Thai developer Sansiri invests in Singapore-based co-working provider JustCo

/ EdgeProp
October 12, 2017 6:54 PM SGT
JustCo's co-working space on Robinson Road Credit: Samuel Isaac Chua/The Edge Singapore
Singapore-based co-working provider JustCo announced that it has grown its valuation to US$200 million ($270 million) at the close of its Series B funding, which saw one of Thailand’s leading developers Sansiri invest an undisclosed sum. The latest round of funding will finance JustCo’s expansion into other key cities in Southeast Asia, namely Bangkok, Jakarta, Kuala Lumpur, Ho Chi Minh City and Manila.
JustCo aims to open more co-working centres in at least six regional countries, bringing the total number of locations in Asia to 30 by 2018. It’s projecting that its member base will grow five-fold from the current 12,000-strong community.
JustCo founder and CEO, Kong Wan Sing
“Each market in this region presents its own unique challenges,” says Kong Wan Sing, founder and CEO of JustCo. “But our groundwork for exponential rollout has been laid and we have cultivated strategic partners in various cities.” The partnership with Sansiri will help JustCo make inroads into Bangkok.