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Announced

Kr Space raised $145m in funding led by IDG Capital.

Financials

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Transaction Value£113m
Consideration Type-
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

shared workspace

Venture Capital

Acquisition

workspace management system

Friendly

Integrated FM

Pending

Private Equity

China

Single Bidder

Synopsis

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Chinese co-working space Kr Space, the Beijing-based startup that competes with WeWork in China, raised CNY1bn ($145m) in a new funding round, led by existing investor IDG Capital, with the participation of new backers Gopher Asset Management and Yixing Capital. The proceeds will be used to pursue a new business strategy to achieve the goal of becoming “a full life-cycle enterprise office service provider.”

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