The co-working company is valued at $500 million
Knotel has acquired Deskeo, the largest office space rental operation in Paris. This comes seven months after Knotel acquired Ahoy!Berlin, a co-working firm in Germany to help expand internationally.
Knotel’s last funding round: The WeWork rival led by Amol Sarva raised a $70 million Series B round at a valuation of $500 million last year.
How they did it: Copy Adam Neumann! With WeWork’s absurd valuation, competitors simply follow Neumann’s strategy. The common flaw is the exposure to a downturn in the office market.