TechHub NYC launch brings US expansion opportunities to Swansea tech firms

TechHub, which is a global network of co-working spaces and start-up communities, has expanded to New York City bringing new opportunities to members in Swansea.

Supporting 750 start-ups across Europe and India, TechHub is aimed at accelerating the growth of its member companies by providing them with a strong community focus and tailored programming.

The organisation helps start-ups engage customers, investors and talent. Previous Tech companies have been acquired by the likes of Google, Facebook, Microsoft, Oracle and Twitter.

And they’ve raised more than $1 billion in venture capital funding to date. The organisation runs a centre in Swansea, which has become an integral part of the Welsh technology industry.

Wales has the fastest growing digital economy outside of London, and TechHub companies based in Swansea will benefit from new contacts and opportunities in New York.

TechHub NYC is located on 158 W 27th St in the Chelsea area of Manhattan, and it gives both US and international tech founders easy, fast, tailored access to the things they need to scale their companies.

Elizabeth Varley, founder and global CEO of TechHub, said: “We believe New York City is one of the most exciting tech markets in the world right now.

“TechHub wants to contribute to that growth and provide strong opportunities for tech startups from around the world to access the US via this thriving city. ”

Tim Morgan, a director at TechHub Swansea, said: “We anticipate our Swansea members taking full advantage of our expansion into New York.

“Alongside the City Deal, this US connection is yet more evidence that Swansea is becoming a local technology cluster with serious global clout.”

Paul Harwood, co-founder of TechHub Swansea, said: “The US market is such a massive deal to tech firms globally. Our tech entrepreneurs in Swansea can now realistically come up with a business idea that can be rolled out a week later in New York.”

Revolut, a global banking alternative allowing users to deal in multiple currencies in real-time, has become one of the first members of TechHub NYC. The organisation will take on more members over the coming months.

“TechHub provides fast-growing companies with flexibility when it comes to landing in a new location and supports establishing a vital local network,” said Revolut manager of international expansion Dan Westgarth. “TechHub can really help us hit the ground running in a new city from day one.”