Participated · Series B · Apr 2018

Knotel leases buildings, takes a small office for its staff, and outfits spaces with modular furniture so companies can move in and operate private, fully furnished workspaces. Unlike traditional coworking operators, Knotel focuses on enterprise clients rather than shared freelancer spaces. The company has internal tech products — Baya, a blockchain platform for data-driven acquisition decisions, and Geometry, a subscription furnishing service — intended to reduce costs and accelerate growth. Knotel now manages more than 4 million square feet across over 200 locations in cities including New York, San Francisco, London, Los Angeles, Washington, D.C., Paris, Berlin, Toronto, Boston, São Paulo and Rio de Janeiro; its London footprint stands at 263,000 square feet across 63 locations. The company plans to expand into the world’s 30 largest cities, add roughly a dozen more cities, and deepen engagement with global enterprise accounts to grow with capital efficiency. In less than four years it has raised a total of $560 million, is valued at more than $1 billion, and will use the new financing to grow its footprint and continue rapid global expansion. Knotel designs and manages agile office space for established and growing companies. Founded in 2016 by Amol Sarva, the company is NYC-based and operates nearly 100 locations in New York, San Francisco, London and Berlin. Its member network includes companies such as Starbucks, Netflix and Daimler. Knotel targets mid-market and enterprise customers. The company intends to use new funding to deepen coverage in current core and new markets among those segments. As of the reported round, total funding to date was $160M. Knotel designs and runs bespoke flexible office locations as an alternative to long-term leases and traditional coworking, offering customization in look, feel, and operations. The company focuses on providing agility for established and growing brands, allowing clients to evolve their footprints without sacrificing customization. In two years it opened forty locations across New York, San Francisco, and London, totaling nearly 1 million square feet. Today over 200 companies call Knotel home, including Starbucks, Stash, and King. Knotel plans to use new funding to more than double in size and deepen coverage in core and new markets among mid-market and enterprise businesses. The company was founded in 2016. Knotel, founded in 2015, provides a "headquarters as a service" product that lets companies customize office space while growing or shrinking as needed. The company emphasizes it is distinct from coworking, positioning its spaces as company-specific, culture-coded environments. Knotel operates a managed marketplace that connects tenants and property owners rather than buying large amounts of real estate itself. It currently runs 10 locations in New York City and raised $25M in a Series A to fund expansion. The company plans to add 40 locations over the next year, with New York as its immediate focus, and targets startups as well as media, television, finance and other non-tech tenants. Knotel says its model shares earnings with property owners—giving owners most of the earnings while Knotel retains a margin—to keep both parties viable in down markets.