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Knotel provides flexible, full-service office spaces in major cities worldwide. It leases large blocks of prime commercial space and then designs, builds out, and manages customized workspaces that can be subleased to clients. The product works by offering turnkey, scalable offices with different lease lengths and scalable space options, letting companies adapt quickly as their needs change without the high upfront costs of traditional leases. Knotel differentiates itself by delivering bespoke, ready-to-use environments with ongoing management and support, focused on flexibility, location, and speed for a range of clients from startups to large enterprises. The company’s goal is to help businesses improve productivity and collaboration by providing adaptable workspace solutions that can grow or shrink with their needs.
Industries
Real Estate
Company Size
51-200
Company Stage
Acquired
Total Funding
$555M
Headquarters
New York City, New York
Founded
2015
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Total Funding
$555M
Above
Industry Average
Funded Over
6 Rounds
However, the deal didn’t pan out and neither did Knotel, which filed for bankruptcy and was acquired by Newmark.
“FinTech Alliance is excited to work with Knotel to offer our Investment Series participants a dedicated workspace that encourages collaboration and innovation at the Old Sessions House.
Knotel, a co-working space provider, has raised $70 million in its latest funding round led by Newmark Knight Frank.
Knotel, a provider of flexible workspaces for growing businesses, recently announced the completion of a $70 million Series C-1 funding round led by Quantum Strategic Partners and a $100 million convertible note from SoftBank Group.
NEW YORK — Office workspace provider Knotel has closed a $70 million Series B financing.
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Industries
Real Estate
Company Size
51-200
Company Stage
Acquired
Total Funding
$555M
Headquarters
New York City, New York
Founded
2015
Find jobs on Simplify and start your career today