{"id":4555,"date":"2023-10-16T00:15:00","date_gmt":"2023-10-15T16:15:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=4555"},"modified":"2023-10-14T18:34:31","modified_gmt":"2023-10-14T10:34:31","slug":"daily-markup-852-worq-raises-pre-series-b-funding-to-expand-co-working-space-space-as-a-service-for-startups-smes-and-corporates","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=4555","title":{"rendered":"Daily Markup #852: WORQ raises pre-Series B funding to expand co-working space &amp; space-as-a-service for startups, SMEs and corporates"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"523\" height=\"399\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/10\/worq-853.jpg\" alt=\"\" class=\"wp-image-4556\" srcset=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/10\/worq-853.jpg 523w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/10\/worq-853-300x229.jpg 300w\" sizes=\"(max-width: 523px) 100vw, 523px\" \/><figcaption class=\"wp-element-caption\">Photo credit: <a href=\"https:\/\/bit.ly\/3PUhNI5\">TechNode Global<\/a><\/figcaption><\/figure>\n\n\n\n<p><strong>Room to grow<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>There\u2019s plenty of opportunities in the co-working space, with flexible offices only having 1% market penetration in Kuala Lumpur, compared to the 3% regional average, and 30% projected by 2030. (JLL Research)<\/li>\n\n\n\n<li>Malaysia\u2019s very own 500-backed coworking space provider <a href=\"https:\/\/worq.space\/\">WORQ <\/a>has an exceptional track record of profitability and, according to the team, a dominant market position, attracting 14 investors in its latest pre-Series B fundraising round.\u00a0<\/li>\n\n\n\n<li>Global asset management firm, Phillip Capital, led this round with its largest placement to-date and its third consecutive investment into WORQ.<\/li>\n\n\n\n<li>WORQ is currently on track to double its space under management by the end of 2023 and aims to triple that to 450,000 square feet by 2025.<\/li>\n\n\n\n<li>\u201cSoutheast Asia has become a prime location for many businesses looking to diversify and build their global supply chain. The Malaysian market is strategically positioned to capture these opportunities as we are a diverse, multilingual country with an educated talent pool and a robust SME supply chain,\u201d &#8211; Stephanie Ping, CEO and Co-Founder of WORQ.<\/li>\n\n\n\n<li>Aiming to become the \u2018Amazon of office spaces\u2019, WORQ\u2019s innovative Space-As-A-Service model provides clients scalability and flexibility through its network of cloud offices, with corporate clients accounting for 70% of WORQ\u2019s demand compared to only 20% pre-pandemic<\/li>\n\n\n\n<li>To date, WORQ has incubated 300 startups and 100 tech companies with plans to enable over 10,000 workers by 2025.<\/li>\n\n\n\n<li>Read the full story on <a href=\"https:\/\/bit.ly\/3PUhNI5\">TechNode Global<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Room to grow<\/p>\n","protected":false},"author":5,"featured_media":4556,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[389],"class_list":["post-4555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-worq"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #852: WORQ raises pre-Series B funding to expand co-working space &amp; 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