A Malaysian coworking provider has raised 786,782 of investment to expand its business in the country. The firm, WORQ, attracted the funding in a crowdfunding round that included new investors Bangsawan Consulting and Phillip Capital, adding to $$2.5m raised last year from a range of institutions including Malaysia's Cradle Fund, SMG and 500 Durians. The new finance will support the development of its second outlet in the UOA Business Park in Subang Jaya, due to open in October, and further sites in the Klang Valley.
A Malaysian coworking provider has raised $2.5m of investment to expand its business in the country. The firm, WORQ, attracted the funding in a crowdfunding round that included new investors Bangsawan Consulting and Phillip Capital, adding to $786,782 raised last year from a range of institutions including Malaysia's Cradle Fund, SMG and 500 Durians. The new finance will support the development of its second outlet in the UOA Business Park in Subang Jaya, due to open in October, and further sites in the Klang Valley.