We are delighted to have supported flexible office space provider, Canvas, with £2.5 million in growth funding to accelerate growth and expand its property portfolio in strategic locations across London.

Established in 2018 by founding partners, Yaron and Oren Rosenblum, Canvas focuses on sourcing and reviving buildings to create environments where people love to work. Headquartered in Shoreditch, they source and repurpose vacant or underperforming, self-contained buildings spanning 5,000 – 25,000 SQFT.

To date, Canvas has sourced, refurbished, and launched 11 office buildings across London in prime locations, including Mayfair, Shoreditch, Farringdon, and Old Street.

The funding will be used to finance the company’s plans to launch 11 additional buildings and triple the business in size within the next 18 months. Underpinned by a team of 20 industry experts, Canvas buildings are home to 70+ businesses, including influential brands like Rough Trade, Patchwork, Malin+Goetz, and Augustinus Bader.

I was impressed by Canvas’ proven ability to stabilise the business and drive scalable growth during the economically challenging COVID-19 period. While, this is the first round of investment ThinCats has delivered to Canvas, we’re keen to support Yaron and Oren as they are already focused on securing equity investment to drive international growth within the next two years

Stuart Thompson, Head of Transitional Capital, ThinCats

Chris Roberts, Advisor & Founder, CRA, said: “It's refreshing to work with enthusiastic people, such as owners Oren & Ron Rosenblum, CFO Jasmer Singh and the wider Canvas team, who epitomise the ethos of this growing and ambitious company. I wish them every success on their journey.

It has been a pleasure to work with an entrepreneurial lender such as ThinCats. Stuart Thompson, Stephen Gater and the wider internal team went the extra mile to work up a structure that is equitable and works for the borrower. Exactly how cashflow lending should be done in the lower-mid market.”