A START-UP company based in the Perth Hills has netted a shark after delivering a successful pitch on Shark Tank this week. .
The guys behind SpacetoCo fronted the panel of self-made millionaires to pitch their plans to expand their business, which lists unique spaces to hire for anything from weddings, to tennis games to business meetings.
Co-founder Jeremy Hurst said it wasn’t an easy task to convince an investor to put in $210,000 for a 14 per cent stake in the company.
“Our shark was none other than the savvy Steve Baxter,” he said.
“Since meeting Steve, there are many new ideas and suggestions that we are implementing into SpacetoCo to make it the number one sharing economy platform for space hire.”
Mr Hurst said the SpacetoCo web platform was a game-changer in the traditional rental market.
“The idea came to me in 2015, my wife and I had just become Airbnb hosts and 10 months earlier we married in our backyard in the Perth Hills,” he said.
“It suddenly occurred to me that if we could be married in our own backyard, maybe others could too.
“We were already sharing accommodation spaces so why not share more?
“From here the idea exploded into a massive range of potential space-sharing ideas from sharing a tennis court through to a commercial kitchen, gymnasium or even a music recording studio.”
Mr Hurst said their Perth business was growing strongly.
“We’re already in WA and SA and we have hit a milestone of 500 spaces and booking growth is improving each month as the word gets out.”