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    Adapt Or Die: Future-Proof Your Business With These Essential Tips

    Adapt Or Die: Future-Proof Your Business With These Essential Tips

    Adaptable Hybrid Work Approach Crucial for Employee Retention

    Adaptable Hybrid Work Approach Crucial for Employee Retention

    10 Changes Your Organization Must Make To Succeed This Year

    10 Changes Your Organization Must Make To Succeed This Year

    Do Pay Transparency Laws Actually Matter

    Do Pay Transparency Laws Actually Matter?

    Evaluating the Effectiveness of Hybrid Work Models and Office Reintegration

    Evaluating the Effectiveness of Hybrid Work Models and Office Reintegration

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    Establish An Effective Hybrid Work Environment In 6 Steps

    IWG Selling The Crown Jewels? You Would Think So Judging By The Asking Price

    IWG Selling The Crown Jewels? You Would Think So Judging By The Asking Price

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    The Million Dollar-Mistake Businesses In California Cannot Afford To Make: Compliance Deadline Approaching!

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    How Africa’s Economy will Harness Digital Tech in the Future of Work

  • Work-life
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    5 Reasons 15-Minute Cities Could Be The Key To Work-Life Balance

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    Driving Sustainable Change: Advice for Facilities Managers

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    How To Strengthen Your Workforce: Cultivate Growth Opportunities For Women

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    Build The Best Work Playlist: 8 Songs To Avoid And 10 To Blast

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    Escape The Lingering Cold In These 7 Countries Perfect For Remote Work

    Say Goodbye Comfy Pants – 9 in 10 Companies Planning RTO This Year

    Say Goodbye Comfy Pants – 9 in 10 Companies Planning RTO This Year

    Remote Work Is Just E-Commerce Déjà Vu All Over Again

    Remote Work Is Just E-Commerce Déjà Vu All Over Again

    Four Days Is Enough

    Four Days Is Enough

  • Tech
    What Every Business Needs to Know About Managed Development Services

    What Every Business Needs to Know About Managed Development Services

    LiquidSpace and Kadence Team Up to Revolutionize Hybrid Work

    LiquidSpace and Kadence Team Up to Revolutionize Hybrid Work

    Using IoT Tech Is Crucial For Office Planning And Employee Health

    Using IoT Tech Is Crucial For Office Planning And Employee Health

    Paving the Way for the Future of the Workplace With the Metaverse

    Paving the Way for the Future of the Workplace With the Metaverse

    What You Need To Know About Web3 And Finding Great Developers

    What You Need To Know About Web3 And Finding Great Developers

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    The Price Of Remote Work? Your Privacy

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    3 Steps To Build A Three-Dimensional Hybrid Workplace

    3 Steps To Build A Three-Dimensional Hybrid Workplace

    PETER MISCOVICH

    Peter Miscovich JLL Global Future Of Work Leader | The Hybrid Workplace Evolution: Unlocking The Future Of Work

  • Design
    Designing with Insight and Intention: Uncovering Behavioral and Functional Needs

    Designing with Insight and Intention: Uncovering Behavioral and Functional Needs

    Redefining “Amenity” in the Workplace

    Redefining “Amenity” in the Workplace

    How to Design for Behavior To Create a New In-Person Working Environment

    How to Design for Behavior To Create a New In-Person Working Environment

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    People-Driven Alternate Workspaces

    How Physical Spaces Shape Human Relationships and Emotional Well-Being

    How Physical Spaces Shape Human Relationships and Emotional Well-Being

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    Resimercial Design Balances Comfort and Sustainability in the Office

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    Sustainability, Well-being, and the Building Blocks of a Biophilic Workplace

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    Designing A Better Future For The Workplace

  • Workforce
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    Amidst an Unyielding Labor Market, Remote Work Opportunities Surface as an Attraction for Frontline Workers

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    3 Steps To Fostering Employee Engagement Through a Partnership Model

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    How To Post On Social Media About Losing Your Job

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    Hiring Internationally Doesn’t Have To Make Payroll Complicated

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    Master the Art of Hosting Engaging Virtual Meetings

    Adapt Or Die: Future-Proof Your Business With These Essential Tips

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    Unmasking the Corporate Return-to-Work Fallacy: A Genuine Approach to Junior Staff Development

    Diplomas and Dilemmas: How 2023 Graduates Can Navigate Job Market Chaos

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    Want To Stop Employees From Walking Out The Door? Build Them A Career Ladder

    Want To Stop Employees From Walking Out The Door? Build Them A Career Ladder

  • Coworking
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    Can Female-Centric Coworking Spaces Work?

