Chinese office space provider UrWork is expanding in southeast Asia following its participation in a $3m funding round for ReWork, an Indonesian start-up. The pre-series A funding round was led by ATM Capital and involved UrWork, Social Capital, ACE Capital and Fortune Union Investments. In the first half of 2017, UrWork’s business grew at a compound annual growth rate (CAGR) of over 30% to reach $28.5m.
Chinese office space provider UrWork is expanding in southeast Asia following its participation in a $3m funding round for ReWork, an Indonesian start-up. The pre-series A funding round was led by ATM Capital and involved UrWork, Social Capital, ACE Capital and Fortune Union Investments. UrWork has a valuation of $1.5bn, with 88 locations spread across China and expansion into 32 cities across the globe planned for the next three years.