- Fast-growing flexible workspace brand ucommune has announced a $1.5M angel-round investment in She Power.
- She Power is a shared consulting platform for female professionals and entrepreneurs, based in China.
- Founded in 2015, She Power is a knowledge-based network that delivers conferences, courses and programs to its 200,000-strong membership
Asia’s fastest growing co-working space, ucommune, has announced the US$1.5M angel-round investment in She Power, a China-based shared consulting platform for female professionals and entrepreneurs, as part of the company’s broader strategy to grow the community membership.
“A strong desire for professional development and personal growth have brought forth the emerging She Economy worldwide,” says Dr. Mao Daqing, founder and chairman of ucommune. “Female entrepreneurs and working women have become an increasingly visible force as more and more female entrepreneurs aggregate on the ucommune platform.
“It’s incredible that She Power’s international team leverages their internet insight, community-operating capability and strong executional power to grow a community exponentially.”
Dr. Mao adds that community is central to the operation of coworking. She Power has been created in response to consumers’ increasing need for spiritual resonance and continuous learning. Investment in She Power reflects ucommune’s ongoing commitment to growing the community member base and driving global expansion.
Founded in December 2015 in Shanghai, She Power focuses on developing “Woman Leadership” and connecting businesswomen through a “Sister Club” in China. Comprised of online and offline courses, conferences and corporate visits, She Power has over 200,000 subscribed members including 400 C-suite executives and entrepreneurs. The network aspires to impact the entrepreneurial growth of 300 million Chinese women through building programs on knowledge, experience and networking.
Over the past two years, She Power has quickly expanded in Shanghai, realising positive cashflow through operating network memberships, online-offline courses, leadership conferences, multi-cultural programs and product merchandising. This round of investment from ucommune will be deployed to revamp IT infrastructure, expand the network, and build a paid content platform by tapping the community’s needs of “career development, monetization, beauty and relationship.”
Meanwhile, ucommune will support the growth of She Power through the patented accelerator program in a bid to build China’s largest learning platform for women. In the future, ucommune is committed to leveraging the strength of She Power to provide more relevant services and resources for working women in China.
“The exponential growth of the She Power community over the past two years has proved the robust demand of personal development for modern Chinese women,” says Ms. Qiu Yumei, founder and CEO of She Power.
“Chinese women are the most ambitious women in the world. There are more working women in China than the rest of the world. As female leaders, we are committed to uniting all forces to build a platform that serves the good of the many women.”
She Power will expand to four more cities in China this year to make an even bigger impact.
As the first unicorn startup in the coworking sector in China, ucommune has built a strong member community through incorporating artificial intelligence and big data to its proprietary IT platform. The O2O model in tandem with China’s mass entrepreneurship policy has considerably increased start-up operation efficiency and revitalised latent commercial real estate spaces, contributing positively to building an active and synergistic online and offline community.
As of May 2018, ucommune has completed C-round funding to reach a market valuation of US$1.7B, covering a total area of ca 400,000 sqm in 160 locations across 35 cities. Backed by renowned investors such as Sequoia Capital, Zhen Fund, Gopher Capital, Sinovation Ventures, Hongtai Fund, Noah Wealth and Qianhai Wutong Acquisition Fund, ucommune is committed to increasing the total covered area to 1.2 million sq m over the next three years. It has currently integrated over 800 accredited service suppliers and established a synergistic eco-system made up of 38 enterprises.