Knotel is reportedly in talks with Wafra, a New York City -based investment firm owned by the Knotel government pension fund, about an investment that would value the company at about $1.5 billion . Wafra is expected to lead the funding round, potentially joined by Singapore ’s sovereign-wealth fund. Knotel has expanded its portfolio of flexible office locations to 20 from around 200 in early 2018 . The discussion highlights strong interest in the sector from institutional investors.
Knotel is reportedly in talks with Wafra, a New York City-based investment firm owned by the Kuwaiti government pension fund, about an investment that would value the company at around $1.5bn. Wafra is expected to lead the funding round, potentially joined by Singapore’s sovereign-wealth fund. Knotel has expanded its portfolio of flexible office locations to around 200 from 20 in early 2018. The discussion highlights strong interest in the sector from institutional investors.