Photo credit: Sean Pavone / 123RF.
Manila-based Flyspaces, an Airbnb for workspaces, today announced it acquired its Malaysian counterpart 8spaces for an undisclosed amount. The deal is funded through cash and equity.
The move is a big step toward the startup’s ambition to expand in Kuala Lumpur and the rest of Southeast Asia.
Flyspaces has an inventory of over 800 workspaces across five cities: Manila and Cebu in the Philippines, Singapore, and Hong Kong – apart from KL.
“We are adding a very strong member to our executive team in Lais de Oliveira,” says Flyspaces CEO Mario Berta of 8spaces’ founder.
Mario Berta and Lais de Oliveira.
Flyspaces offers short-term offices, co-working facilities, business centers, and event spaces to businesses of all sizes. Its client roster includes huge brands like Nestle, Heineken, Unilever, Google, and Uber.
The company will go live in Jakarta in January next year.
This post ‘Airbnb for workspaces’ acquires Malaysia’s 8spaces appeared first on Tech in Asia.
from Tech in Asia https://www.techinasia.com/flyspaces-airbnb-for-workspaces-malaysia-8spaces
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