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 $ 5000 . 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 100 in early 2018 . The discussion highlights strong interest in the sector from institutional investors .