Kr Space is a Beijing-based benchmark co-working space company led by President David Zhong that provides flexible workspace, rent reduction, networking opportunities and value-added services for startups and small-to-medium businesses in premium CBD office buildings. The company positions itself to enable rent cuts and workspace flexibility while operating sites in core business districts. It has recently expanded rapidly, taking up nearly 120,000 sqm of office space in China’s first-tier cities over the past three months and securing 14 sites in core areas including Beijing Financial Street, Beijing Wangfujing and Shanghai Lujiazui – Century Link Tower. Kr Space raised 600M CNY in a Series-plus-A round and plans to use the funds to accelerate portfolio expansion with a commitment to reach 300,000 sqm by the end of 2018. The company began running independently from media firm 36Kr in January 2016 and has completed earlier financings, including a Series A funded by Colony New Yangtze Fund, Fenglun, Unity Ventures and Gobi Partners and a 200M CNY Series-plus-A co-led by IDG Capital and Prometheus Capital. KR Space is a co-working space spinoff of technology media and entrepreneur services company 36Kr. The company is presented in the article in the context of China. Prometheus Capital and IDG Capital Partners have invested a combined RMB200 million (about $30 million) in KR Space. The article reports this capital infusion but does not specify the financing instrument or valuation. No operating metrics, use of proceeds, or future plans were disclosed in the piece. The coverage identifies the investors and the amount as the primary financial details available.

Total raised

$124M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2018