(Bloomberg) -- Kr Space Ltd., the provider of co-working spaces that competes with WeWork Cos. in China, is seeking to raise at least $200 million in a new funding round, people with knowledge of t...
Chinese co-working office start-up Kr Space is understood to be planning to raise at least $200m in a new funding round, hoping to achieve a valuation of about $1.3bn. The company has raised $200m from investors including the venture capital firm Andreessen Horowitz, which backed Facebook and Twitter, as well as existing backers such as Google Ventures and Kleiner Perkins Caufield & By@@ Kr Space currently has 40 office locations and rents desks and offices to more than 2,000 corporate and 20,000 individual members.