Knotel, a NYC-based agile workspace provider, closed a $70m Series B financing.
The round was led by Newmark Knight Frank and The Sapir Organization, with participation from The Wolfson Group, The Moinian Group, and Wainbridge Capital.
The company plans to use the funds to more than double in size this year and deepen its coverage in core and new markets among mid-market and enterprise businesses.
Founded in 2016 by Amol Sarva, CEO, and Edward Shenderovich, Knotel designs and runs bespoke locations for established and growing brands, providing flexibility and customization.
Today, over 200 companies use Knotel including Starbucks, Stash, and King. It currently operates forty locations across nearly 1 million square feet in New York, San Francisco, and London.
Previous investors from its $25m Series A round in 2017 include Bloomberg Beta, Invest AG, Observer Capital, Rocket Internet, and 500 Startups.