Knotel seeks to raise $100M in a serious down round

Knotel is reportedly trying to raise $100 million in funding in a round that would significantly lower its valuation, as the co-working firm grapples with plunging revenues and mass layoffs. The company has been in talks with a European firm for the funding since the beginning of the year, according to Forbes. The new investment would be at terms that could cut Knotel’s current $1.6 billion valuation in half, the publication added, citing a source

source https://therealdeal.com/2020/07/21/knotel-seeks-to-raise-100m-in-a-serious-down-round/