Shared Office Service Provider Mixpace Receives USD63 Mln Funding to Expand Into More Cities

Shared Office Service Provider Mixpace Receives USD63 Mln Funding to Expand Into More Cities

Tang Shihua

Date: Thu, 03/29/2018 - 21:10 / source:Yicai
Shared Office Service Provider Mixpace Receives USD63 Mln Funding to Expand Into More Cities
Shared Office Service Provider Mixpace Receives USD63 Mln Funding to Expand Into More Cities

(Yicai Global) March 29 -- The operator of shared office space Mixpace Carlowitz raised CNY400 million (USD63 million) in B1 round of financing, which will be mainly used for project expansion, product optimization and system development, online news outlet 36Kr reported.

An unidentified domestic asset management company led the investment, with A-round investor Zhongnan Capital partaking in it.

Positioning at mid- to high-end markets and eyeing the growing upgrading demand, Mixpace mainly serves small- and medium sized firms with an employee number of up to 50.

In terms of space design, the Shanghai-based Mixpace adopts a three-zone layout in transforming office space, including multi-functional public areas such as coffee shop and fitness classrooms open to the general public as well as water bar tables, dining areas, and sleeping areas open only to members. There are also independent office areas for informal business reception and efficient work space.

In selecting locations for office space, members primarily seek transportation convenience, followed by services offered, a company survey found. At present, Mixpace’s 13 new space projects are concentrated in the central areas of Nanjing, capital of East China’s Jiangsu province, and Shanghai as well as other cities. It maintains an occupancy rate of 80 percent and plans to expand into Beijing and Shenzhen, the southeastern Guangdong province, the company said.

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Keywords: FINANCING, MIXPACE, working space service