Tank Stream Labs courts investors; EY hired

Australia’s table tennis and bean bag sellers may be set for a boost with co-working space provider Tank Stream Labs on the hunt for growth capital to double its capacity.

Street Talk understands the business, which caters mainly to start-ups and counts Airtasker and Expert 360 as alumni, has appointed EY to look at funding options and potential strategic partners.

Tank Stream currently has two sites in Sydney, and another hub in Perth, housing around 200 businesses all together.

But it hopes to double its capacity in 12 months by building a national foot print.

In a blessing for landlords, the co-working sector has seen a range of competitors emerge in recent years, led by global giant WeWork.

Tank Stream boss Bradley Delamare told Street Talk co-working spaces