Ucommune

IPO

Together, Stronger.

Public · Beijing, China · Founded 2015 · $243.5M raised

Headquarters
Beijing
Employees
201–500
Founded
2015
Business Model
B2B
Total Funding
$243.5M
Last Round
$200.0M Series ENov 2018
Rounds
2
Type
Public

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

About

Ucommune is China's leading co-working community operator, founded in 2015 and headquartered in Beijing. The company operates flexible workspace solutions across tier-1 and new tier-1 cities in Greater China as well as Singapore and New York City. Its service portfolio includes self-operated models — U Space (flagship branded co-working), U Studio (compact spaces), and U Design (customized enterprise spaces) — as well as asset-light models including U Brand (design, build, and brand licensing) and U Partner (operations and management services). Beyond workspace, Ucommune provides value-added services to enterprise and individual members including advertising, incubation and corporate venturing, tax and finance advisory, HR services, legal support, and IT assistance. The company listed on Nasdaq in November 2020 and has built a platform that integrates physical co-working spaces with an online member community, enabling members to connect, collaborate, and grow across its national network.

Summary

Ucommune is a PropTech company based in Beijing, China, founded in 2015. It has raised $243.5M in total across 2 rounds, most recently a $200.0M Series E round in Nov 2018. Investors include Prosperity Holdings, Sequoia Capital and Noah Wealth Management.

Tech & App Stack

8 technologies & apps tracked

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Funding & Exit History

SPAC MergerSPAC MergerJul 2020

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Funding: Series D through Series E. Amounts, valuations, and investors where available.

Investors

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