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Knotel co-founder leaves company, describes investor Newmark as ‘a stalking horse’



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Earlier this year, we covered the demise of flexible workspace operator Knotel.
The once high-flying startup had just announced it had filed for bankruptcy and that its assets were being acquired by investor and commercial real estate brokerage Newmark for a reported $70 million.
It was a hard fall for a company that just one year prior had been valued at $1.6 billion.
It was hard to pinpoint exactly the beginning of the end for Knotel, which had raised about $560 million in funding. Some said the pandemic was the nail in Knotel’s coffin, while others pointed out the proptech was already …

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