Kwai Hung Group led a series A round for the shared space provider that was also backed by Sa Sa International, and which will fund growth.

China-based shared space provider Campfire has received $18m in a series A round co-led by real estate conglomerate Kwai Hung Group, Deal Street Asia reported yesterday.

Cosmetics retailer Sa Sa International also participated, as did investment holding company Rykadan Capital’s Fast Global Holdings subsidiary, which co-led the round, Ring Capital and Potent Assets.

Founded in 2016, Campfire operates co-working spaces that offer specialised facilities such as meeting rooms, 3D printers, photographic studios and catwalks.

The company also markets co-education centres…