NSPACE

What NSPACE does

NSPACE (앤스페이스) is a South Korean social developer group founded in November 2013 and headquartered in Seoul (Yeouido), with additional offices in Jeju. The company operates a hybrid model that combines a digital space-sharing marketplace, a portfolio of directly operated physical spaces, and an urban research institute. Its flagship product is SpaceCloud, a two-sided marketplace platform available on web and mobile (iOS and Android) that connects more than 80,000 registered hosts with over 2 million cumulative members across approximately 120,000 listed spaces; cumulative transaction value has exceeded 1,500 billion KRW (as of March 2025), with 5 million+ cumulative reservations completed. Beyond the platform, NSPACE develops and operates physical coliving and coworking spaces under the &Stable and IndieWorkers brands (including a flagship developed under the Seoul Social Housing REIT), runs the OnedayNomad café brand and Workshop Town regional activation service, and operates the NSPACE Urban Future Research Institute (도시미래연구소), which conducts AI-based real estate asset management research.

The business model combines marketplace transaction fees on SpaceCloud with subscription and rental income from physical space operations. Hosts join SpaceCloud at no upfront cost and the platform takes a commission on completed bookings; pricing details are not publicly disclosed. NSPACE monetizes physical assets directly via membership, rental, and event revenue from its operated spaces. The company has historically grown through Korean public-sector partnerships — Seoul Metropolitan Government, SH (Seoul Housing & Urban Planning Corporation), KT&G, and Ministry of Trade, Industry and Energy programs — and more recently through deeper alignment with Naver, which first invested in 2016 and acquired additional shares in June 2025.

Go-to-market is product-led and community-led, anchored on SpaceCloud's self-serve marketplace, supplemented by community programming at operated spaces, cultural events (OnedayNomad, IndieWorkers Day), and network groups (Sharing Jeju, Korea PropTech Forum, Impact Alliance). Distribution is primarily via web, mobile apps, and physical locations in Korea, with the November 2025 launch of SpaceCloud UK representing the company's first international market and a 2026 integration with ChatGPT extending the booking surface to conversational AI.

Name

NSPACE

Legal name

NSPACE Inc.

Website

https://nspace.co

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

NSPACE is a South Korean social developer group operating SpaceCloud, a two-sided space-sharing marketplace with 2M+ members and 80,000+ hosts, alongside directly operated co-living and co-working brands (&Stable, IndieWorkers) and an urban research institute. It generates revenue via marketplace transaction fees and physical space operations, serving individuals, SMB hosts, and public-sector partners in Korea and the UK.

Ownership category

akta.pro rank

Product category

Space-sharing marketplace / PropTech

NAICS

Offices of Real Estate Agents and Brokers (5312), Lessors of Residential Buildings and Dwellings (53111), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Real Estate Agents & Managers (For Others) (6531), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Hostel & Shared Accommodation Booking Platforms (Short-Stay Shared Inventory) (THAMALAK)

akta.pro secondary industries

Shared Space Rentals (Shared Rooms) (THAGANAD), Remote/Alternative Accommodation Management (Cabins, Tiny Homes, Glamping) (BPAJAIAG)

Keywords

• Space-sharing marketplace
• Space rental platform
• Co-working spaces
• Co-living spaces
• Proptech services

Headquarters

HQ city

Yeoksamdong

HQ country

South Korea

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Digital Commerce or Content

Cost components

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

Revenue model

1. SpaceCloud 플랫폼 수수료 (Transaction Fee): SpaceCloud generates revenue through transaction fees (marketplace commission) on space rental bookings. Hosts list spaces for free and the platform takes a cut on completed transactions. Cumulative transaction volume exceeded 1,500 billion KRW (as of March 2025).
2. 공유공간 운영 수익 (&Stable, IndieWorkers): Revenue from operating physical co-living and co-working spaces. The company develops, brands, and operates community spaces directly, generating rental and membership income.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

NSPACE operates SpaceCloud, a two-sided space-sharing marketplace platform that connects hosts (property owners, coworking operators, hospitality providers) with individuals and businesses seeking to rent shared spaces for work, events, meetings, and activities. The platform is free for hosts to join and earns transaction fees on completed bookings. Alongside the marketplace, NSPACE directly develops and operates physical co-living and co-working spaces under the &Stable and IndieWorkers brands and conducts AI-driven real estate and urban research through the NSPACE Urban Future Research Institute (도시미래연구소).

Product overview

NSPACE is a social developer group that operates a multi-product portfolio centered around space sharing and urban development. The core product is SpaceCloud (스페이스클라우드), a space-sharing marketplace platform with over 2 million members and 150 billion+ KRW in cumulative transactions, supplemented by Spacebiz, a channel for space operators, and Workshop Town, a regional activation service. NSPACE also develops and operates physical co-living and co-working spaces under the &Stable (앤스테이블) and IndieWorkers (인디워커스) sub-brands, and conducts real estate research and urban policy studies through its Urban Future Research Institute. The company additionally publishes a city/space magazine '도시산책' and runs community platforms in partnership with government bodies. The product ecosystem spans IT platform services, physical space planning and operations, and urban research and policy consultancy.

