LAUFT

What LAUFT does

LAUFT (legal entity MYLAUFT Inc.) operates a flexible workspace booking platform headquartered in Toronto, Ontario, founded in 2022. The company enables on-demand reservations of workstations, private offices, meeting rooms (boardrooms and workrooms), and event spaces across six locations in the Greater Toronto Area — Burlington Centre, King East (95 King Street East), EVNT by LAUFT, Oakville (coming soon), Prime Storage Ajax, and Prime Storage Castlefield. Pricing is structured as pay-as-you-go hourly and daily rates, ranging from $5/hr for a SmartDesk hot desk to $250/hr for the event venue, with a subscription option for long-term office rentals. Customers include individual freelancers and remote workers, small teams and SMBs, and enterprise clients such as Adecco, Lulu, L'Oréal, and Starbucks.

The underlying technology is a self-serve reservation platform accessible via website and native iOS/Android applications, supporting same-day bookings up to one year in advance with recurring weekly or monthly session capabilities. LAUFT differentiates its distribution by embedding workspaces into non-traditional real estate, including Prime Storage self-storage facilities and a Burlington Mall food court adjacency. The company is part of Canada's first coast-to-coast flexible workspace network through 2024 partnerships with Clickspace, Werklab, and CoWork Halifax, and holds a $13.8 million contract with the Government of Canada granting federal employees access to the network. The go-to-market motion is primarily self-serve product-led growth, supplemented by direct enterprise sales for contracts and event bookings.

Name

LAUFT

Legal name

MYLAUFT Inc.

Website

https://lauft.work

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

LAUFT is a Toronto-based flexible workspace operator offering on-demand booking of workstations, meeting rooms, and event spaces across six Greater Toronto Area locations via a self-serve web and mobile platform, serving freelancers, SMBs, enterprise clients, and federal government employees.

Ownership category

akta.pro rank

Product category

Flexible Workspace Services

NAICS

Facilities Support Services (561210)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

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

Keywords

• Flexible workspace rental
• Co-working spaces
• Meeting room booking
• Event venue rental
• Hot desk rental

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. On-demand Workspace Rentals: Hourly and daily rental of workstations, boardrooms, workrooms, offices, and event spaces. Flexible booking with rates starting at $5/hour for SmartDesk up to $250/hour for event spaces.
2. Long-term Office Space Rentals: Flexible office terms for teams and professionals seeking more permanent accommodation, with limited availability and waitlist options
3. Government Contract: $13.8 million contract with the Government of Canada granting federal employees access to LAUFT's flexible workspace network

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

LAUFT operates a network of flexible physical workspaces across Ontario that customers can reserve by the hour or by the day through a proprietary online and mobile booking platform. Its core offerings include hot desks, dedicated single workspaces, private offices, team workrooms, professional boardrooms, and event venues, complemented by flexible long-term office rentals and white-glove on-site service. The platform targets individual professionals, teams, enterprise clients, and government departments seeking workspace without long-term lease commitments.

Product overview

LAUFT operates as a flexible workspace booking platform offering on-demand workstations and meeting spaces at multiple Greater Toronto Area locations. The core offering includes a tiered product lineup: SmartDesk (hot desking at $5/hr), Single (dedicated workspace at $9/hr), Office (private office at $19/hr), Workroom (collaborative space at $39/hr), and Boardroom (meeting room at $79/hr). The company also operates EVNT by LAUFT as a separate event venue brand ($250/hr) for corporate and social gatherings. Additional services include long-term office rentals and a mobile app for booking management. LAUFT's platform enables same-day reservations up to 1 year in advance with recurring session capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• SmartDesk Entry-level hot desk workspace available for hourly or daily rental ($5/hr, $35/day) for individual professionals seeking a cost-effective on-demand workspace.
• Single (SmartSingle) Dedicated single-occupancy workspace for focused individual work at the King East location, priced at $9/hr or $63/day.
• Office Private office space for individuals or small teams offering more seclusion than open workstations, available at LAUFT locations.
• Workroom Larger workspace suitable for small team collaboration and meetings, available at multiple LAUFT locations, priced at $39/hr or $273/day.
• Boardroom Professional meeting room equipped for presentations and team meetings, available at multiple LAUFT locations including King East and Prime Storage Ajax, priced at $79/hr or $553/day.
• EVNT by LAUFT Dedicated event venue at 95 King Street East in Toronto for corporate meetings, weddings, parties, launches, and gatherings, offering customizable layouts and event planning services, priced at $250/hr or $1750/day.
• Long-Term Office Space Flexible office terms for teams and professionals seeking more permanent workspace accommodation, offered at select LAUFT locations on monthly recurring billing with waitlist availability due to high demand.
• LAUFT Mobile App iOS and Android mobile application enabling users to discover LAUFT spaces, make reservations, and manage bookings on the go via app stores.

