Owned wholly by the Canary Wharf Group, Level39 launched in March 2013. It supports fast-growth early-stage and scaling businesses in tech sectors. The 80,000 square foot innovation space in Canary Wharf’s One Canada Square offers to its members access to customers, talent and flexible infrastructure.
The hub is home to 180 pipeline and scaling businesses and operates on a membership model which also includes an Ecosystem Membership – a virtual membership, for overseas entrepreneurs looking to tap into and build their business profile in the UK. The workspace offers a dynamic ecosystem giving scaleups access to mentors, investors and peers, as well as events that encourage collaboration and partnerships.
As a subsidiary of the Canary Wharf Group, it offers flexible space to ambitious and scaleup companies many of whom lease space in the East London business district. Level39 is developing its role in the scaleup ecosystem in response to member needs. This includes investment in new advanced technology for event space, meeting and board rooms as well as enhanced quiet zones and collaboration and wellness space.
Additionally, Level39 works with organisations such as InChorus, London & Partners, Innovate Finance and a pool of mentors, investors and partners to provide support to members in areas such as funding, access to customers, ED&I, international markets and talent. To date, Level39 member companies have raised over £1bn in finance.
In the last 12 months the Canary Wharf Group, in collaboration with Kadans Science Partner, secured planning approval to develop a commercial health and life sciences building at the North Quay site, to support the existing health and life sciences community across Canary Wharf. The 23-storey 823,000 sq ft tower is expected to be completed in 2027 and will be the first of its kind vertical campus, Europe’s largest and most technologically advanced life sciences facility.