Patchwork

What Patchwork does

Patchwork (PATCHWORK SAS) is a premium flexible workspace operator headquartered in Paris, founded in 2017 by Jordan Chiche. The company designs, renovates, and operates serviced office and coworking spaces across nine business centers in the prestigious Quartier Central des Affaires (QCA), spanning the 2nd, 3rd, 8th, 9th, 11th, and 16th arrondissements. Its portfolio covers approximately 40,000 m² and 5,500 workstations, ranging from private offices (1-35 desks) to full-floor privatization (35-300 desks) and entire-building leases (200+ desks), complemented by meeting rooms, auditoriums, event venues, and company domiciliation services.

The underlying technology is a hybrid physical-digital platform: a real-estate operating layer combined with an online booking system, mobile application for members (meeting room credits, badge-based access), and direct sales infrastructure (website, phone, on-site visits). The "Bureau opéré" (Bureau as a Service) product integrates hospitality management, IT infrastructure, cybersecurity, premium furniture (Herman Miller), daily cleaning, food programs, and events into a single subscription. Design & Build provides turnkey custom fit-out including space planning, branding, and security installations. The core technology does not involve proprietary AI/ML systems; it is standard facility management with a digital member interface.

The business model is primarily subscription-based monthly recurring revenue, with desks priced at €680-€850 per workstation per month depending on location (e.g., €680 at République, €850 at Sainte-Cécile). Ancillary revenue streams include usage-based meeting room rental (half-hour, hour, half-day, full-day), domiciliation (€39-€99/month HT), event/MICE venue hire, and project-based Design & Build fees. GTM combines enterprise field sales (site visits, phone sales) with self-service online booking for smaller commitments. Patchwork serves a diversified mix of 200+ clients including large enterprises (Chanel, Capgemini, BBC, Revolut, Splunk, Deliveroo, Eiffage, AMF), scale-ups (Sorare, Pigment, Swile), and freelancers, with reported 88% contract renewal and a 4.8/5 customer rating.

Name

Patchwork

Legal name

PATCHWORK SAS

Website

https://patchwork.co

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Patchwork is a premium Paris-based flexible workspace operator offering private offices, full floors, meeting rooms, and event venues across 9 QCA locations to enterprise clients and growing companies.

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

Space & Occupancy Services (Move/Add/Change, Seating, Wayfinding) (IMAIALAF)

akta.pro secondary industry

Workation & Business-Ready Rentals (Remote-Work Equipped) (THAGANAJ)

Keywords

• Flexible office space
• Serviced offices
• Premium coworking
• Meeting room rental
• Virtual office services

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Office Space Rental: Monthly rental of private offices, entire floors, and full buildings. Pricing varies by location from 680€/post/mois (République) to 850€/post/mois (Sainte-Cécile). Revenue is recurring on a monthly basis with flexible contract terms.
2. Meeting Room Rental: Rental of meeting rooms and conference spaces to both members and external clients. Available for booking by half-hour, hour, half-day, or full day. Includes catering and event services.
3. Company Domiciliation: Business address services starting from 39€/HT/mois or 99€/HT/mois initial offer. Includes mail handling, digitization, reception services, and meeting room credits. Generates recurring monthly revenue from registered business addresses.
4. Design & Build Services: Custom office design, renovation, and build-out services for clients wanting personalized workspaces. Includes space planning, branding, security installations, and bespoke fittings. One-time project-based revenue.
5. Event Spaces and MICE: Event venue rental including auditoriums (up to 180-300 seats), conference centers, and party spaces. MICE (Meetings, Incentives, Conferences, Events) management services with dedicated managers and catering partnerships.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Patchwork designs, fits out, and operates premium flexible workspaces in prestigious Paris locations. It rents fully equipped private offices, full-floor plates, and entire buildings on monthly subscription terms, alongside meeting rooms, virtual office (Domiciliation) addresses, event venues, and a Design & Build service. All-inclusive service covers furniture, WiFi, daily cleaning, hospitality management, IT infrastructure and reception.

Product overview

Patchwork is a premium serviced office and coworking operator offering flexible workspace solutions across 9 prestigious Parisian addresses in the QCA (Quartier Central des Affaires). The portfolio comprises four distinct workspace tiers: Bureaux privés (1-35 workstations), Plateau privatif (35-300 workstations), and Immeuble entier (200+ workstations) as core products, complemented by Salles de réunion rental and Domiciliation virtual office services. Two service modules extend the offering: Design & Build for custom office construction and Espaces événementiels for event venues. The Bureau opéré (Bureau as a Service) model integrates hospitality, IT, security, furniture, and food services into a single subscription. Pricing ranges from €680-850€/month per workstation depending on location.

