What is Worq?
WORQ Coworking Space specializes in offering customized office spaces and private suites designed for accessibility and productivity. Catering to a diverse clientele ranging from startups to large enterprises, WORQ provides move-in ready offices in multiple Kuala Lumpur locations, strategically situated near MRT stations. Their mission is to enhance business operations and cultivate a vibrant community atmosphere within their workspaces.
How much funding has Worq raised?
Worq has raised a total of $3.2M across 2 funding rounds:
Private Equity
$786K
Unspecified
$2.4M
Private Equity (2017): $786K with participation from Cradle Seed Ventures, 500.com, and SMG
Unspecified (2020): $2.4M, investors not publicly disclosed
Key Investors in Worq
Cradle Seed Ventures
Cradle Fund is a Malaysian government-backed entity dedicated to nurturing early-stage technology startups through financial support and commercialization assistance, aiming to foster innovation and accelerate business growth.
500.com
500.com Limited is a leading online sports lottery service provider in China, offering a comprehensive suite of services and approved by the Ministry of Finance for online lottery sales.
SMG
Service Management Group is a management consulting firm specializing in customer relationship management, employee experience, and brand research services, founded in 1991.
What's next for Worq?
The substantial enterprise-level backing positions Worq for accelerated expansion and enhanced service offerings. This investment is likely to fuel further development of their coworking infrastructure, potentially leading to new location launches or the enhancement of existing facilities. The company's focus on providing flexible, accessible office solutions suggests a strategy aimed at capturing a larger share of the evolving corporate real estate market, adapting to hybrid work models and the demand for community-centric workspaces.
See full Worq company page
