Insurance firm Harel Insurance Investments and Financial Services co-led a $72m round for Israel-headquartered flexible workspace provider Mindspace on Wednesday.
The round was co-led with asset manager More Provident Funds and also featured healthcare investment group Arkin Holdings, real estate investment firm Globalworth and individuals including Shalom Meckenzie, Yoav Harlap and Kobi Rogovin.
Mindspace runs a network of workspaces spanning 17 cities across Israel, Europe and the United States, offering individual desks, offices and spaces designed for entire teams.
The company has also launched a hybrid home-and-office service for clients, and the capital has been earmarked for the further expansion of its locations. It had previously raised $15m in series A round funding from undisclosed investors.
Dan Zakai, co-founder and chief executive of Mindspace, said: “We successfully faced the many challenges of covid. Today, our locations are almost at full occupancy and the current investment led by Harel Insurance and More Provident Funds is intended to fulfil the rising demand in the market and to launch new locations in partnership with landlords worldwide.”
Photo courtesy of Mindspace.
