What Creative States (KSh) does

Creative States is a privately held Ukrainian operator of premium flexible-workspace and serviced-office locations, headquartered in Kyiv and operating under ТОВ «КРЕАТИВНА КРАЇНА» (EDRPOU 42681250). Founded in 2019 by Ilia Kenigshtein, the company runs six locations — five in central Kyiv (CS Senator, CS Gulliver, CS Arsenal, CS Arsenal-2, CS Arsenal-3) and one in Dnipro (CS Dnipro) — collectively spanning over 20,000 m² with capacity for more than 3,000 workstations and serving 1,500+ active residents. Each location carries a distinct thematic design (1930s New York, 1980s Los Angeles, New Orleans Art Nouveau, Hogwarts/Edinburgh) and includes dedicated bomb shelter space, an operational necessity in wartime Ukraine that the company cites as a differentiator.

The product portfolio is layered: from one-day passes (from $25), hot-desk memberships and fixed desks ($120-360/month), through private offices, business studios, and flex offices ($280-650/month), to premium executive suites ($1,500-3,000/month). A Spacebring-powered mobile app handles booking, event registration, and digital access, while on-site amenities include CS Kitchen (in-house chef food service), CS Clubs (interest-based community programming), legal-address registration, and bookable meeting rooms ($25-80/hour) and event venues ($150-300/hour). The company also sells branded merchandise via CS Store and offers bundled business services (HR, legal, accounting, procurement, concierge, real estate). Technology infrastructure is standardized across sites — Cisco Meraki Wi-Fi, Creatio CRM, 1C and M.E.Doc for finance, Poster for F&B — and there is no disclosed proprietary AI/ML capability.

The go-to-market combines self-serve online booking, a direct B2B sales team, phone sales, a real-estate broker channel (5% commission), and landlord partnership deals for new-build supply. Customers span Ukrainian and international enterprises across fintech, government, technology, ridesharing, retail, education, healthcare, and nonprofit sectors (named logos include Monobank, Diia City, Lyft, Fiverr, iENSO, World Vision, Comfy, EnglishDom, Veramed). Revenue is generated primarily through recurring monthly workspace subscriptions, with secondary contributions from usage-based meeting/event rentals, virtual memberships, business services, and merchandise. The company has not publicly disclosed revenue, funding rounds, or institutional investors, and operates without any disclosed parent company or M&A activity.

Name

Creative States (KSh)

Legal name

Товариство з обмеженою відповідальністю «КРЕАТИВНА КРАЇНА»

Website

https://creativestates.net

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Creative States is a privately held Ukrainian operator of premium flexible workspaces, running six themed locations across Kyiv and Dnipro with 20,000+ m², 3,000+ workstations, and 1,500+ active residents across SMB, enterprise, and international tenants.

Ownership category

akta.pro rank

Product category

Flexible Workspace & Coworking

NAICS

Facilities Support Services (561210), Office Administrative Services (5611)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

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

akta.pro secondary industry

Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison) (IMAIALAK)

Keywords

• Flexible office space
• Coworking services
• Meeting room rentals
• Event venue rental
• Virtual office services

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Workspace Rentals: Monthly subscriptions for private offices, fixed desks, hot desks, and flex offices. Recurring revenue model with flexible monthly terms, no long-term commitments required.
2. Day Passes and Short-term Access: One-day passes and 10/30 visit packages for hot desk access without long-term commitment.
3. Meeting Room and Event Space Rentals: Hourly rental of meeting rooms, event halls, lecture halls, lounges, and event spaces. Additional services include catering, technical support, and streaming.
4. Virtual Residency: Digital membership providing access to all locations without physical office rental. Includes legal address services for company registration.
5. Branded Merchandise: Sale of branded merchandise including mugs ($15), water bottles ($15), and shopping bags ($10) through CS Store.
6. Business Services: Additional services including HR & recruitment, financial and legal support, procurement, wellness programs, concierge services, and real estate services.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Creative States operates a network of premium flexible business spaces across Ukraine, offering tiered workspace products (day passes, hot desks, fixed desks, flex offices, private offices, business studios, business suites, and executive suites) complemented by bookable meeting rooms, event venues, virtual digital membership, legal address registration, in-house chef kitchen service, and community programming (CS Clubs). Locations in Kyiv and Dnipro span over 20,000 m² with capacity for more than 3,000 workstations, serving individuals, startups, SMBs, and enterprise clients with all-inclusive operational services.

Product overview

Creative States is a Ukrainian network of premium flexible business spaces operating six locations in Kyiv and Dnipro: CS Senator (1930s New York/Gatsby theme), CS Gulliver (1980s Los Angeles/Rock of Ages theme), CS Dnipro (New England style), CS Arsenal, CS Arsenal-2, and CS Arsenal-3 (all on the revitalized Arsenal factory A-Station site). The portfolio offers a tiered workspace hierarchy: from day passes and hot-desk memberships (Flexible Workspace), through fixed desks and flex offices, to private offices, business suites, business studios, and executive/premium offices for larger teams. These are complemented by bookable meeting rooms and event spaces (lounge, event hall, lektorium, terrace, kitchen) for hosting up to 200 guests. On-site amenities include CS Kitchen (in-house chef service), CS Clubs (interest-based community clubs and Happy Hours), and a range of business services (HR, legal, accounting, procurement, concierge). Residents access services through a mobile app (powered by Spacebring) and digital membership platform, with legal address registration available as an add-on. The network collectively spans over 20,000 m² with capacity for more than 3,000 workstations and serves over 1,500 residents.

