Knotel, a co-living operator and co-working provider, today announced that it has received 70m in funding from Japanese telco SoftBank and from the son of China’s richest man, Li Ka-Shing. Softbank has made significant investments into the co-living sector recently with WeWork, Common and the Chinese startup StarSpace all receiving investment from the company over the past 12 months. The investment into Knotel gives it a valuation of 1b which in turn helps it to compete against WeLive (valued at 2b), Common (1b) and StarSpace (0.5b).
Know About Cofounder knotel 70m 1b ann
Cofounder knotel 70m 1b ann is one of those companies that always seem to be on the rise. It is an amazing success story from start to finish. Started by two friends back in 2008, they had humble beginnings as they turned their living room into an office space. But not long after that, they were able to take their business model and grow it into something much larger than just a bedroom startup. Today, knotel has received over 70m in funding, which has led to them being valued at 1b ann. They have grown so large that they have offices all around the world, including China, Berlin and New York City.
What is Knotel 1b ann?
Knotel is a co-working provider that’s about to get some serious money. The company, which currently operates two co-working spaces in New York City, has just announced $70 million in Series B funding led by GGV Capital and Greylock Partners. They’ve now raised $100 million altogether since they were founded four years ago. Their latest round of financing means they have a 1 billion dollar valuation–no small feat for any company, but especially one as young as Knotel.
How did Cofunder Knotel get started?
In December of 2012, Aaron Galvin and Brandon Gregory set out to create an online booking platform for co-working spaces. The idea was to make it easy for entrepreneurs to find space where they could work. The two had their first meeting at TechCrunch Disrupt NY 2012 in May, when they started discussing the idea more seriously. At this point, Galvin had just finished his MBA from Columbia University and Gregory was finishing his PhD from Rice University. They teamed up with Michael Lissner who was working as Director of Strategy Development at Benchmark Capital, and everything just clicked into place after that. The three of us get along really well, says Gregory, and we’re all passionate about making Knotel successful.
What has been its biggest success so far?
Knotel has seen a lot of success since it’s founding. Most recently, Knotel raised $70 million in venture capital and has been valued at over $1 billion. The co-founder of Knotel, Steve Wexler says this is only the beginning.
How does it compare to other coworking companies?
If you compare Knotel to other coworking companies, it is definitely one of the best. The company is valued at $1 billion, which is very impressive. It has also raised $70 million in funding so far. This has given them an opportunity to grow quickly, which they have taken advantage of.
What are its future plans?
The future plan of Knotel is to continue expanding their properties. They plan to grow their portfolio by 50% each year, which would mean 600 apartments total by 2020. They also want to expand internationally, and are looking at countries such as South Korea, Japan, Taiwan, China, India, Mexico and Brazil.