ATLAS Valuation, Funding & Investors

ATLAS is valued at $5B as of October 2018.

See full ATLAS profile

Last ATLAS valuation

$5B

Series A · Oct 2018

Last ATLAS funding round

$29M

Series A · Oct 2018

Cumulative funding ATLAS raised

$29M

across 1 funding round

Key investors in ATLAS

  • Li Silian
  • Star River Group
  • Times China Holdings

ATLAS Overview

About ATLAS

ATLAS is a co-working and community space operator offering flexible workspaces and living accommodations. Located in major cities, it fosters professional networks through shared environments designed for startups and remote workers.


Founded

2016

HQ

ChinaGuangzhou

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Subscription

Valuation

$5B (Oct 2018)

Sectors

ATLAS Valuation

ATLAS is currently valued at $5B, based on its Series A in October 2018.

The $29M round included Star River Group, Times China Holdings and Li Silian.

ATLAS valuation by funding round

ATLAS valuation by funding round
DateStageValuation
Oct 2018Series A$5B

ATLAS Funding History

ATLAS has raised a total of $29M across 1 funding round.

ATLAS funding rounds

ATLAS funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2018Series AStar River Group; Times China Holdings; Li Silian$29M$5BATLAS is a Goldman Sachs-backed co-working startup based in Guangzhou, China, founded by Chen Sze Long, son of Agile Property chairman Chen Zhuolin. It provides flexible workplace solutions and has opened 11 locations in major Chinese cities and Hong Kong since its founding 16 months prior to the funding announcement. The company pitches its services to landlords as a way to diversify revenue channels, shorten office building payback periods, and increase asset values in competitive CBD markets. In its A2 financing round announced on a Friday (matching approximate date of 12/10/2018), ATLAS was valued at HK$6.8 billion ($871 million USD) post-money. The round was led by Guangzhou R&F Properties chairman Li Sze Lim (also referred to as Li Silian), with participation from mainland developers Star River Group and Times China, both Guangdong-based firms. Times China ranked 34th and Star River 87th in mainland sales for the first half of 2018. The funding will support expansion to over five million square feet (464,515 square meters) of gross floor area by mid-2019. Investors' real estate expertise is expected to provide resources for ATLAS's growth amid crowded co-working markets in Hong Kong and mainland China.

Who has invested in ATLAS?

3 investors have backed ATLAS across its funding rounds, including Li Silian, Star River Group and Times China Holdings.


ATLAS Investors

Investors in ATLAS by funding rounds participated
InvestorHQRoundsRoleFirst check
Star River GroupChinaGuangzhou1ParticipantOct 2018

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ATLAS Competitors

ATLAS competitors include listed companies like WillScot, IWG, Wework India Management and Smartworks Coworking, and private ones like Kr Space and WeWork China.

Public and private companies comparable to ATLAS
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WillScotUnited StatesUnited StatesPublicly listed$2.3B$606M$3.3B3.1x
IWGSwitzerlandSwitzerlandPublicly listed$3.8B$487M$2.2B2.5x
Kr SpaceChinaBeijingPrivate--$1.3B-
WeWork ChinaChinaShanghaiPrivate$94M-$1B10.6x
Wework India ManagementIndiaIndiaPublicly listed$254M$165M$989M5.4x
Smartworks CoworkingIndiaIndiaPublicly listed$187M$121M$620M5.2x

ATLAS Public Comps

ATLAS is still privately-owned, but its public comps include WillScot, IWG, Wework India Management, Smartworks Coworking, Framery Group, Servcorp, Awfis Space Solutions and WOTSO Flexspace.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
WillScot$2.3B$606M3.1x3.1x11.7x7.6x
IWG$3.8B$487M2.6x2.5x20.1x16.9x
Wework India Management$254M$165M6.0x5.4x9.3x8.3x
Smartworks Coworking$187M$121M5.9x5.2x9.2x30.0x
Framery Group$256M$54M2.7x2.7x12.7x10.2x
Servcorp$249M$67M2.2x2.1x8.2x3.6x

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Common questions about ATLAS

When was ATLAS founded?ATLAS was founded in 2016.
Where is ATLAS headquartered?ATLAS is headquartered in Guangzhou, China.
Is ATLAS publicly listed?No, ATLAS is a private, VC-backed company.
What is ATLAS's valuation?ATLAS was last valued at $5B in its Series A in October 2018.
How much funding has ATLAS raised?ATLAS has raised $29M across 1 funding round.
What was ATLAS's last funding round?ATLAS's last funding round was a $29M Series A in October 2018.
Who are ATLAS's investors?ATLAS's investors include Star River Group, Times China Holdings and Li Silian.
Which companies are comparable to ATLAS?Companies comparable to ATLAS include WillScot, IWG, Kr Space, WeWork China, Wework India Management and Smartworks Coworking.

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