Knotel, a NYC-based network of custom locations that provides modern businesses with adaptable headquarters, raised $25m in Series A funding.
Backers included Invest AG, Bloomberg Beta, 500 Startups, Rocket Internet and a number of NYC angels.
This funding will be used to add 40 more locations in the next year.
Founded in 2015 by Amol Sarva and Edward Shenderovich, Knotel is a real estate technology company currently providing over 50 enterprises, including VenueBook, Cheddar, CultureIQ, and Change.org amongst others, with custom headquarters in its various locations throughout New York City.
The company has already opened ten locations in New York.