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Knotel raises $400 million in fresh funding round

Knotel’s Founder and CEO Amol Sarva (Credit: Knotel)

Knotel has raised a $400 million funding round at a valuation of more than $1 billion. Investors included Kuwait-backed Wafra, Japan’s Mori Trust, Itochu Corp. and Mercuria Investment, according to Bloomberg who first reported the news. The co-working company has now raised a whopping $560 million.

  • 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. Simply squeezing twice as many people in office space is apparently the next technological revolution. 
  • Notable earlier Real Estate investors include: Newmark, Moinian Group, Wolfson Group, Sapir Organization, and Wainbridge Capital.
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