# GoWork

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gowork

- Industry: Commercial Property
- Headquarters: Jakarta, Indonesia
- Website: www.go-work.com
- Total disclosed funding: $21M
- Latest round: Series B (Dec 9, 2021)
- Investors on record: 22

## About

GoWork provides innovative flexible workspace solutions in Indonesia, catering to freelancers, startups, and established enterprises through private offices, coworking spaces, and virtual office services.Founded in 2017, GoWork operates in the flexible workspace sector, primarily in Jakarta, Indonesia. The company has not undergone significant pivots or changes in strategy. It was co-founded by Peony Tang and Vanessa Hendriadi, with David Nieto-Sandoval serving as CEO. GoWork has successfully raised a total of USD 18.97 mn, primarily through its Series B funding round in December 2021, which included investments from numerous venture capital firms such as 500 Global, Azure Investment Partners, and others.GoWork is a leading provider of flexible workspace solutions in Indonesia, offering private offices, coworking spaces, virtual office solutions, and meeting rooms. These services are tailored to enhance productivity and support collaboration among various clients, including freelancers, startups, and mature businesses. GoWork operates across more than 25 locations in major cities such as Jakarta, Bali, Surabaya, Medan, and Tangerang.GoWork's revenue model is based on subscription plans and direct rentals for flexible workspace solutions. Clients can book spaces on either short-term or long-term contracts, facilitating a consistent revenue stream. The pricing structure accommodates diverse client needs with options for daily office rentals, monthly memberships for dedicated desks, and virtual office plans, allowing for a broad range of transactions from individual bookings to enterprise partnerships.Following its Series B funding round on December 9, 2021, where GoWork secured USD 18.97 mn, the company plans to invest in expanding its service offerings and enhancing its current locations. The funding will support new product developments and explore entry into additional markets. Specific timelines and markets have yet to be disclosed, but GoWork aims to strengthen its presence in the Indonesian market while considering new geographic opportunities.

## Funding rounds

- Series B, Dec 9, 2021, $19M — Gobi Partners, Batavia Investment Management, SBI Investment Korea, 500 Global, Global Brain, Mahanusa Capital, Convergence Ventures, Kakao Investment, Lazena Investment, IndoGen Capital, Azure Investment Partners, Net Ventures, Nexus Solutions
- Series A, Mar 13, 2018, $1.2M — Goldis Berhad, Social Capital, Convergence Ventures, Cyzone Angel Fund, Discovery Nusantara Capital, Aspire VC, Benson Capital Partners, Prasetia Dwidharma, PINE Technology Holdings Limited
- Seed, Mar 13, 2017, $1M — Alto Partners, 500 Global, Convergence Ventures, IndoGen Capital, Benson Capital Partners

## Investors

- Alto Partners (https://capitalatlas.ai/funds/alto-partners) — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series B
- Convergence Ventures — Seed, Series A, Series B
- IndoGen Capital (https://capitalatlas.ai/funds/indogen-capital) — Seed, Series B
- Benson Capital Partners (https://capitalatlas.ai/funds/benson-capital-partners) — Seed, Series A
- Goldis Berhad — Series A
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Series A
- Cyzone Angel Fund (https://capitalatlas.ai/funds/cyzone-angel-fund) — Series A
- Discovery Nusantara Capital (https://capitalatlas.ai/funds/discovery-nusantara-capital) — Series A
- Aspire VC — Series A
- Prasetia Dwidharma (https://capitalatlas.ai/funds/prasetia-dwidharma) — Series A
- PINE Technology Holdings Limited — Series A
- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Series B
- Batavia Investment Management (https://capitalatlas.ai/funds/batavia-investment-management) — Series B
- SBI Investment Korea (https://capitalatlas.ai/funds/sbi-investment-korea) — Series B
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series B
- Mahanusa Capital (https://capitalatlas.ai/funds/mahanusa-capital) — Series B
- Kakao Investment (https://capitalatlas.ai/funds/kakao-investment) — Series B
- Lazena Investment — Series B
- Azure Investment Partners (https://capitalatlas.ai/funds/azure-investment-partners) — Series B
- Net Ventures (https://capitalatlas.ai/funds/net-ventures) — Series B
- Nexus Solutions — Series B