Differentiator

Problem solved

Functional benefit

Brands

• CS Senator: Location in Senator Business Center, 14th floor, Pechersk district, Kyiv. Styled as New York 1930s with Great Gatsby atmosphere.
• CS Gulliver
• CS Dnipro
• CS Arsenal
• CS Arsenal-2
• CS Arsenal-3
• CS Kitchen
• CS Clubs

Products and services

• Private Office Rental Fully equipped private office spaces for teams of any size, customizable with corporate branding and decor, with the possibility of expansion; available on flexible monthly terms from $280/month.
• Hot Desk / Open Space Workspace Flexible workstations in open-space areas, available as unfixed (hot desk) passes or as monthly packages (10 or 30 visits) with access to all Creative States infrastructure; from $25/day or $120/month for 10 visits.
• Fixed Desk Dedicated personal desk in a shared office with full infrastructure access; from $250/month.
• Flex Office One paid workspace seat with two access cards, allowing team members to flex their schedule and work at different times; from $300/month.
• Business Studio Private office with a separate entrance and its own coffee point, providing additional privacy and autonomy compared to standard private offices; from $550/month.
• Business Suite Spacious private office with its own kitchen and coffee point for maximum team productivity and comfort; from $600/month.
• Premium Office / Executive Suite Premium private office for clients who value comfort, status, and efficiency, with enhanced amenities at the highest tier; from $1,500–$3,000/month at Arsenal locations.
• Meeting Rooms Bookable meeting rooms for meetings and presentations, equipped with 49-inch displays, conference cameras, whiteboards, and climate control; from $10–$80/hour depending on location and room size.
• Event Spaces Event halls, lecture halls, lounges, and terraces for presentations, lectures, corporate events, and large gatherings of up to 200 guests; with catering, technical support, and streaming available as add-ons. From $150–$300/hour.
• Virtual Membership / Digital Membership Digital membership providing access to all Creative States locations without physical office rental; users top up a balance and use access, meeting rooms, and common areas as needed; from $15/month.
• Legal Address Service Official business registration address service allowing companies to register without renting physical office space, with online handling of all correspondence.
• Business & Lifestyle Services Additional professional services including HR & Recruitment, Financial & Legal Support, Procurement & Supply, Holistic Development, Concierge Service, and Real Estate & Auto.
• CS Kitchen In-house kitchen at each location with professional chefs preparing made-to-order meals including breakfasts, main courses, and vegan menus, enabling residents to dine without leaving the workspace.
• CS Clubs Weekly interest-based clubs and resident meetups in Happy Hours format, covering topics from culinary masterclasses and film nights to tech discussions, fostering community and networking among residents.
• Creative States Branded Merchandise Sale of branded merchandise including mugs ($15), water bottles ($15), and shopping bags ($10) through the CS Store; CS Arsenal-3 also hosts a pop-up marketplace for Ukrainian brands.

Quantifiable outcome

• 500+ most notable coworking spaces globally recognized (among 250 globally)
• +2 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• SpacebringcoreTechnology or IntegrationTechnology partner providing workspace management platform. Spacebring Sp. z o.o. serves as data controller for web and mobile applications, powering booking systems, visitor management, and resident communications.
• Real Estate Agents & BrokerscoreChannel Partner/ Reseller/ DistributorChannel partnership program for commercial real estate agents and brokers. Commission structure: 5% of monthly resident payment, one-time payment upfront for 1 month. Targets companies seeking flexible office solutions.
• Property Owners & LandlordscoreStrategic or Co-development PartnerDirect lease agreements with commercial property owners and developers. Creative States transforms spaces into premium flexible offices, managing all operations and tenant relationships. Allows property owners to attract businesses of various sizes without management burden.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Chasopys Creative Space: Long-running Ukrainian coworking and event space operator in Kyiv with multiple themed locations; directly comparable to Creative States on geography, customer base, and product mix (private offices, event venues, community programming).
• Industrious: Premium flexible office provider focused on enterprise clients with design-led interiors and all-inclusive service; comparable on premium positioning, enterprise GTM, and tiered office offerings.
• Impact Hub Kyiv: Kyiv-based member of the global Impact Hub network offering coworking, incubation, and event programming; competes for the same startups, NGOs, and impact-oriented enterprise tenants in the Ukrainian capital.
• Platforma Coworking: Ukrainian flexible workspace operator with locations in Kyiv and other Ukrainian cities offering private offices, hot desks, and meeting rooms to enterprise and SMB clients.
• Mindspace: European premium flexible workspace operator with locations across Western and Central Europe; directly comparable in design-led positioning, tiered membership, and enterprise sales motion.
• HUB 4.0: Ukrainian chain of coworking spaces operating in multiple cities; directly competes with Creative States on flexible office and event space, with a comparable subscription + usage-based model.

Regional players

• Workki: Central and Eastern European coworking operator (with presence in CEE markets adjacent to Ukraine); relevant regional peer for benchmarking coworking economics and customer mix in the CEE corridor.

Broad incumbents

• WeWork: Global premium coworking brand and the category benchmark for themed design, community programming, and enterprise sales; provides a public comparable for the premium tier that Creative States targets in Kyiv.
• Knotel (Newmark): Flex office operator (acquired by Newmark) focused on enterprise-grade bespoke office solutions; a comparable for the higher end of Creative States' private office and business suite offerings, especially for enterprise tenants.
• Regus / IWG: Global flexible workspace incumbent operating Regus, Spaces, HQ, and Signature brands; the closest large-scale benchmark for unit economics, multi-tier pricing, and enterprise sales motion, though it does not specialize in the Ukrainian market to the same depth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/CreativeStatesUA
• YouTubeyoutube.com/@creativestates
• Instagraminstagram.com/creative_states_ua
• TikToktiktok.com/@creative_states_ua

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Creative States (KSh)