Knotel

Provider of office space designed to enhance work style through space

    Description

    Provider of office space designed to enhance work style through space. The company's office space are tailored with headquarters at flexible pricing structure and without risks of a long-term lease, enabling startups companies to cut costs and focus on their businesses.

    Company Status

    The company raised $70 million of Series B venture funding in a deal led by Newmark Knight Frank and The Sapir Organization on April 10, 2018, putting the company's pre-money valuation at $430 million. Wolfson Group, Moinian Group and Wainbridge also participated in the round. The funds will be used to more than double in size this year and deepen the company's coverage in core and new markets among mid-market and enterprise businesses.

    Service Providers
    General Services
    NameType
    Fenwick & WestLegal Advisor
    Services on a Deal
    NameType
    Fenwick & WestLegal Advisor
    General Information
    • All Industries
      Buildings and Property*, Office Services (B2B), Other Commercial Services
    • Company Financing Status
      Venture Capital-Backed
    • Total Raised
      $95.00M
    • Business Status
      Generating Revenue
    • Ownership Status
      Privately Held (backing)
    • Universe
      Venture Capital
    • Website
    • Year Founded
      2016
    Employees
    • Employees
      150
    • Employee History
    Acquirers
    First Financing
    • First Financing Date
      February 22, 2017
    • First Financing Size
      $25.00M
    • First Financing Size Status
      Actual
    • First Financing Valuation
      $133.50M
    • First Financing Valuation Status
      Actual
    • First Financing Deal Type
      Early Stage VC
    • First Financing Deal Type 2
      Series A
    • First Financing Deal Class
      Venture Capital
    • First Financing Debt Type
      Other
    • First Financing Status
      Completed
    Last Financing
    • Last Financing Date
      April 10, 2018
    • Last Financing Size
      $70.00M
    • Last Financing Size Status
      Actual
    • Last Financing Valuation
      $500.00M
    • Last Financing Valuation Status
      Actual
    • Last Financing Deal Type
      Early Stage VC
    • Last Financing Deal Type 2
      Series B
    • Last Financing Deal Class
      Venture Capital
    • Last Financing Status
      Completed
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