Briefing

OneEleven pausing global expansion, closing Ottawa office on July 31

Dean Hopkins—CEO of the company, which provides members with office space and growth services—told The Logic that the firm’s London location did not have any members and was being put “on pause.” He said John Stamler, managing director for London, will remain with the company, but community manager Rob McPherson has been let go. OneEleven will instead focus on its Toronto location, which Hopkins said signed up its 50th member company last month. The company is exploring new revenue sources like startup data and information products, and adding facilities like a media production studio for its member companies. (BetaKit, The Logic)

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