Differentiator

Problem solved

Functional benefit

Brands

• SpaceCloud (스페이스클라우드): 공간공유 플랫폼 서비스로 200만+ 누적 회원, 8만+ 등록된 호스트, 12만+ 등록된 공간, 1500억+ 누적 거래액 (2025년 3월 기준)
• &Stable (앤스테이블)
• IndieWorkers (인디워커스)
• OnedayNomad (원데이노마드)
• Workshop Town (워크숍타운)
• Spacebiz.kr (스페이스비즈)
• NSPACE Lab (도시미래연구소)
• CommonsClub (커먼즈클럽)
• Local Impact (로컬임팩트)

Products and services

• SpaceCloud (스페이스클라우드) Space-sharing marketplace platform enabling transparent discovery, booking, and payment of shared spaces (offices, event venues, cafes, studios, seminar rooms) for individuals and businesses. Free for hosts to list; generates transaction fees on completed bookings.
• Spacebiz (스페이스비즈) Dedicated channel and community platform for space operators and managers, providing tools, resources, and networking opportunities to grow their space-sharing businesses.
• &Stable (앤스테이블) Directly-operated community house brand for co-living and co-working spaces targeting unique individuals, developed in partnership with Seoul Metropolitan Government and SH under Seoul Social Housing REIT.
• IndieWorkers (인디워커스) Neighborhood-style co-working space brand operated directly by NSPACE, providing flexible workspace for individual freelancers and small teams in local Seoul, Hanam, and Jeju communities.
• Cafe OnedayNomad (카페 원데이나마드) Work-friendly cafe brand developed and operated by NSPACE, designed as an ideal cafe environment for productive work, combining hospitality with workspace functionality.
• Workshop Town (워크샵타운) Regional activation project service launched in July 2024 to support workspace and community engagement programs in specific regions across South Korea.
• NSPACE Urban Future Research Institute (도시미래연구소) Research and technology institute focused on creative transformation of real estate resources, including AI-based real estate asset management research, public property activation studies, and consumer-centric service strategy development.

Quantifiable outcome

• 2M+ cumulative members on SpaceCloud platform
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• 한국해비타트 (Habitat Korea)coreStrategic or Co-development Partner · 1 December 2025Memorandum of Understanding signed in December 2025 for a social housing support initiative targeting socially vulnerable groups, representing NSPACE's social impact mission.
• 삼성전자 (Samsung Electronics)minorGTM or Marketing Partner · 1 January 2025SpaceCloud and Samsung Electronics Business Mall ran a special promotion campaign targeting space hosts on Samsung's B2B platform, promoting SpaceCloud's space-sharing services to Samsung's business customer base.
• 제주특별자치도 / 제주시사회적경제지원센터minorStrategic or Co-development Partner · 1 January 2023In 2021, NSPACE developed the 'Jeju Quiet Walking' (제주착한여행 고요산책) brand package as part of a local brand support project by the Ministry of Trade, Industry and Energy and Jeju's Social Economy Support Center.
• KT&GminorStrategic or Co-development Partner · 1 July 2020NSPACE set up and operated the social venture coworking office '상상플래닛' (Sangsang Planet) in partnership with KT&G in July 2020, supporting startups and entrepreneurial activity.
• SH (서울주택도시공사, Seoul Housing & Urban Planning Corporation)coreStrategic or Co-development Partner · 1 January 2018Selected as operating investor for Seoul Social Housing REIT units 1 and 2 (with Seoul City and SH) in January 2018. NSPACE develops and operates community housing under this partnership, including the &Stable Daejeo flagship location.
• 서울시 (Seoul Metropolitan Government)coreStrategic or Co-development Partner · 1 October 2014NSPACE partnered with Seoul City for multiple projects including: operation of the Seoul Youth Space Mujungjongdari (2014–2016), the Community Space Platform 공간이음 (2020), and joint research on Junggyebon-dong residential area management (2020–2021).
• 동그라미재단minorStrategic or Co-development Partner · 1 March 2014NSPACE served as the overall space planning and operations coordinator for the Open Content Lab (오픈콘텐츠랩) project initiated by the Donggeurumi Foundation (2014–2015), marking one of the company's earliest community space projects.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• JustCo: Asia-Pacific coworking and flexible office operator (Singapore-headquartered, presence across SEA and East Asia). Regional incumbent comparable to NSPACE's IndieWorkers and &Stable physical operations in Asia.
• Airbnb: Global short-term rental marketplace. While focused on overnight stays rather than hourly space rentals, Airbnb is the dominant global marketplace incumbent that SpaceCloud competes against as it expands internationally.
• WeWork: Global coworking and flexible office operator with a large direct-operated footprint. Comparable to NSPACE's IndieWorkers brand on the physical-coworking side, though WeWork does not run a P2P marketplace.

Direct peers

• Coworker.com: Global coworking space marketplace with a directory + booking model. Comparable to SpaceCloud's IndieWorkers and SpaceCloud platforms on the coworking side, though Coworker.com does not operate venues directly.
• Splacer: P2P marketplace for unique event and creative spaces, primarily in the US. Directly comparable to SpaceCloud in target use cases (events, filming, meetings) and platform economics, though smaller in scale.
• Peerspace: US-based P2P marketplace for hourly and daily space rentals (event, meeting, production spaces). Closest direct analog to SpaceCloud by business model — two-sided marketplace monetizing via transaction fees on short-term space bookings.
• Tagvenue: UK- and Australia-headquartered venue and event-space marketplace connecting hosts and bookers. Direct competitor in the UK market where SpaceCloud just launched in Nov 2025, with similar transaction-fee revenue model.

Regional players

• FastFive (패스트파이브): Korean coworking space operator with multiple Seoul locations. Domestic Korean peer to NSPACE's IndieWorkers brand, operating a similar flexible-workspace model in the same geographic market.

Emerging players

• Eventup: Online marketplace for booking event venues, primarily in the US. Niche overlap with SpaceCloud's event- and meeting-space use cases, smaller-scale emerging competitor with similar transaction-fee economics.
• CoworkBooking: Online booking platform for coworking and meeting rooms across multiple operators. Emerging player with partial overlap with SpaceCloud's coworking supply and booking flow, primarily in Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nspaceco

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries8 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 NSPACE