3:12 25 November 2021
Mindspace raises $72 mln from institutional investors
Mindspace, the global flex office provider, secured funding of $72 million. The investment round is intended to support the continuation of the company's growth and its further expansion in Europe, the United States, and Israel. The round was led by Harel Insurance Investments and Financial Services, More Provident Funds, Arkin Holdings, and existing investors. Existing investors include Yoav Harlap, Kobi Rogovin, and Globalworth.
Mindspace, founded in 2014 by Dan Zakai and Yotam Alroy, currently operates 32 branches in 17 cities in 7 countries, spread over 100,000 square meters (over 1 million sq ft). In the past year alone, Mindspace successfully launched new branches in London, Tel Aviv, Philadelphia, and a new hub and spoke location outside Tel Aviv, at Yakum.
“Mindspace is experiencing an impressive growth momentum and high demand in all its locations. We successfully faced the many challenges of COVID. Today, our locations are almost at full occupancy and the current investment led by Harel Insurance and More Provident Funds is intended to fulfill the rising demand in the market and to launch new locations in partnership with landlords worldwide,” Dan Zakai, CEO and Co-founder of Mindspace, said.
(WBJ)
