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Peerspace raises $11 million to provide unique event locations

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Carl Fox
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Peerspace, a peer-to-peer online marketplace where people can find and rent locations for anything from a business meeting to a cooking class or a movie set, today announced a funding round of $11 million.

This latest example of a sharing-economy startup gives people access to a broad array of underutilized and under-the-radar spaces.The startup provides its users access to such locations as abandoned train stations, one-of-a-kind photo studios, and secret rooftop terraces via its website and iOS app.

“Behind the scenes, we have built a sophisticated recommendation engine that will serve up spaces that are best suited for each individual user’s needs,” wrote Peerspace founder and CEO Rony Chammas, in an email to VentureBeat.

“For example, if a product team is looking to host an offsite strategy session, we know the best places for teams to innovate together and will match that product team with those ideal locations.”The startup operates in San Francisco, Los Angeles, and New York and recently launched in Seattle, Austin, and Chicago.

Peerspace takes a small commission on each transaction — 15 percent from the person hosting the space and 5 percent from the customer renting it.

The fee includes 24/7 customer support, access to a preferred vendor network for additional services such as catering, and $1,000,000 in insurance liability coverage.Chammas says that roughly 100,000 booking inquiries have already been processed through Peerspace.

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