Flexible office space marketplace based out of Singapore, GorillaSpace, has recently received an undisclosed amount of seed funding by Mitsubishi Estate Co (MEC), a Japanese real estate developer.
Other investors included Singapore-based interactive media company Silversea Media Group.
The funding comes one year after the startup’s graduation from Propell Asia in November 2018, a proptech accelerator program run by JLL and Landlease.
The investment marks MEC’s first proptech investment outside Japan and is also the developer’s first seed-round investment. MEC The investment from MEC is part of their initiative to discover new business projects and to develop synergy with existing businesses. MEC has already committed 10 billion yen (US$100 million), including the investment in GorillaSpace.
GorillaSpace touts itself as the first property marketplace to offer both long-term office spaces and flexible workspace options, as well as a hybrid of the two categories – the so-called "Core and Flex" model that is gaining increasing attention in corporate real estate circles. GorillaSpace offers office spaces, co-working spaces and serviced offices on its platform.
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