UrWork (Beijing) Venture Investment Co.,Ltd., a Beijing, China-based co-working space provider, completed a $45M Series C funding.
The round, which brings the value of the company to $1.3 billion, was led by Qianhai Wutong Mergers and Acquisitions Funds, with participation from CK Home — Key Investment Group and venture capital firm Context Lab.
The comoany intends to use the funds to drive further global expansion, community service and technology upgrading.
Founded in 2015 by Dr. Mao Daqing, UrWork is a co-working space provider in China offering long-term leasing, hot desk and corporate-customization solutions and professional services across a broad spectrum for small-to-medium enterprises.
The company currently covers over 100 locations in over 30 cities in the world, Singapore, New York, Los Angeles San Francisco and London, servicing over 3,000 enterprises, 40,000 individual members in total.