23 Nov '16, 2pm
Singapore’s #Spacemob lands $5.5M to expand its #co_working
Co-working spaces are becoming a serious business in Asia. WeWork entered the region via China earlier this year, but there are numerous others across the continent. Singapore-based Spacemob is one such contender, and today it announced a $5.5 million seed round to expand its reach across Asia Pacific. That’s a huge seed round for any company in Southeast Asia. It was led by Vertex Ventures Southeast Asia, a venture arm of Singaporean sovereign fund Temasek Holdings. Spacemob was founded by Turochas “T” Fuad, who sold previous company Travemob to Airbnb rival HomeAway in 2013. It currently has one ‘flagship’ space in Singapore, with a second in Singapore under development alongside another in Jakarta. Early tenants include General Assembly and Survey Monkey. Fuad told TechCrunch that he plans to expand Spacemob to 30 spaces across Asia Pacific over the next three years. In...