XCHG
XCHG Spaces operates a single premium coworking and event venue on the 7th floor of 22 Bishopsgate in London's City, serving professionals, entrepreneurs, and small-to-medium businesses with flexible memberships, dedicated desks, day passes, meeting rooms, a podcast studio, and event spaces.
- Company typePrivate
- Founded-
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What XCHG does
XCHG Spaces is a single-site, community-centric coworking and flexible-workspace operator located on the 7th floor of 22 Bishopsgate, London EC2N 4BQ, a 278-metre landmark tower in the City of London's financial district. The company is operated by NewFlex Limited (England Company No. 05432553) under an arrangement with the building's owner, 22 Bishopsgate Limited Partnership. Its offering spans flexible memberships and dedicated desks, pay-as-you-go day passes for non-members, and a set of bookable meeting rooms, an auditorium, a podcast studio, and event spaces (the latter available for parties, awards, product launches, and conferences with optional catering). XCHG targets professionals, entrepreneurs, and small-to-medium businesses seeking premium central-London workspace, with a secondary focus on corporate teams using the building as a satellite office.
The underlying technology stack is built on the third-party Nexudus coworking management platform, exposed through native iOS and Android XCHG apps that handle touch-free building access, room bookings, payments, and community/event discovery. Members and visitors transact through a self-serve web booking flow, with phone and email available for higher-touch inquiries, and the app also surfaces year-round talks, industry panels, networking nights, and wellness programming (e.g., puppy yoga, mobility sessions) as part of an XCHG Perks benefits package and a referral programme.
Commercially, XCHG runs a hybrid revenue model: recurring monthly subscriptions for flexible memberships and dedicated desks, usage-based day passes, and unit-priced meeting-room and event-space rentals with catering add-ons. Distribution is concentrated at the 22 Bishopsgate floor, supported by marketing partnerships (a 3D virtual tour via HeadBox and on-site food/event amenities from Rhubarb Hospitality Collection on Level 2). Customer concentration is dispersed across individuals and SMBs with no disclosed enterprise anchor logos, and the operating footprint is wholly UK-domestic and single-tenant.
XCHG firmographics
Firmographics- Name
- XCHG
- Legal name
- NewFlex Limited
- Website
- https://xchgspaces.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- XCHG Spaces operates a single premium coworking and event venue on the 7th floor of 22 Bishopsgate in London's City, serving professionals, entrepreneurs, and small-to-medium businesses with flexible memberships, dedicated desks, day passes, meeting rooms, a podcast studio, and event spaces.
- Ownership category
- akta.pro rank
Where XCHG is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
XCHG business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Coworking Memberships: Revenue generated from flexible membership plans including dedicated desks and hot desks, providing permanent or part-time access to premium workspace in 22 Bishopsgate
- Meeting Rooms & Event Spaces: Bookable meeting rooms, auditorium, podcast studio, and event spaces available to both members and non-members, with catering options
- Day Passes: Pay-as-you-go day passes for non-members wanting temporary access to coworking facilities
- XCHG Perks & Referrals: Member benefits program including discounts and referral incentives
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Flexible Memberships |
| Subscription | Monthly | Dedicated Desk |
| Usage-based | Pay-as-you-go | Day Pass |
| Unit Pricing | Pay-as-you-go | Meeting Rooms & Event Spaces |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
XCHG product offering
Product offeringCore offering
XCHG is a community-centric coworking and flexible workspace provider located on the 7th floor of 22 Bishopsgate in London. It sells flexible memberships, dedicated desks, day passes, bookable meeting rooms, event spaces, a podcast studio, and an auditorium to professionals, entrepreneurs, and small to medium businesses. Customers access the offering through a mobile app (iOS and Android) and online booking platform powered by the Nexudus system.
Product overview
XCHG operates as a community-centric coworking and flexible workspace at 22 Bishopsgate, offering a unified membership model that provides access to various workspace types including hot desks, dedicated desks, meeting rooms, event spaces, podcast studios, and an auditorium. Members can book spaces via a dedicated mobile app (available on iOS and Android), and non-members can purchase day passes. The offering is powered by NewFlex and uses the Nexudus platform for booking and community management.
Differentiator
Problem solved
Functional benefit
Products and services
- XCHG Spaces (Coworking Memberships) Community-centric coworking and flexible workspace located on the 7th floor of 22 Bishopsgate, providing flexible memberships and dedicated desks to professionals, entrepreneurs, and businesses.
- Meeting Rooms Fully serviced meeting rooms available for booking via the XCHG app or website, suitable for small team sessions through to larger gatherings, with optional catering.
