Knotel
Knotel is an American workspace company that offers “headquarters as a service,” subleasing private and fully furnished office space to large enterprises.[1][2] Knotel leases space directly from office landlords and completes build-outs (office design, furnishing, wiring and management) on behalf of the companies that will occupy it.[3]
The New York-based company was founded in 2016 by Amol Sarva and Edward Shenderovich. Knotel now subleases over 4 million square feet of space in 224 locations across the world,[4] including London, San Francisco, Paris, Berlin, and Sao Paulo.[5] The lease term through Knotel is typically six months to five years.[6]
As of 2019, Knotel reached unicorn status with a $400 million Series C funding round. The company was valued north of $1.3 billion.[7][8]
| ISIN | 🆔 |
|---|---|
| Industry | Commercial Real Estate |
| Founded 📆 | 2016 |
| Founders 👔 | Amol Sarva, Edward Shenderovich |
| Headquarters 🏙️ | , New York, New York |
Area served 🗺️ | |
| Members | |
Number of employees | 453 |
| 🌐 Website | www.knotel.com |
| 📇 Address | |
| 📞 telephone | |
History[edit]
Tech entrepreneurs Amol Sarva and Edward Shenderovich conceived of Knotel as a workspace model distinct from coworking and traditional office. Rather than targeting startups and freelancers, Knotel focused on acquiring enterprise clients,[9] to deliver a service-oriented approach to office. That has come to entail the office build-out itself (including IT requirements, data security, workplace layout and interior design) and workspace management after move-in.[10] Knotel uses a profit-sharing strategy with landlords.[11]
Knotel raised $25 million in Series A funding in February 2017,[12] followed by five rounds totaling in $560 million raised.[13] Knotel’s most recent financing round, led by Wafra, secured $400 million[14]. Investors have included Newmark Knight Frank, Norwest Venture Partners, the Sapir Organization, Rocket Internet and Bloomberg Beta.[15]
Knotel has acquired flex providers in expansion markets, including Ahoy!Berlin,[16] and Paris-based Deskeo,[17] as well as commercial real estate search engine 42Floors.[18]
In 2019, Knotel launched Geometry, a modular furniture subscription, which rolled out exclusively to Knotel clients.[19] Knotel has also extended into blockchain technology with Knotel Koin, a forthcoming office listing service that will reward users with a Knotel-branded cryptocurrency.[20]
Recognition[edit]
IFMA NYC recognized Knotel with its 2018 Workplace Innovation Award.[21] Amol Sarva has been featured on Commercial Observer’s The Power 100: Commercial Real Estate’s Most Powerful Players list.[22]
References[edit]
- ↑ "Understanding Knotel vs Traditional Office Space- Headquarters as a Service". Office Spaces NYC. 2017-10-22. Retrieved 2019-10-27.
- ↑ "Knotel CEO Amol Sarva Explains His "Headquarters as a Service" Concept". Propmodo. 2017-10-18. Retrieved 2019-10-27.
- ↑ "While WeWork Struggles to Sell its IPO, Competitors like Knotel are Gaining Ground". Fortune. Retrieved 2019-10-27.
- ↑ "Workspace provider Knotel secures $400M, putting it in WeWork's rear-view mirror". TechCrunch. Retrieved 2019-10-27.
- ↑ "While WeWork Struggles to Sell its IPO, Competitors like Knotel are Gaining Ground". Fortune. Retrieved 2019-10-08.
- ↑ Kumar, Kalyan (2019-09-24). "WeWork CEO Adam Neumann Steps Down, Former Amazon Exec Takes Over". International Business Times. Retrieved 2019-10-27.
- ↑ Putzier, Konrad. "As WeWork Stumbles, Its Smaller Competitors Cash In". WSJ. Retrieved 2019-10-22.
- ↑ "While WeWork Struggles to Sell its IPO, Competitors like Knotel are Gaining Ground". Fortune. Retrieved 2019-10-27.
- ↑ "While WeWork Struggles to Sell its IPO, Competitors like Knotel are Gaining Ground". Fortune. Retrieved 2019-10-08.
- ↑ "The little flexible office startup that could". The Real Deal New York. Retrieved 2019-10-08.
- ↑ "The Story of Knotel: New York's Hottest New Workspace Model". AllWork.Space. 2017-04-11. Retrieved 2019-10-08.
- ↑ "Knotel raises $25M to expand its "headquarters as a service" approach to office space". TechCrunch. Retrieved 2019-10-27.
- ↑ "Crunchbase - Knotel". Unknown parameter
|url-status=ignored (help) - ↑ "Workspace provider Knotel secures $400M, putting it in WeWork's rear-view mirror". TechCrunch. Retrieved 2019-10-08.
- ↑ www.ETtech.com. "Amol Sarva's unicorn startup is challenging WeWork - ETtech". ETtech.com. Retrieved 2019-10-08.
- ↑ "In a push into Europe, WeWork competitor Knotel acquires Ahoy!Berlin". TechCrunch. Retrieved 2019-10-08.
- ↑ "Knotel acquires Deskeo, Paris's largest agile office space operator". TechCrunch. Retrieved 2019-10-08.
- ↑ "Knotel acquires 42Floors in order to build the blockchain of property". TechCrunch. Retrieved 2019-10-08.
- ↑ Reader, Ruth (2019-05-30). "Knotel launches a furniture subscription service for offices". Fast Company. Retrieved 2019-10-08.
- ↑ "The little flexible office startup that could". The Real Deal New York. Retrieved 2019-10-08.
- ↑ "Knotel | Knotel Receives IFMA NYC Chapter Workplace Innovation Award". www.knotel.com. Retrieved 2019-10-08.
- ↑ "The Power 100: Commercial Real Estate's Most Powerful Players". Commercial Observer. 2019-04-23. Retrieved 2019-10-08.
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