The lowdown on flexible work spaces in Asia
Manila-based FlySpaces buys HK-based rival Quickspaces
FlySpaces, Southeast Asia’s biggest Flexible Office Space marketplace, has shared to regional press the acquisition of its local competitor in Hong Kong, Quikspaces.
An inspiring success story out of the Philippines, FlySpaces continues its upward trajectory with this acquisition, further solidifying Philippines place as a destination for start-ups with its thriving ecosystem.
‘Airbnb for workspaces’ gets $2m for regional expansion
Manila-based tech start-up FlySpaces, one of Southeast Asia’s biggest flexible office space marketplace operators, has expanded its regional footprint with a deal to acquire Quickspaces, a local competitor in Hong Kong.
While Singapore and Jakarta corners much of the spotlight when it comes to startup success stories, FlySpaces attests to the viability of Manila as a location where startups can grow and thrive.
Manila-based FlySpaces has secured US$2.1 million in a pre-series A funding round, the startup announced today. The round was led by angel investor Raymond Rufino – co-president of commercial property manager Net Group – with “a millennial-led private equity firm” and other local property developers also participating. FlySpaces claims that this is the largest ever pre-series A investment made by Philippines-based parties.