- Event Spaces Event venues within XCHG for hosting parties, award ceremonies, product launches, conferences, exhibitions, and VIP events, with optional catering.
- Podcast Room Podcast studio and editing suites available for recording and post-production media work.
- Auditorium Large auditorium space within XCHG for events, presentations, and conferences.
- Day Pass Pay-as-you-go day pass providing temporary access to XCHG coworking facilities and meeting room booking for non-members.
Companies that use XCHG
Customer profileSegments3 records
Ideal customer profiles3 records
XCHG technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
XCHG partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- 22 Bishopsgate Limited PartnershipcoreBuilding ownership partnership for XCHG's premium coworking space operations at 22 Bishopsgate. XCHG operates within the 22 Bishopsgate building as a tenant under management by 22 Bishopsgate Limited Partnership.
- NewFlex LimitedcoreOperator of XCHG coworking spaces. NewFlex Limited (registered in England No 05432553) manages the XCHG space at 22 Bishopsgate on behalf of 22 Bishopsgate Limited Partnership. Provides booking systems, member services, and facility management.
- Rhubarb Hospitality CollectionminorOperates The Market on Level 2 of 22 Bishopsgate, the building's foodie hub offering coffee, upscale dining, and event hosting capabilities available to XCHG members and visitors.
- HeadBoxminor3D tour partnership providing virtual exploration of XCHG spaces through HeadBox platform.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
XCHG competitors and assessment
Company assessmentDirect peers
- WeWork: The largest global coworking and flexible-workspace operator with multiple London sites, offering hot desks, dedicated desks, and meeting rooms to professionals and businesses — directly competing with XCHG's core offering.
- The Office Group: UK premium flexible-workspace provider with multiple central London sites serving professionals and SMEs with memberships, meeting rooms, and event spaces — a close direct peer to XCHG.
- Workspace Group: London-focused flexible-workspace provider offering SMEs serviced offices and coworking across the capital, comparable to XCHG's SME target segment in central London.
Broad incumbents
- IWG (Regus, Spaces): World's largest flexible-workspace group operating Regus, Spaces, HQ and Signature brands across London. Competes with XCHG on premium city-centre locations and corporate memberships.
- Industrious: Premium flexible-workspace operator focused on enterprise and corporate clients with meeting and event offerings — adjacent incumbent competing for the same corporate tenant pool as XCHG.
- Convene: Premium meeting, event, and flexible-workspace provider combining hospitality-grade venues with coworking — overlaps with XCHG's event space and meeting room business lines.
Emerging players
- Second Home: Design-led boutique coworking operator with flagship London locations targeting creative professionals and corporates, overlapping with XCHG's community-led, premium positioning.
- Huckletree: UK-based community-driven coworking operator with London sites targeting startups and scale-ups, overlapping with XCHG's entrepreneur and SMB audience and event-led model.
- Runway East: UK startup-focused coworking operator with London locations offering memberships and event programming — comparable to XCHG's startup/SME community-led approach.
- Mindspace: Design-led flexible-workspace provider with London presence, offering premium coworking and event spaces to professionals and corporates — comparable in positioning to XCHG.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
XCHG social profiles
Digital presenceXCHG financial estimates
Financial estimateRevenue estimate
Valuation estimate
XCHG leadership team
Management profileNumber of profiles
XCHG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
XCHG 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 XCHG
What does XCHG do?
XCHG is a community-centric coworking and flexible workspace provider located on the 7th floor of 22 Bishopsgate in London. It sells flexible memberships, dedicated desks, day passes, bookable meeting rooms, event spaces, a podcast studio, and an auditorium to professionals, entrepreneurs, and small to medium businesses. Customers access the offering through a mobile app (iOS and Android) and online booking platform powered by the Nexudus system.
Is XCHG a public or private company?
XCHG is a private company. It is classified as unknown and is currently operating.
When was XCHG founded?
XCHG was founded in -1. It employs 11 to 50 people.
Where is XCHG based?
XCHG is headquartered in London, United Kingdom, in the Europe region.
How does XCHG make money?
Four revenue lines are on record. Coworking Memberships are the primary driver. The others are meeting Rooms & Event Spaces, day Passes and XCHG Perks & Referrals.
Who are XCHG's main competitors?
Direct peers on record are WeWork, The Office Group and Workspace Group. Broad incumbents are IWG (Regus, Spaces), Industrious and Convene. Emerging players are Second Home, Huckletree, Runway East and Mindspace.
Does XCHG have an API?
No public API is recorded for XCHG.