Differentiator

Problem solved

Functional benefit

Products and services

• Bureaux privés (Private Offices) Fully equipped, key-in-hand private offices for 1 to 35 workstations, designed for teams needing confidentiality and dedicated workspace. Prices range from €680 to €850 per desk per month depending on the Paris location, with all-inclusive furniture, WiFi, cleaning, coffee, and meeting room access.
• Plateau privatif (Full-Floor Private Plate) Full-floor private workspaces accommodating 35 to 300 employees, offering complete floor or full building privatization for large teams with full customization options such as branding, security installations, and bespoke fittings.
• Immeuble entier (Entire Building) Entire building rental from 200 workstations, delivering complete building exclusivity for organizations requiring maximum space, privacy, and customization across the network's largest sites.
• Salles de réunion (Meeting Rooms) Meeting rooms ranging from 4 to 30+ seats equipped with high-end audiovisual equipment, available for booking by half-hour, hour, half-day, or full day by both members and external clients during center hours (8:30-19:30 Monday-Friday).
• Domiciliation (Virtual Office) Virtual office and company domiciliation service providing prestigious Parisian business addresses starting from €39/month HT (or €99/month initial offer), with options including mail reception, digitization, and meeting room credits.
• Design & Build Custom office design and build service delivering turnkey solutions from conceptualization through execution, including space planning, branding, custom installations, and sustainable material options.
• Espaces événementiels (Event Spaces) Event spaces including auditoriums (up to 180-300 seats), conference centers, and versatile venues for seminars, conferences, cocktails, and corporate events, with dedicated event managers and catering partnerships.
• Bureau opéré (Bureau as a Service) Fully managed office solution with all-inclusive services: hospitality, IT infrastructure, cybersecurity, premium furniture (Herman Miller), daily cleaning, food program, and events management, delivered as a subscription.

Quantifiable outcome

• 88% contract renewal rate demonstrates client satisfaction and long-term trust
• +3 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Convene: Convene is a premium workspace and meeting/events operator that combines flexible offices with full-service meeting and event venues. Its premium hospitality-led model and enterprise focus closely mirror Patchwork's approach, though its primary footprint is in the US and UK.
• Industrious: Industrious is a US-based premium flex office operator that was acquired by CBRE in 2024, providing enterprise workspace-as-a-service. While it has limited Paris presence, its premium service model, partnership-driven GTM, and enterprise focus closely parallel Patchwork's positioning and could enter the Paris market.

Direct peers

• Deskopolitan: Deskopolitan is a French flex office operator with multiple Paris and Lyon locations, offering private offices, meeting rooms, and event spaces. It targets similar SME and enterprise segments as Patchwork and competes directly for the same Paris-based customers.
• The Bureau: The Bureau is a French premium private office and coworking operator with a Paris-focused portfolio of well-designed spaces. Its emphasis on hospitality, design, and central locations places it in direct competition with Patchwork's mid-market enterprise positioning.
• WeWork: WeWork is a global flex office operator with Paris locations, offering private offices, coworking, and enterprise solutions. Following its 2023 restructuring under Yardi ownership, WeWork has refocused on operational discipline, directly competing with Patchwork for premium Paris tenants.
• Kwerk: Kwerk is a premium French coworking operator founded in 2014 with notable Paris locations including a major Haussmann-era building. It competes with Patchwork in the upper-tier segment focused on design quality, hospitality-inspired service, and central Parisian addresses.
• Morning Coworking: Morning Coworking is a French coworking operator with multiple Paris locations offering flexible offices, meeting rooms, and event spaces. It serves a similar mix of freelancers, startups, and SMEs in Paris and competes for the same value-conscious segment of Patchwork's customer base.
• Wojo: Wojo is a leading French flex office brand formed from the merger of Nextdoor and Workwell, operating 80+ sites across France including major Paris locations. It targets similar enterprise and scale-up segments as Patchwork and is one of the closest direct competitors in the Paris market.
• Newton Offices: Newton Offices (now part of Sinny) is a French premium flex office operator with several central Paris locations offering private offices, meeting rooms, and event spaces. It is comparable to Patchwork in scale, product offering, and focus on prestige Paris addresses.
• IWG (Regus, Spaces, HQ): IWG is the world's largest flex office operator with 4,000+ locations across 120+ countries, including a strong Paris presence. Its Spaces and HQ brands directly compete with Patchwork's premium, design-forward positioning, and its scale gives it structural advantages in real estate sourcing and pricing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/patchwork-co
• Instagraminstagram.com/patchworkspace
• Xx.com/patchworkspace
• Facebookfacebook.com/10152845855600047

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

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 Patchwork