China Largest Co-Working Space Operator URWORK Now Valued At $1.3b After Raising $45m In Series C Funding - CALIPHATE MEDIA

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Monday, 1 January 2018

China Largest Co-Working Space Operator URWORK Now Valued At $1.3b After Raising $45m In Series C Funding



 
 UrWork, China largest co-working space operator is currently valued at RMB9 billion ($1.3b) after it has successfully raised RMB300 million ($45 million) in a Series C funding round led by Qianhai Wutong Mergers and Acquisition Funds, CKing Home-Key Investment Group and venture capital firm Context Lab also took part in the round.
 
 UrWork, a Beijing-based co-working space operator presently operates about 78 co-working spaces in 20 major cities across China, as well as in Hong Kong, Taiwan, Singapore, New York and London.

According to the company, it plans to establish 160 co-working locations in 32 cities globally within three years with the aim of servicing over 8,000 companies with total office space of 700,000 square meters.


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