About Spacemob
Spacemob is a Real Estate & Construction company based in Singapore (Singapore) founded in 2016 by Turochas Fuad, and was acquired by WeWork in August 2017. Coworking spaces and business support services are provided in Singapore. Spacemob has raised $5.5 million across 1 funding round from investors including WeWork, Vertex Ventures SG and Alpha JWC Ventures. Its chief executive, as recorded, is Turochas Fuad. The company was acqui-hired. Its focus areas include Real Estate and Construction Tech, Commercial Real Estate Tech, CoWorking and Managed. Its legal entity is SPACEMOB PTE. LTD. Its competitors include JustCo, The Great Room and Trehaus; 2 of its 3 listed competitors have raised funding.
Company details
Spacemob is a co-working space for businesses. Tenants get services like office space, internet connection, software that allows members to book rooms, network etc. The membership package includes health insurance, payroll, and a payment gateway. It also provides specialists like content writers, SEO specialists, and developers on hand at extra cost. It charges a monthly rent based on the type of membership taken by the users. It may vary from a fixed desk in the space to a private office. It runs on a shared revenue with the property owner. As of November 2016, it has 2 spaces in Singapore. Some notable clients include Survey Monkey, General Assembly etc.
- Headquarters Singapore, Singapore
- Founders Turochas Fuad
- Stage Acquired
- SectorsReal Estate & Construction
- Website spacemob.co
- Social LinkedIn X
- Acquired by WeWork (Aug 2017)
- Legal Name Spacemob Pte. Ltd.
Funding Insights of Spacemob
Spacemob has successfully raised a total of $5.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $5.5 million completed in November 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.5M
- Total Rounds 1
- Last Round Seed — $5.5M
- First Round $5.5M
(Nov 2016)
- Investors Count 2
All 1 funding rounds of Spacemob with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2016 | $5.5M | Seed | – | Alpha JWC Ventures, Vertex Ventures | – |
3 investors in total: 3 institutional.
Investors in Spacemob
Spacemob has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include WeWork, Vertex Ventures SG and Alpha JWC Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech focused VC firm making investment in seed and early stage companies in the US & Asia | alphajwc.com | Jakarta, Indonesia | ||
Venture capital fund focused on multiple sectors | 1997 | vertexventures.sg | Singapore, Singapore | |
Flexible office and coworking spaces are provided by WeWork globally. | 2010 | wework.com | New York, United States |
Investor details for Spacemob
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People of Spacemob
1 people are tracked at Spacemob (1 in leadership).
| Name | Role | Group |
|---|---|---|
Turochas Fuad | Founder & CEO | Leadership |
Complete people profiles for Spacemob
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Timeline of Spacemob
3 dated milestones of Spacemob across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Spacemob is founded.
- Funding First funding round of $5.5M.
- Exit Acquired by WeWork.
Competitors of Spacemob
Spacemob has 3 listed competitors in our database, 2 of them funded. They include JustCo, The Great Room and Trehaus.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| justcoglobal.com | 2011 | Singapore | $86M | Managed co-working spaces are provided for freelancers and companies. | ||
| thegreatroom.co | 2016 | Singapore | $5M | Workspace solutions are provided through coworking and office spaces. | ||
| trehauscowork.com | 2016 | Singapore | Coworking spaces with childcare facilities are offered to working parents. |
Detailed competitors of Spacemob
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Related news about Spacemob
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Frequently Asked Questions about Spacemob
Spacemob was founded in 2016.
Spacemob is headquartered in Singapore, Singapore.
Turochas Fuad is the CEO of Spacemob, as recorded in our data. They have also founded this company.
Spacemob is a funded company, having raised a total of $5.5M across 1 funding round to date. The company's 1st funding round was a Seed of $5.5M, raised on Nov 2016.
Spacemob is a co-working space for businesses. Tenants get services like office space, internet connection, software that allows members to book rooms, network etc. The membership package includes health insurance, payroll, and a payment gateway. It also provides specialists like content writers, SEO specialists, and developers on hand at extra cost. It charges a monthly rent based on the type of membership taken by the users. It may vary from a fixed desk in the space to a private office. It runs on a shared revenue with the property owner. As of November 2016, it has 2 spaces in Singapore. Some notable clients include Survey Monkey, General Assembly etc.
Spacemob's top competitors include JustCo, The Great Room and Trehaus.
Spacemob has 3 investors. Key investors include WeWork, Vertex Ventures SG, and Alpha JWC Ventures.
Spacemob operates through Spacemob Pte. Ltd..
Yes. Spacemob was acquired by WeWork in August 2017.