Relevant:
- Knotel Files for Bankruptcy as Pandemic Strains Office Rentals
- WeWork documents reveal it owes $18 billion in rent and is burning through cash as it seeks more funding
- WeWork becomes central London's biggest office occupier
- WeWork Hits $20 Billion Valuation In New Funding Round (BESTING BIG REITs)
- WeWork Has Glut Of NYC Availability
2018-04-10 — therealdeal.com
Knotel closed a $70 million in a Series B funding round on Tuesday, with plans to expand rapidly and muster a serious challenge to industry leader WeWork.
The flexible office space startup led by Amol Sarva has now raised $100 million between two seed rounds, and is valued at $500 million, according to research firm Pitchbook.
Knotel, which in the past two years has leased more than 1.1 million square feet in New York, San Francisco and London, said the new funding will allow the company to double in size.
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