LTC presents ‘Flexible Workspace After WeWork: The Case for Knotel’
at 130 Jermyn Street
24 October 2019
The London Technology Club was delighted to introduce Edward Shenderovich, co-founder and chairman of Knotel, the world’s leading provider of enterprise flexible space. Headquartered in NYC, Knotel offer flexible office space to over 240 companies, including Microsoft, Shell, Daimler, IBM, Netflix, Uber. Knotel operate in more than 200 locations in 18 cities worldwide, offering ca. 4.5 million square feet. In NYC alone, Knotel’s operations are already bigger than WeWork with 263,000 square feet across 63 locations. Knotel recently confirmed its latest round of funding, $400m led by Wafra, an investment arm of the Sovereign Wealth Fund of Kuwait. The round took Knotel to being valued at over $1bn, reaching ‘unicorn’ status.
Edward first talked about his journey as a serial entrepreneur. As the founder of Kite Ventures, Edward led the venture investment company to back the likes of Darberry, Fyber, Delivery Hero, Plated and Tradeshift.
Not surprisingly we quickly moved to the topic of WeWork, whom have been in the news lately having to postpone their IPO and CEO having to step down. Edward’s provided his clear views on the flexible workspace market, Knotel vs its competitors and what the future of the workplace will look like.