Its investors included Wafra Partners, a subsidiary of a Kuwait sovereign wealth fund, Norwest Venture Partners and commercial brokerage Newmark Knight Frank. In its short three years, Knotel has grown faster than any other operator, including WeWork. NEW YORK (BLOOMBERG) - Knotel Inc, which pitches itself as a steadier investment than much larger competitor WeWork, raised US$400 million (S$553.6 million) at a valuation that catapults … Knotel seems to be exiting the coworking business and focusing solely on enterprise clients. WeWork Vs Knotel After attracting and securing an investment of 400 million US dollars from the Kuwait social security funds by the end of 2019, it makes Knotel a main competitor of WeWork. Knotel, for example, makes clever use of modular furniture and other pieces, allowing them to quickly and easily design a custom office space that also leaves room for a company’s evolving needs. WeWork’s lease at 419 Park Avenue South puts it in the same building as flexible workspace provider Knotel… For those renting coworking desk space, WeWork provides amenities like high-speed wifi, kitchenette and conference room access, common areas, front desk reception, package handling, and more. Two of the most successful businesses currently dominating this space are WeWork and Knotel. “Business as usual is over,” Amol Sarva, Knotel’s CEO and co-founder, said in a statement. Some of the characteristics that WeWork and Knotel do have in common include offering the following: What is the difference between Knotel and WeWork? A fundraising … Amol Sarva, co-founder and chief executive officer of Knotel Inc.. Knotel, a rival to WeWork that leases office space to larger companies, has laid off 30% of its workforce and furloughed another 20%, becoming the latest venture capital-backed real estate firm to bow to the impact of coronavirus. Customized commercial real estate tailored to a business’s particular brand or needs, Locations in 100+ cities around the globe, What is the difference between Knotel and WeWork? Also a “flexible workspace provider,” Knotel has reversed the WeWork model and […] Workspace provider Knotel secures $400M, putting it in WeWork’s rear-view mirror. Amol Sarva has parlayed real estate’s flexible office revolution into a $1 billion company in a little over three years. One key difference between the startup and WeWork is that Knotel only counts large companies such as Starbucks Corp., Microsoft Corp., Oracle Corp., AT&T Inc. and BP Plc as clients. So far, Knotel has done this in New York (100 buildings against WeWork’s 60). As a thriving workspace provider that offers office space in NYC and other major global cities, Knotel has also distinguished itself by focusing on serving big-company clients like Starbucks, Microsoft, and AT&T. In terms of floorspace, Knotel still has some work to do to catch WeWork. Each of these workspace providers is busily snapping up office buildings around the world. Although we’ve spent the better part of it working from home, I am optimistic that the future is bright... Read More, Unexpected natural disasters, system-wide technical and infrastructure failures, and terrorist attacks are a few of the tragedies that can affect entire communities (even entire countries)—not just emotionally, but economically. As you enter the lobby and head towards the reception desk, you will walk past a DJ booth and a skate ramp. Knotel, a rival to WeWork that leases office space to larger companies, has laid off 30% of its workforce and furloughed another 20%, becoming the latest venture capital-backed real estate … In terms of floorspace, Knotel still has some work to do to catch WeWork. 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