# The Great Room Offices

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-great-room-offices

- Industry: Commercial Property
- Headquarters: Singapore, Singapore
- Website: www.thegreatroomoffices.com
- Total disclosed funding: $4.1M
- Latest round: Series A (Sep 19, 2017)
- Investors on record: 3

## About

The Great Room Offices is a provider of premium flexible workspace solutions, catering to businesses by offering stylish, fully-equipped office environments that foster productivity and collaboration.Founded in 2016 and headquartered in Singapore, The Great Room Offices specializes in delivering premium flexible workspace solutions. The company's founders, Jaelle Ang and Su Mi, have a background in creating inspiring office environments. In May 2022, The Great Room Offices was acquired by Industrious National Management Company LLC, enabling further expansion into Asia and Europe. The firm has successfully completed 2 deals, with the most recent funding being a Series A round raising USD 4.070 mn, led by C31 Ventures, contributing to a total amount raised of USD 4.070 mn and a current valuation of USD 15.910 mn.The Great Room Offices offers premium flexible workspace solutions designed for modern businesses. Their services include beautifully designed office spaces, meeting rooms, and event spaces that promote collaboration and innovation. The Great Room caters to a diverse clientele, providing tailored workspace solutions that meet the unique needs of startups, SMEs, and large enterprises. Their facilities are strategically located in key business districts, making them accessible to professionals seeking a dynamic work environment.In the most recent fiscal year of 2022, The Great Room Offices generated revenue of USD 4.55 mn, with an EBITDA of USD 9.23 mn. The revenue model incorporates membership fees and additional services, ensuring a sustainable financial framework as it continues to grow within the flexible workspace market.The Great Room Offices plans to enhance its service offerings with new products designed to cater to the evolving needs of businesses. The firm is strategically targeting expansion into new markets, particularly in Europe and other parts of Asia, to capitalize on the growing demand for flexible workspaces. The recent funding raised in May 2022 will be utilized to support these expansion efforts and enhance their workspace offerings, thereby positioning the company for future growth in an increasingly competitive market.

## Funding rounds

- Series A, Sep 19, 2017, $4.1M — iGlobe Partners, C31 Ventures, Goldbell Group

## Investors

- iGlobe Partners (https://capitalatlas.ai/funds/iglobe-partners) — Series A
- C31 Ventures (https://capitalatlas.ai/funds/c31-ventures) — Series A
- Goldbell Group — Series A