Booqed raises $1.6 million in recent seed funding round

Hong Kong-based short-term work space booking platform announces the securing of $1.675 million in a seed funding round

Booqed announced that it has raised $1.675 million in seed funding. Participants include Colliers International (the commercial real-estate management company), Techstars and Lazard Korea.

The company participated in Proptech Accelerator, the Toronto-based accelerator program for property and real estate startups run by Colliers and Techstars, in 2018.

Launched in September 2016, Booqed currently has 1,600 listings for spaces in Hong Kong, Shenzhen and Singapore. It plans to use its seed round on product roll-outs, marketing and hiring. The platform differentiates from co-working spaces and companies like WeWork because its inventory consists of underused spaces in existing commercial properties, giving property owners and managers a way to make money instead of letting them sit empty.

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