Property developer Sansiri has paid $12m for a 6% stake in the Singapore-based co-working space provider, which plans to now expand internationally.
JustCo, a Singapore-based co-working office space operator, has raised $12m in series B funding from Sansiri Global Investment, a subsidiary of property developer Sansiri, DealStreetAsia reported on Friday, citing a securities filing.
The filing that indicates that the transaction was completed in September this year and valued JustCo at $200m, giving Sansiri a 6% stake.
Founded in 2011, JustCo is a subsidiary of JustGroup, which also owns serviced office provider JustOffice. It operates 180,000 square feet of co-working office space across…
