A company owned by the Kuwaiti government is in talks to invest in Knotel, the New York-based co-working firm, according to people familiar with the matter. The deal would value Knotel at about $1.5 billion, these people said. Wafra Inc., a New York City-based investment firm owned by a Kuwait government pension fund, is expected to lead the...
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 company’s first overseas office, which opened last year in Dubai, was followed up this month by another in Abu Dhabi.