ESPACES OZ Fund

What ESPACES OZ Fund does

e|spaces (legal entity: e|spaces; referenced in this extract as ESPACES OZ Fund) is a Nashville-headquartered, privately-held flexible workspace operator founded in 2010 and led by President & CEO Jon Pirtle since 2014. The company provides private offices, team suites, coworking desks, meeting rooms, event space, and virtual office services across 17 announced locations spanning Tennessee (Nashville, Franklin, Brentwood, Murfreesboro, Goodlettsville, Chattanooga, Knoxville, and the upcoming Memphis site), Georgia (Atlanta Perimeter, Marietta), and Florida (Orlando) — with the Memphis Crescent Center location (21,000 sq ft) opening in early 2027 and the Cool Springs location (22,939 sq ft) having launched in July 2025. The Nashville cluster alone accounts for 323 workspaces across 6 sites and 26 meeting rooms; the network totals nearly 100 bookable meeting rooms.

The platform is built on OfficeRnD's third-party coworking management software (member login: espac.espaces.officernd.com), with no proprietary technology disclosed. Member-facing features include a single-membership multi-location access model, real-time meeting room booking with automated confirmations, and 24/7 key card access control. Revenue is generated through monthly workspace subscriptions (private offices $1,500-$3,500/month in Nashville, entry-level at $700/month), usage-based meeting room rentals ($40-$175/hour depending on market), event space bookings, and broker referral commissions (2 months rent for 12-month deals; 6% of contract value for longer terms). Go-to-market blends direct website/tour sales, a structured broker partnership program, self-serve hourly meeting room booking, and community events.

Customers span entrepreneurs and startups, mobile professionals and consultants (salespeople, lawyers, accountants, real estate agents), growing teams of 6-20, and enterprise satellite offices for national companies — a horizontally-segmented SMB-and-mid-market base with month-to-month terms and no disclosed anchor-tenant concentration. Ownership is founder-led (Jon Pirtle, David Gibbs, Phil Gibbs, Crom Carmichael) with a board including Brian Fox (Confirmation.com founder) and is bootstrapped apart from a single disclosed $300,000 funding round in January 2020.

Name

ESPACES OZ Fund

Legal name

e|spaces

Website

https://espaces.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

e|spaces is a Nashville-based flexible workspace operator providing private offices, team suites, coworking, meeting rooms, and event space across 17 locations in Tennessee, Georgia, and Florida. It serves entrepreneurs, mobile professionals, growing teams, and corporate satellite offices via month-to-month memberships and a multi-location access model.

Ownership category

akta.pro rank

Product category

Flexible Workspace Services

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Facilities Support Services (561210)

SIC

Operators Of Nonresidential Buildings (6512), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Hybrid Work Enablement & Desk/Room Booking Operations (BPABAFAH)

Keywords

• Flexible workspace solutions
• Private office rentals
• Coworking space
• Meeting room rentals
• Virtual office services

Headquarters

HQ city

Nashville

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Membership Subscriptions: Monthly membership plans providing access to private offices, coworking desks, and all locations. Month-to-month flexibility with no long-term lease required. Includes amenities such as high-speed Wi-Fi, printing, coffee, and on-site support.
2. Meeting Room Rentals: Hourly rental of equipped meeting rooms. Members receive discounted rates; non-members pay standard rates during business hours. Meeting rooms equipped with AV technology, displays, and video conferencing capabilities.
3. Broker Referral Commissions: Commission-based revenue from broker partnerships. Short-term clients (12-month deals) earn brokers 2 months rent commission. Long-term clients (>12 months) earn 6% of total contract value.
4. Event Space Rentals: Corporate event space rentals for workshops, happy hours, and company celebrations. Bookable through general inquiry forms.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

e|spaces operates a multi-location flexible workspace business providing private offices, team suites, coworking desks, meeting rooms, event space, and virtual office services across 17 locations in Tennessee, Georgia, and Florida. Members access all locations with a single membership that includes amenities such as high-speed Wi-Fi, business-class internet, free parking, printing, coffee, and on-site location manager support. The company sells workspace-as-a-service on month-to-month terms with all-inclusive pricing and no long-term lease commitments.

