Knotel, Inc. Stock

knotel.comReal EstateFounded: 2015Funding to Date: $439.51MM

Knotel is the developer of a flexible workspace platform that matches, tailors and manages space for customers.

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Enterprise Value (based on primary financings)

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Team

Management Team

Eugene Lee
Chief Investment Officer and Global Head of Real Estate
Edward Shenderovich
Co-Founder & Chairman
Jonathan Goldberg
Chief Operating Officer
Amol Sarva Ph.D
Co-Founder, Board Member & Chief Executive Officer
Joseph Meyer
Co-Founder

Board Members

Linda Levinson
Amol Sarva Ph.D
Jeffrey Crowe
Norwest Venture Partners
Edward Shenderovich
Nodari Kezua
Peak State Ventures

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News

This week, flexible workspace operator (and one-time unicorn) Knotel announced it had filed for bankruptcy and that its assets were being acquired by investor and commercial real estate brokerage Newmark for a reported $70 million. Knotel designed, built and ran custom headquarters for companies. Iā€¦
The company booked about $250 million in revenue for 2020 ā€“ a significant jump from 2019 ā€“ but liabilities have continued to rise, too.
The flex-space company continues to rack up lawsuits from landlords suing for rent nonpayment, and recently finished another round of layoffs.