Knotel until now did not announce any subsequent fundraising, internally or externally.
Investors in that 2019 funding round included three Japanese investors — Mori Trust, Itochu Corp, and Mercuria Investment Co, as well as returning investors Newmark Knight Frank, Norwest Venture Partners, and New York City real-estate firm Sapir Organization.tens of millions of dollars in unpaid bills
Knotel took on empty offices in older New York buildings and in less desirable locations in an attempt to beat WeWork on its home turf, but much of that has been empty for months, former employees have told Insider. that it would seek to cut back its global portfolio of 4.8 million square feet by 60% in the next six months and would aim to shed over 80% of the 3.4 million square feet it leases in the US and Canada.