Internet group Beijing Kunlun Tech has taken part in a RM200m ($30m) series B round for China-based workspace provider Nash Work, China Money Network reported today.
Private equity firm Yung Park led the round, which follows a RMB30m series A investment by Kunlun Tech in 2015 according to local media reports.
Founded in 2013, Nash Work operates a network of 97 co-working spaces across China that serve a total of around 2,600 startups.
Another China-based workspace company, UrWork, received $46m in funding from real estate developer Yintai Land and investment firm Zhongrong International Trust last month, while US-based WeWork raised $430m in a March round backed by China-headquartered conglomerate Legend Holdings.