China’s UrWork invests in Indonesia’s ReWork via $3M deal as WeWork rivalry heats up

China’s UrWork invests in Indonesia’s ReWork via $3M deal as WeWork rivalry heats up

7 years ago
Anonymous $wKBR2uNMvM

https://techcrunch.com/2017/09/07/iwork-uwork-wework-rework-urwork/

UrWork, the unicorn that is competing with WeWork in China, is following its American rival’s lead by extending its reach in Southeast Asia after it took part in a $3 million funding round for Indonesia-based ReWork.

The round, which is described as pre-Series A, was led by China-U.S. firm ATM Capital and Indonesia’s Convergence Ventures. UrWork was a participant alongside U.S. firm Social Capital (which is increasingly active at Indonesia), Fortune Union Investments, ACE Capital and other undisclosed backers.