ground yoga studio located near Creator Town Seogyo offered yoga and rehabilitation trial sessions exclusively for Localstitch members, distributing 100 free session passes in October 2024.
- Gimje-dong and Eokkae-dongmu (김제동과어깨동무)minorNonprofit organization (사)김제동과어깨동무 partners with Localstitch Jandari branch to host 2030 Dialogue gatherings, financial literacy lectures, and youth nonprofit grant programs for Localstitch members.
- Alpha Lab (알파랩)minorAlpha Lab operates the LOF space platform at Localstitch Hwagok (3rd floor) and organizes the Sharing FC (공유FC) annual franchise forum, hosted at the Hwagok branch.
- Sharing FC (공유FC)minorKorea's largest franchise community, Sharing FC, runs monthly forums at Localstitch Hwagok focusing on data, overseas expansion, and investment in the food service franchise sector.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Localstitch competitors and assessment
Company assessmentDirect peers
- WeWork: Global coworking and flexible-office operator with significant presence in South Korea. Directly competes for coworking desks, private offices, and corporate memberships within the same Seoul market.
- FastFive (패스트파이브): Major Korean coworking and shared-office operator with locations across Seoul. Directly competes for the same freelancer and startup segments with similar pricing tiers and member-facing positioning.
- Sparkplus (스파크플러스): Korean shared-office and coworking operator focusing on flexible leases for startups and SMEs. Comparable business model around subscription-based workspace access and team-office upsell.
- Outsite: Global network of coliving and workation spaces for digital nomads and remote workers. Closely comparable to Localstitch's Tongyeong and Seoul coliving/workation offerings and monthly-stay positioning.
- Roam: Coliving and coworking community for remote workers with global locations. Comparable in combining residential + workspace subscriptions for nomads under a single membership.
- Common Ground: International coliving and coworking community for digital nomads with locations across countries. Similar monthly membership model and lifestyle/community positioning targeting creators and remote workers.
- OfficeK (오피스K): Korean shared-office operator providing team offices and meeting rooms for small businesses. Comparable in target segment (startups/SMEs) and Seoul-located subscription workspace model.
- The Company Korea (더컴퍼니): Korean workspace operator providing structured membership tiers for freelancers, startups, and remote workers. Directly comparable D2C subscription motion and Seoul-centric delivery.
Emerging players
- Selina: Lifestyle hospitality brand combining hostels, coworking, and wellness offerings targeting digital nomads and remote workers. Adjacent hybrid integrating lodging, workspace, and community programming.
Broad incumbents
- Industrious: Premium flexible-office and coworking operator focused on enterprise and team clients. Comparable in private-office and team-membership offerings, though higher-end enterprise positioning.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Localstitch social profiles
Digital presenceLocalstitch financial estimates
Financial estimateRevenue estimate
Valuation estimate
Localstitch leadership team
Management profileNumber of profiles
Profiles1 record
Localstitch funding detail
Funding detailFunding overview
Funding rounds4 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Localstitch M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Localstitch
What does Localstitch do?
Localstitch operates a multi-branch coworking and coliving membership platform in South Korea, offering a base lifestyle membership (120,000 KRW/month) that grants access to coworking lounges, meeting rooms, and partner-brand discounts across all locations. Members can add dedicated one-person desks, private offices for teams of 2–50+, and one-person coliving residential units, with community programming (Stitch Letter newsletter, member clubs, events) and a curated portfolio of in-house local retail brands. The company runs 13+ physical branches across Seoul and Tongyeong, including the ~300-room Creator Town Seogyo complex.
Is Localstitch a public or private company?
Localstitch is a private company. It is classified as venture growth investor backed and is currently operating.
When was Localstitch founded?
Localstitch was founded in 2023. It employs 11 to 50 people.
Where is Localstitch based?
Localstitch is headquartered in Mapo, South Korea, in the Asia region.
How does Localstitch make money?
Five revenue lines are on record. Membership Subscription is the primary driver. The others are coworking Space Rental (1-Person Desk & Fixed Seats), private Office Rental, coliving (Co-living) Room Rental and retail Brand Partnerships.
Who are Localstitch's main competitors?
Direct peers on record are WeWork, FastFive (패스트파이브), Sparkplus (스파크플러스), Outsite, Roam, Common Ground, OfficeK (오피스K) and The Company Korea (더컴퍼니). Selina is listed as an emerging player. Industrious is listed as a broad incumbent.
Does Localstitch have an API?
No public API is recorded for Localstitch.
What industry is Localstitch in?
Localstitch's product category is Coworking and Coliving Spaces. Its primary akta.pro industry code is THAMAFAI, Digital Nomad & Remote-Work Monthly Stays, with a secondary code of THAFADAJ, Coworking Cafes / Work Cafes. Its NAICS code is 7213 and its SIC code is 7000.