    Tech Check: 5 Signs Your Coworking Space Is Due For An Upgrade

    Tech Check: 5 Signs Your Coworking Space Is Due For An Upgrade

    Reaching Beyond The Desk: How Coworking Spaces Can Transform Communities

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    All Good Work Partners with JLL To Support Nonprofit Organizations

    We Told You So

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    LiquidSpace and Kadence Team Up to Revolutionize Hybrid Work

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    How the Rise of Four-Day Work Weeks Could Reshape the Coworking Industry

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    How Coworking Spaces Can Leverage Blockchain to Enhance Their Services

    How Coworking Spaces Can Leverage Blockchain to Enhance Their Services

    Want To Work At The Ritziest Coworking Office In The World? It’s Going To Cost You

    Want To Work At The Ritziest Coworking Office In The World? It’s Going To Cost You

  • Marketing
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    8 Reasons Why Sponsored Content Is Worth The Investment For Your Brand

    Instagram GenZ

    2023 Instagram Trends Reveal How To Market To Gen Z

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    2023 Future Of Work Forecast: Focus Marketing On Values and Customer Experience, Not The Product

    2023 Future Of Work Forecast: Focus Marketing On Values and Customer Experience, Not The Product

    Want Your Coworking Newsletter to Actually Convert

    Want Your Coworking Newsletter to Actually Convert? Start by Keeping It Simple, Fun, and Consistent

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

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    The Creator Economy Is Dramatically Changing Marketing Practices, Here’s Why

  • CRE
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    75% Of Business Leaders Lack Data Needed For Crucial CRE Decisions

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    The Future of Commercial Real Estate in San Francisco Doesn’t Look Good

    3 Things CRE Players Must Do To Stay Relevant In 2023

    2023 Future Of Work Forecast: 3 Things CRE Players Must Do To Stay Relevant In 2023

    The Office Space Sector Is Projected To See A Strong Fourth Quarter In 2022

    The Office Space Sector Is Projected To See A Strong Fourth Quarter In 2022

    Meet Flex Space More Chaotic Cousin Gray Spaces

    Meet Flex Space’s More Chaotic Cousin: Gray Spaces

    The Future Of Our Offices And Our Planet Hinges On The Real Estate Industry Priorities

    The Future Of Our Offices — And Our Planet — Hinges On The Real Estate Industry’s Priorities

    JLL New Future Of Work Survey The Next Few Years Are Crucial For Commercial Real Estate (2)

    JLL’s New Future Of Work Survey: The Next Few Years Are Crucial For Commercial Real Estate

    What Is The Impact Of Hybrid Working On Space Optimization

    What Is The Impact Of Hybrid Working On Space Optimization?

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Campfire Coworking Raises 6Million USD in Seed Round

byAllwork.Space - Press
March 22, 2017
in Business
Reading Time: 2 mins read
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Campfire Coworking, Hong Kong
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Hong Kong, 22nd March 2017:

After just 1 year of operating coworking spaces in 2 centers in Hong Kong, Campfire Collaborative Spaces has secured $6Million USD in their first seed round of financing.

Campfire will open another 3 coworking sites by Q2 2017 and has also secured sites for 2 co-living spaces. By the end of 2017, Campfire’s aggressive expansion will see it having the largest combined coworking floor space in Hong Kong.

Besides having convenient locations and sleek furnishings, what sets Campfire apart is that its centers are industry-focused. Its first space in Kennedy Town is based around the tech vertical and startups. The second location in Wong Chuk Hang is geared towards high fashion and houses many upcoming labels.

Campfire Coworking, Hong KongThis approach will also be applied to the next three centers, which are opening by July this year. In a crowded coworking arena, Campfire’s offering is well received by tenants and investors alike.

“Campfire was conceptualized as a place where like-minded entrepreneurs can gather to share their experiences and work together, “ says Albert Fung, CoFounder and Director of Campfire. “Being industry-focused, our centers stand out in allowing for more relevant networking opportunities, events, and collaborations.”

Open coworking 24/7

In addition, Campfire prides itself on being a truly flexible coworking space. Online businesses never sleep and neither do their business owners, hence Campfire is open 24/7 for members to work as and when needed. To allow for rapid scaling, Campfire has even renovated segments of its centers to accommodate tenants.

“Our goal is to help business people to achieve their passions through hard work and perseverance. We understand that finding office space in Hong Kong can be a tough and a time-consuming process,” says Wang Tse, Co-founder and Director of Campfire. “At Campfire, we provide a unique, reliable and flexible coworking space as an easy solution for any office needs.”

While coworking seems to be a simple business, there is a high-barrier entry with plenty of competition. Start up cost is extremely high and spaces are hard to find (only an estimated 2% office vacancy in Hong Kong) – hence the need for coworking spaces. Despite that, there are almost 120 coworking spaces in operation today.

Campfire Coworking, Hong KongThe business was co-founded by three visionaries (Albert Fung, Wang Tse, and Brian Fung) who all saw the potential of coworking in urban cities like Hong Kong. Various experienced angel investors from the real estate industry provided this round of funding. After 10 years in private wealth, Albert linked up with serial real estate entrepreneurs, Wang and Brian, to utilize their natural synergy in coming up with a coworking business that investors can get behind.

“A low-interest rate environment in Asia has resulted in many investors looking for good risk-adjusted returns. Campfire has been able to raise money from investors by offering them the opportunity to obtain above average yields with no downside really,” says Brian Fung, Co-founder, and Director of Campfire.

Not resting on their laurels, Campfire will continue to move forward at speed. Given the capital-intensive nature of the business, Campfire is looking to raise more money in order to launch more differentiated industry-focused centers to help more businesses in Hong Kong and Asia scale rapidly.

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