Cofounder Knotel 70m Azevedotechcrunch
Knotel, a flexible workspace provider, has been making headlines since its founding in 2016. With a valuation of $1 billion and $70 million in funding, it’s no wonder that the company has garnered attention from investors and the media alike . The company’s co-founder, Ann Azevedo, has been instrumental in Knotel’s success.
Azevedo began her career as a journalist, covering technology and venture capital for publications such as The Wall Street Journal and VentureWire. She later transitioned to venture capital, working at firms such as VSP Capital and Illuminate Ventures .
In 2016, Azevedo co-founded Knotel with Amol Sarva. The company provides flexible office space to businesses of all sizes, with a focus on customization and scalability. Knotel’s unique approach has attracted a diverse range of clients, from startups to Fortune 500 companies .
Since its founding, Knotel has experienced rapid growth. In 2019, the company raised $400 million in funding, bringing its total valuation to $1 billion . Knotel’s success can be attributed to its unique approach to office space. Unlike traditional office space providers, Knotel offers customizable spaces that can be tailored to meet the specific needs of each client .
The Impact of COVID-19
Like many businesses, Knotel was impacted by the COVID-19 pandemic. In 2020, the company was forced to lay off employees and close some of its locations. However, Knotel has remained resilient and is now focused on adapting to the new normal. The company is exploring new ways to provide flexible office space to businesses in a post-pandemic world .
Ann Azevedo’s role as co-founder of Knotel has been instrumental in the company’s success. Her background in technology and venture capital has helped Knotel attract investors and clients alike. Despite the challenges posed by the COVID-19 pandemic, Knotel remains a leader in the flexible office space industry.