Pour one out: Loosecubes is done. The company, which allowed freelancers and floaters to rent desks and offices, is closing up shop on Friday. After the end of the week, all reservations are cancelled and you’ll no longer be able to log in to the website.
According to the announcement on the site from founder Campbell McKellar and her team:
The past two and a half years have been such an incredible journey. From a team of two to an incredible company of 16. From a big idea to a community of 25,000+ Loosecubers in over 60 countries around the world. And from a single coworking space to thousands of hosts, from Stockholm to San Diego, who have opened their work environments and minds to a better way of working.
Private information will be kept private: “Rest assured that we would never share or sell your information without your permission,” adds the post.
When last we heard from Loosecubes, back in June, they’d just raised a $7.8 million Series A led by New Enterprise Associates and Revolution Ventures. But apparently the cash and the 25,000-strong community weren’t enough to keep the company competitive amid a sea of competing coworking spaces. These days, it’s just not that hard to find a spare desk to park while you hack out a minimum viable product.