Product overview

e|spaces is a coworking and private office space provider offering flexible workspace solutions across multiple locations in Tennessee, Georgia, and Florida. The company operates a unified platform providing Private Office Space, Team Suites, Coworking Space, Meeting Rooms, Event Space Rentals, and Virtual Office services. Members can access all locations with a single membership, and all spaces include amenities such as high-speed Wi-Fi, free parking, business-class internet, printing services, and on-site location manager support.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Office Space Fully-furnished dedicated private offices with 24/7 access, security, custom branding, and customizable layouts for individuals or small teams of 1 to 5. Available across all e|spaces locations in Tennessee, Georgia, and Florida.
• Team Suites Expansive, dedicated private suites designed to accommodate teams of 6 to 20, offering the privacy of a traditional lease with flexibility and shared workspace amenities. Includes secure high-speed internet, on-demand meeting rooms, and customizable layouts. Designed for startups, remote teams, and growing companies.
• Coworking Space Collaborative workspace for individuals seeking a professional space to work, providing access to the full range of amenities including high-speed Wi-Fi, free printing, coffee, and on-site support at an affordable option.
• Meeting Rooms Meeting rooms bookable by the hour with no membership required. Various room sizes available with amenities including wireless displays, video conferencing, whiteboards, and enterprise-grade Wi-Fi. Available to both members (at discounted rates) and non-members (at standard rates during business hours).
• Event Space Rentals Spaces for hosting corporate events, workshops, mixers, panel discussions, happy hours, and company celebrations. Includes venues for large gatherings and team trainings, bookable through general inquiry forms.
• Virtual Office Professional business address services for members, providing credibility with a stable mailing address at e|spaces locations for businesses needing a professional presence without a physical office.
• Day Passes Flexible daily access to workspace for non-members at standard rates during business hours. Provides drop-in access to coworking space and amenities without a membership commitment.

Quantifiable outcome

• Nearly 100% of businesses say in-person meetings provide ROI
• +2 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Novel Coworking: Operator of boutique coworking spaces in mid-tier U.S. cities (including Nashville). Closest peer in footprint strategy and product positioning—mid-market coworking with private-office options.
• Venture X: Franchised coworking and shared-office operator with multiple U.S. locations. Competes directly with e|spaces for entrepreneurs, remote teams, and growing SMBs needing flexible office solutions.
• IWG (Regus, Spaces, HQ): The world's largest flexible-workspace operator with brands including Regus, Spaces, and HQ. Directly competes with e|spaces across private offices, coworking, and meeting rooms—offering greater capital and global scale in overlapping metro markets.
• WeWork: Global coworking and flexible-office operator offering private offices, team suites, and meeting rooms. Competes head-to-head with e|spaces in concept and product mix, though at larger scale and broader geographic footprint.
• Industrious: Premium flexible-workspace provider focused on enterprise-grade private offices and team suites with hospitality-driven design. Directly comparable to e|spaces' suite product for mid-market and enterprise clients.
• Office Evolution: U.S. franchised coworking and office provider with multiple Tennessee locations. Closest regional direct competitor with a similar SMB/mid-market positioning and private-office-plus-coworking model.
• Workbox: Flexible-workspace operator with locations across major U.S. metros. Comparable in target customer (professionals, small teams) and product offering (private offices, coworking, meeting rooms).
• Mindspace: Premium flexible workspace provider with a hospitality-led design and member-experience focus. Comparable to e|spaces on private offices and team suites, though oriented to a more upscale clientele.
• Convene: Flexible workspace and meeting/event venue operator with premium enterprise positioning. Directly competes with e|spaces on meeting rooms and event space rentals.

Broad incumbents

• Knotel (Newmark): Enterprise-focused flexible-office provider (now part of Newmark). Overlaps with e|spaces' team-suite offering for larger clients but operates at a different (enterprise-first) scale and scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/espacesofficial
• LinkedInlinkedin.com/company/espacesofficial/?viewAsMember=true
• Instagraminstagram.com/espacesofficial
• Xx.com/espacesinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ESPACES OZ Fund