Local co-working startup Spacemob announces $7.9 mil in seed funding

SINGAPORE (Nov 23): Spacemob, a co-working startup based in Singapore, today announced the closing of a record US$5.5 million ($7.85 million) seed funding round.

This represents “the largest seed funding round figure ever recorded in Southeast Asia”, announces the company in a Wednesday release.

In October this year, Spacemob launched its first local co-working space on Claymore Hill which the company says is already operationally profitable. Another two sites are due to open in Singapore and Jakarta in 1Q17, with the company planning to launch another 30 sites across Asia Pacific (APAC) within the next 36 months.

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