36Kr’s co-working spinoff, Kr Space, has added $145m to its coffers, from investors including IDG Capital, Gopher Asset and Yixing Capital.

Kr Space, the co-working space provider established by China-based technology, media and entrepreneurial services provider 36Kr, raised RMB1bn ($145m) today.

The round was co-led by venture capital group IDG Capital, asset management firm Gopher Asset and private equity firm Yixing Capital.

Kr Space was spun out of 36Kr in 2016 and operates co-working spaces in 12 Chinese cities: Beijing, Shanghai, Hong Kong, Guangzhou, Hangzhou, Nanjing, Wuhan, Tianjin, Suzhou, Chengdu, Xiamen and Hefei.

The company retains its focus on China but…

Thierry Heles

Thierry Heles is the former editor-at-large of Global University Venturing and Global Corporate Venturing, and was the producer and host of the Beyond the Breakthrough podcast until December 2024.