# Knotel

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

- Industry: Commercial Property
- Headquarters: New York, US
- Website: www.knotel.com/
- Total disclosed funding: $529M
- Latest round: Series C (Sep 4, 2019)
- Investors on record: 21

## About

Founded in 2015 in New York, US, Knotel, Inc. specializes in flexible workspace solutions. In January 2021, Knotel, Inc. filed for Chapter 11 bankruptcy protection. As part of restructuring, Newmark Knight Frank acquired the company for USD 70 million.

Knotel specializes in providing flexible workspace solutions that cater to the evolving needs of modern businesses. Their core offerings include customizable office spaces designed to enhance productivity and employee satisfaction, often referred to as "Flexible Workscapes." Knotel's services extend to amenity and hospitality design, workplace services, and event programming, aimed at creating environments that foster collaboration and innovation. The company primarily serves corporate clients, ranging from startups to established enterprises, across international markets such as Amsterdam, Austin, Berlin, Dublin, London, Miami, and Paris. By offering tailored office solutions, Knotel addresses the challenges of traditional office setups, including the need for scalability and adaptability in various industries.

Knotel generates revenue through its flexible workspace solutions, leveraging a B2B transaction structure that primarily involves long-term contracts with corporate clients. The company typically engages in partnerships that involve subscription models, where businesses pay for the use of office space and related services on a monthly or annual basis. These agreements often include additional services, such as membership access to work clubs and event programming, which are integral to the company's value proposition. While specific pricing details are proprietary, Knotel’s revenue model is designed to accommodate diverse client needs, providing a comprehensive solution that integrates workspace flexibility with hospitality elements.

## Funding rounds

- Series C, Sep 4, 2019, $400M — Norwest Venture Partners, Itochu, Wafra, Rocket Internet SE, RTP Global, Global Founders Capital, Bloomberg Beta, Mercuria Investment, Mori Trust, Newmark Knight Frank, The Sapir Organization
- Series B, Oct 23, 2018, $50M — Norwest Venture Partners, Bloomberg Beta, Newmark Knight Frank
- Series B, Apr 6, 2018, $61M — Wolfson Group, blisce/, Reshape Holdings, Newmark Knight Frank, The Sapir Organization, The Moinian Group, Wainbridge Capital, Counterpart Advisors, Daintree.VC
- Series A, Jan 13, 2017, $18M — Raiffeisen Invest Private Equity, 500 Global, Rocket Internet SE, Bloomberg Beta, Observer Capital

## Investors

- Raiffeisen Invest Private Equity (https://capitalatlas.ai/funds/raiffeisen-invest-private-equity) — Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Series A, Series C
- Bloomberg Beta (https://capitalatlas.ai/funds/bloomberg-beta) — Series A, Series B, Series C
- Observer Capital (https://capitalatlas.ai/funds/observer-capital) — Series A
- Wolfson Group — Series B
- blisce/ (https://capitalatlas.ai/funds/blisce) — Series B
- Reshape Holdings (https://capitalatlas.ai/funds/reshape-holdings) — Series B
- Newmark Knight Frank — Series B, Series C
- The Sapir Organization — Series B, Series C
- The Moinian Group — Series B
- Wainbridge Capital — Series B
- Counterpart Advisors — Series B
- Daintree.VC (https://capitalatlas.ai/funds/daintree-vc) — Series B
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series B, Series C
- Itochu — Series C
- Wafra (https://capitalatlas.ai/funds/wafra) — Series C
- RTP Global (https://capitalatlas.ai/funds/rtp-global) — Series C
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series C
- Mercuria Investment (https://capitalatlas.ai/funds/mercuria-investment) — Series C
- Mori Trust — Series C