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Knotel – Cyndx Finder Analysis

Knotel – Cyndx Finder Analysis

Knotel, a flexible office space operator founded in New York in 2015, has recently raised corporate round of $60 million led by Norwest Venture Partners. With this new injection of capital, the total funding for Knotel rockets to $ 160M. Knotel designs and builds custom agile workspaces for established and growing companies. Moreover, Knotel operates nearly 100 locations across 4 cities and uses its proprietary Agile HQ™ Platform to help power its operations.

The company plans to use the additional funding to fuel expansion in both existing core and new markets, targeting both mid-market as well as enterprise businesses. Knotel previously raised a $25 million Series A round in 2017 in which investors such as Rocket Internet and 500 Startups participated.

More than 200 companies including large corporations such as Omnicom, Netflix, and Daimler currently use Knotel space.

 

Some Cyndx Finder Comparables:

These comparable companies have been generated using Cyndx Finder, a tool for Private Equity firms, Venture Capital Firms, and Investment Banks to analyze the entire Private Company universe and identify the most relevant and appropriate opportunities for acquisitions or market analysis.

WeWork

WeWork Cos., Inc. provides shared office spaces and networking services. It offers shared office space for a monthly fee that includes internet, phone service, mail handling and other amenities. The company was founded by Adam Neumann, Jesse Middleton, Matthew Shampine, Rebekah Neumann, Scott Heiferman and Miguel McKelvey in 2010 and is headquartered in New York, NY.

 

Workbar

Workbar is a shared office space designed around the needs of today’s coworking community, from the homegrown professional to the entrepreneur. They provide month-to-month memberships and offer conference rooms, printing, faxing, scanning, and unlimited cups of fresh coffee.

Other Sources:

Sources used to verify and support the funding history and company statistics:

  1. Axios
  2. Globest

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