NY Based Office Space Solution Knotel Raises $400M in Funding, Gains Unicorn Status!

: August 22, 2019

New York Based Office Space Solution Knotel Has Raised A New Funding, Becomes NY's Newest Unicorn!

 

 

 

Knotel, has raised $400M in a new round of funding, led by Wafra Partners, an investment arm of the Sovereign Wealth Fund of Kuwait, with participation from ITOCHU Corporation (a trading conglomerates in Japan), Mori Trust (a leading Japanese real estate developer), and Mercuria Energy Group (a Swiss international commodity trading company active over a wide spectrum of global energy). 

 

With the recent financing Knotel now has raised a total of over $550M in funding. It's other investors include Norwest Venture Partners, Newmark Knight Frank (NKF), Wafra Partners, The Sapir Organization, The Moinian Group etc. Knotel reached its valuation to $1.5B during the latest financing to become the newest unicorn in New York.

 

Knotel is the leading Agile HQ solution, designing and operating bespoke spaces for established and growing companies, giving them the freedom to focus on their business, culture, and people. Unlike traditional co-working players, which provide shared spaces for freelancers and company satellite locations, Knotel focuses on providing private and fully furnished workspaces to large enterprises. The whole idea is to make it very simple: flexible workspaces; cheaper capital expenditures; operational flexibility.

 

Knotel is transforming commercial real estate and moving companies forward, with over 4 million square feet across 200 locations in New York, San Francisco, London, Los Angeles, Washington, D.C., Paris, Berlin, Toronto, Boston, São Paulo and Rio de Janeiro. Its member network includes companies like Omnicom, Cheddar, SeatGeek and HotelTonight.

 

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