About The Great Room
The Great Room is a company based in Singapore (Singapore) founded in 2016 was acquired by Industrious in May 2022. It operates as a Subscription Services, and Pay-per-Use / Usage-Based. The Great Room has raised $5 million across 1 funding round from investors including Industrious, CapitaLand and IGlobe Partners. The Great Room offers products and services including Coworking Spaces, Dedicated Office, Hot Desk, Virtual Office, and Day Pass. The Great Room operates in a competitive market with competitors including WeWork, JustCo, Spacemob, Trehaus and The Working Capitol, among others.
- Headquarter Singapore, Singapore
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
- Legal Name The Great Room Pte. Ltd.
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Annual Revenue
$12.34 M (USD)110as on Dec 31, 2019
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Net Profit
$-9.43 M (USD)-33as on Dec 31, 2019
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EBITDA
$-8.06 M (USD)-24as on Dec 31, 2019
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Series A
Sep 24, 2017
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Investors
Industrious
& 3 more
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Employee Count
Employee Count
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Acquired by
Industrious
(May 09, 2022)
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Products & Services of The Great Room
The Great Room offers a comprehensive portfolio of products and services, including Coworking Spaces, Dedicated Office, Hot Desk, Virtual Office, and Day Pass. 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.
Shared spaces are provided for dynamic community interaction.
Private offices are offered for growing business needs.
Flexible seating is available in shared lounge areas.
Corporate address and mail services are provided remotely.
Temporary access to spaces is offered for daily use.
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Funding Insights of The Great Room
The Great Room has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in September 2017. 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 Total Funding
- Total Rounds 1
- Last Round Series A — $5.0M
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First Round
First Round
(24 Sep 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series A - The Great Room | Valuation | CapitaLand |
| 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 |
Investors in The Great Room
The Great Room has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Industrious, CapitaLand and IGlobe Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech and life Science focused early stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Real estate development, investment, and management are undertaken globally.
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Founded Year | Domain | Location | |
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Goldbell is recognized as a market leader in industrial vehicles distribution and leasing in Singapore.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by The Great Room
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - The Great Room
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Great Room Comparisons
Competitors of The Great Room
The Great Room 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, JustCo, Spacemob, Trehaus and The Working Capitol, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Flexible office and coworking spaces are provided by WeWork globally.
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| domain | founded_year | HQ Location |
Managed co-working spaces are provided for freelancers and companies.
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| domain | founded_year | HQ Location |
Coworking spaces and business support services are provided in Singapore.
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| domain | founded_year | HQ Location |
Coworking spaces with childcare facilities are offered to working parents.
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| domain | founded_year | HQ Location |
Offers flexible co-working and office solutions for entrepreneurs and teams.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on The Great Room
Frequently Asked Questions about The Great Room
When was The Great Room founded?
The Great Room was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is The Great Room located?
The Great Room is headquartered in Singapore, Singapore.
Is The Great Room a funded company?
The Great Room is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on Sep 24, 2017.
What is the annual revenue of The Great Room?
Annual revenue of The Great Room is $12.34M as on Dec 31, 2019.
What does The Great Room do?
Various workspace solutions are offered by The Great Room, including coworking spaces, dedicated offices, hot desks, virtual offices, and day passes. Operations are focused in key gateway cities across the Asia-Pacific region, catering to solopreneurs, small teams, and startups. A hospitality-inspired approach is adopted to enhance community interaction and productivity. Concierge services are provided to support members with diverse needs. Locations are established in Singapore, Sydney, Bangkok, and Hong Kong, with thoughtfully designed environments to meet high standards of comfort and aesthetics.
Who are the top competitors of The Great Room?
What products or services does The Great Room offer?
The Great Room offers Coworking Spaces, Dedicated Office, Hot Desk, Virtual Office, and Day Pass.
Who are The Great Room's investors?
The Great Room has 4 investors. Key investors include Industrious, CapitaLand, IGlobe Partners, and Goldbell.