Knotel Could Become A Unicorn In Its Next Funding Round

Dignity Health Wafra, a firm backed by the government of Kuwait, will reportedly lead a funding round that will boost New York-based flexible office provider Knotel’s valuation to $1.5 billion and give it the “unicorn” status.

Backing from foreign countries is not new in the coworking world. For example, SoftBank’s Vision Fund has been a long time investor of WeWork and maintains to be their largest yet.

So far, Knotel has received $160 million in funding, but it is still unknown how much Wafra and other investors would spend in the round.