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered flagship and core.

• Government of CanadaflagshipStrategic or Co-development Partner · 1 January 2024The federal government awarded LAUFT a $13.8 million contract, the company's largest to date. This partnership grants government employees access to LAUFT's flexible workspace network, supporting the government's embrace of flexible workplace arrangements.
• ClickspacecoreStrategic or Co-development Partner · 1 January 2024Clickspace collaborated with LAUFT, Werklab, and CoWork Halifax to launch Canada's first coast-to-coast network of flexible workspaces, expanding LAUFT's geographic reach nationally.
• WerklabcoreStrategic or Co-development PartnerPartner in Canada's first coast-to-coast flexible workspace network alongside Clickspace, LAUFT, and CoWork Halifax
• CoWork HalifaxcoreStrategic or Co-development PartnerPartner in Canada's first coast-to-coast flexible workspace network alongside Clickspace, LAUFT, and Werklab
• Prime StoragecoreStrategic or Co-development PartnerLAUFT integrates workspaces into Prime Storage's premium self-storage facilities, providing modern workspace experiences within existing storage infrastructure

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Industrious: Industrious is a premium flexible workspace provider partnering with landlords and enterprise clients (including enterprise sales-led contracts). It is a direct peer to LAUFT given its focus on enterprise/HQ contracts, hybrid work enablement, and design-forward workspaces comparable to LAUFT's positioning.
• Werklab: Werklab is a Canadian coworking and flexible workspace operator partnered with LAUFT in the coast-to-coast network. It competes with LAUFT in shared workspace offerings for freelancers, teams, and small businesses in the Canadian market.
• Knotel: Knotel provides flexible, custom-built office space solutions for enterprise clients on managed-agreement terms. It is comparable to LAUFT in serving enterprises seeking flexible, branded workspace, though Knotel is now operated under Newmark following its 2021 wind-down.
• Clickspace: Clickspace is a Canadian flexible workspace operator and a strategic partner in LAUFT's coast-to-coast network. It directly competes in the same Canadian market with similar on-demand booking, multi-location access, and hybrid work offerings.
• All Work & Social: All Work & Social operates a curated network of coworking and shared workspaces with a focus on hospitality-grade environments. It is comparable to LAUFT in offering flexible office, meeting room, and event space products to professionals and small businesses.

Regional players

• Workhaus: Workhaus is a Toronto-based coworking and flexible office provider operating multiple locations across the GTA. It is a regional peer to LAUFT, competing for the same Ontario-based professionals, teams, and enterprise clients.
• Project Space Toronto: Project Space operates flexible meeting and event venues in Toronto comparable to LAUFT's EVNT by LAUFT sub-brand. It competes for corporate event bookings, off-sites, and private meeting room rentals in the same Toronto downtown market.

Broad incumbents

• WeWork: WeWork is a global flexible workspace operator offering on-demand and dedicated offices, meeting rooms, and event spaces to enterprises and individuals. It competes with LAUFT in the Toronto/GTA market with a broader footprint but overlapping hourly booking and enterprise contract offerings.
• IWG (Regus, Spaces): IWG operates the world's largest network of flexible workspaces under brands including Regus, Spaces, HQ, and Signature. It is a broad incumbent competing with LAUFT across flexible office, meeting room, and virtual office products, especially for enterprise and government accounts in Canadian cities.
• Convene: Convene is a premium flexible workplace and meeting/event venue operator serving enterprise clients. Comparable to LAUFT's enterprise focus and its EVNT by LAUFT event space sub-brand, especially for large corporate bookings.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/lauftfortheppl
• Facebookfacebook.com/LAUFT-103003734471302
• LinkedInlinkedin.com/company/lauft-flexible-workspace-network
• Instagraminstagram.com/lauftforthepeople

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors1 record

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 LAUFT