Knotel, a NYC-based global provider of agile workspaces for companies, closed a $60m funding.
The round, which brought total funding to date to $160m, was led by Norwest Venture Partners with participation from existing investors Newmark Knight Frank and Bloomberg Beta. As part of the transaction, Norwest Managing Partner Jeff Crowe will take a seat on Knotel’s board.
The company intends to use the funds to deepen its coverage in current core and new markets among mid-market and enterprise businesses.
Founded in 2016 by Amol Sarva, CEO, Knotel designs and manages agile office space for established and growing companies.
The company operates nearly 100 locations in New York, San Francisco, London and Berlin.
Its member network includes companies like Starbucks, Netflix and Daimler.