About LocalWorks
LocalWorks is a company based in Beverly (United States) founded in 2019. It operates as a B2B, and D2C. LocalWorks offers products and services including Private Offices, Virtual Offices, and Meeting Space. LocalWorks operates in a competitive market with competitors including WeWork, Industrious, Convene, Mindspace and Selina, among others.
- Headquarter Beverly, United States
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Sectors
Real Estate & Construction
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Phone
*********
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Website
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- Legal Name Localworks Hq Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Products & Services of LocalWorks
LocalWorks offers a comprehensive portfolio of products and services, including Private Offices, Virtual Offices, and Meeting Space. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Furnished offices with WiFi and amenities for business use.
Professional address and mail handling for remote businesses.
Rental spaces for client meetings and conferences.
Funding Insights of LocalWorks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by LocalWorks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LocalWorks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Localworks Comparisons
Competitors of LocalWorks
LocalWorks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WeWork, Industrious, Convene, Mindspace and Selina, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Flexible office and coworking spaces are provided by WeWork globally.
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| domain | founded_year | HQ Location |
Flexible workspace solutions are provided for teams and individuals.
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| domain | founded_year | HQ Location |
Managed co-working spaces with conference rooms and amenities are offered.
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| domain | founded_year | HQ Location |
Managed co-working spaces are provided for users and landlords.
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| domain | founded_year | HQ Location |
Online platform for booking hostel accommodation and co-working spaces for travelers
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| domain | founded_year | HQ Location |
IWG is recognized as a global leader in hybrid working solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about LocalWorks
When was LocalWorks founded?
LocalWorks was founded in 2019.
Where is LocalWorks located?
LocalWorks is headquartered in Beverly, United States. It is registered at Beverly, Massachusetts, United States.
What does LocalWorks do?
LocalWorks delivers flexible office rentals for individuals and businesses, featuring furnished spaces with WiFi and amenities in various US locations such as Boston, Washington D.C., and Chicago. They focus on short-term leases without commitments, serving small business owners and professionals by offering private, virtual, and meeting room options to support daily operations and meetings. Their model emphasizes affordability and convenience, with services starting at low monthly rates.
Who are the top competitors of LocalWorks?
LocalWorks's top competitors include WeWork, Convene and Industrious.
What products or services does LocalWorks offer?
LocalWorks offers Private Offices, Virtual Offices, and Meeting Space.