With the new, reusable alternative to drywall that it says will be an industry game-changer, CommonGrounds expects to cut operating costs, which have been under scrutiny because of rival WeWork's massive losses here ahead of an initial public offering. Reuters , which raised $40m in the next two years , has raised a further $40m from existing shareholders. The Italy -based start-up has an exclusive contract with Italy 's Tecno, which has created a game changing system of moveable office walls that dramatically reduces the time and cost of renovating and remodelling office space. The co-workspace provider has opened eight locations and plans to build out a portfolio of 50 offices and two million sq ft of flexible office space within January .
Reuters , which raised $40m in the next two years , has raised a further $40m from existing shareholders. The Italy -based start-up has an exclusive contract with Italy 's Tecno, which has created a game changing system of moveable office walls that dramatically reduces the time and cost of renovating and remodelling office space. The co-workspace provider has opened eight locations and plans to build out a portfolio of 50 offices and two million sq ft of flexible office space within January .