Unicorn Workspaces successfully closes Series A financing. The flexoffice provider raises a total of 15 million euros. The round is led by private equity firm Knutsson Holdings AB and Berlin-based venture capitalist WestTech Ventures. In addition to other venture capital funds, IBB Capital and MBG are also participating as investors.
For the Swedish investor Knutsson, Unicorn is the first major investment in Germany. The group has already gained international experience with Flexoffice solutions. For example, the company holds stakes in the Swedish provider Convendum as well as several other assets in the real estate sector.
”We firmly believe that our working environment will undergo a
profound transformation in the coming years. New workplace models will play an important role here. Unicorn’s flexible business model will be the decisive factor,” says Michael Knutsson about the investment.
Investors Convinced by Market Flexibility
Unicorn has flexibly responded to a rapidly changing market, and to the Corona crisis. The company has converted unused office spaces into Covid test centers. Unicorn has been conducting free citizen tests in them as an ”authorized third party health care provider for the German Health Department since March 2021.”
”The team’s flexibility in handling the difficulty of the pandemic has been impressive. Unicorn demonstrated an authentic start-up mentality – with a mix of focused actions and quick responses. We’ve learned how important flexible working will be in the future and the market will grow again,” says Masoud Kamali, CEO of WestTech Ventures.
Unicorn’s core business was hit hard by the effects of the Corona crisis last year. However demand for office solutions has started to pick up once again. Unicorn is among the top 3 service providers in the field of co-working / office space for SMEs for “Wirtschaftswoche”, which compiles a ranking regularly.
Unicorn has reacted to the Corona crisis by implementing: an extensive hygiene concept, enforced spacing measures with rearrangements, and targeted regular sanitizing. Additionally, Unicorn has been offering free rapid tests to users and employees since November 2020.
”I am very happy with the confidence our investors have in us,” says Unicorn founder and CEO Florian Kosak ”Our offer, which has very flexible terms, and fair prices – is ideal for many companies right now. We foresee a large increase in demand for our workspaces. Especially with the personal service provided by our community baristas. We are in an ideal position for
hybrid work environments, and can offer users the future of work comfortably and effectively.”
Jens Hilgers, Torsten Oelke, Alex Kölpin, and Florian Heinemann are participating in the current financing round as investors. Heinemann will be part of the Advisory Board in the future. ”We have a clear vision of how Unicorn will continue. Driven by an urge to reshape the world of work, we have the best prerequisites to significantly shape the future and work
in the ”New Normal”, says Florian Heinemann. With the help of Series A, Unicorn intends to meet the growing demand in the flexoffice market and further expand its offerings for users.