The workspace provider, which counts a range of corporates as investors, has filed for bankruptcy 18 months after securing a unicorn valuation.
Knotel, the US-based shared workspace provider that had raised over $560m from investors including a range of corporates, filed for Chapter 11 bankruptcy on Sunday.
Founded in 2016, Knotel had built up a network of some 200 flexible workspaces around the world tailored to the individual needs of its corporate clients.
However, the disruption caused by the covid-19 pandemic and the related social distancing measures caused the company’s user numbers to spiral and several customers ask for rent reductions, skip…
