Third Space

ABOUT

CONTACT

ABOUT US

Third Space Risk is rebuilding insurance as
SHARED GROUND FOR NIGHTLIFE AND HOSPITALITY.

Third Space Risk is rebuilding insurance as
SHARED GROUND FOR NIGHTLIFE AND HOSPITALITY.

Third Space rebuilds the original model with modern infrastructure. Shared data improves pricing. AI reads shift logs and flags what matters. Every operator who joins makes the network smarter, the pricing fairer, and the community harder to ignore.


You're a member, not just a policyholder.

Third Space rebuilds the original model with modern infrastructure. Shared data improves pricing. AI reads shift logs and flags what matters. Every operator who joins makes the network smarter, the pricing fairer, and the community harder to ignore.


You're a member, not just a policyholder.

The Commons Model

Insurance started in taverns. WE'RE REBUILDING THAT TABLE.

Insurance was born as a collective practice. Merchants and captains sitting in coffeehouses, pooling information, sharing risk. It worked because everyone at the table had skin in the game.

300–500%

Premium increases for nightlife

Hours, not months

From upload to quote

~66%

Lawsuit frequency reduction

BUILT BY OPERATORS

We didn't study this industry. WE LIVED IT.

Dhruv Chopra

Co-Founder & CEO

Runs Elsewhere - Brooklyn's iconic live music venue, 150+ employees. Represents thousands of hospitality businesses on insurance through trade associations.

Vinai Rachakonda

Co-Founder & CTO

Senior engineer & tech lead at Ramp. Managing Partner at Dorm Room Fund. U-Penn CIS & Wharton, summa cum laude.

Insurance should enable BOLDNESS, NOT FEAR.

Insurance

should enable BOLDNESS, NOT FEAR.

We're launching with 150 founding venues. Be one of them.

PROUDLY MADE IN BROOKLYN, NYC.

BACKED BY A16Z.

Launching June 2026
Founding member spots are limited

© 2026 Third Space Risk

@thirdspace_risk

MADE BY TONIK