Dubai-based co-working platform Letswork raises $2.1 million in seed funding
Dubai-based subscription service and marketplace for on-demand workspaces, Letswork, has successfully secured $2.1 million in seed funding in a round featuring participation from 500 Global, The Space, DTEC Ventures and strategic angel investors. Founded in 2019 by Omar Almheiri and Hamza Khan, Letswork allows both individuals and businesses to
Dubai-based subscription service and marketplace for on-demand workspaces, Letswork, has successfully secured $2.1 million in seed funding in a round featuring participation from 500 Global, The Space, DTEC Ventures and strategic angel investors.
Founded in 2019 by Omar Almheiri and Hamza Khan, Letswork allows both individuals and businesses to utilize a network of co-working spaces, such as cafes and hotels, for hourly or daily rentals of meeting rooms, private offices, and creative studios.
This funding will enable the expansion of Letswork's software as a service offering to more venues, the growth of its team, and an increase in its network of workspaces over the next year.
The company's expansion into Saudi Arabia, specifically Riyadh, comes at the request of existing corporate clients. Previously, Letswork expanded its reach by acquiring Krow in Portugal.
The rise of shared economy platforms, particularly in the MENA region, has seen the emergence of proptech start-ups such as Silkhause, Partment, and Seqoon.
