Mindspace Valuation, Funding & Investors

Mindspace is valued at $250M as of November 2021.

Last Mindspace valuation

$250M

Undisclosed stage · Nov 2021

Last Mindspace funding round

$72M

Undisclosed stage · Nov 2021

Cumulative funding Mindspace raised

$147M

across 3 funding rounds

Key investors in Mindspace

Mindspace Overview

About Mindspace

Mindspace is a flexible workspace provider operating premium office spaces in over 40 locations across 20 cities in Europe and the United States. The company designs boutique environments with bespoke interiors, on-site events, and community-building programs for startups, SMBs, and enterprises like Fortune 500 firms. Amsterdam-headquartered, Mindspace emphasizes hybrid work models with amenities including gyms, lounges, and wellness facilities. Its global footprint fosters collaboration and productivity in markets such as London, Paris, New York, and Tel Aviv.


Founded

2014

HQ

IsraelTel Aviv

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$250M (Nov 2021)

Mindspace Valuation

Mindspace is currently valued at $250M, based on its undisclosed-stage round in November 2021.

The $72M round was led by Arkin Holdings, Harel Hamishmar, More Provident Funds and Shalom Meckenzie, with participation from Yoav Harlap, Kobi Rogovin and Globalworth Real Estate Investments.

Mindspace valuation by funding round

Mindspace valuation by funding round
DateStageValuation
Nov 2021Undisclosed stage$250M

Mindspace Funding History

Mindspace has raised a total of $147M across 3 funding rounds.

Mindspace's first fundraising round was a $35M Series A in March 2017. The most recent completed round was a $72M undisclosed-stage round in November 2021.

Mindspace funding rounds

Mindspace funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2021Undisclosed stageArkin Holdings (lead); Harel Hamishmar (lead); More Provident Funds (lead); Shalom Meckenzie (lead); Yoav Harlap; Kobi Rogovin; Globalworth Real Estate Investments$72M$250MMindspace is a Tel Aviv-based flex office provider offering well-designed workspaces with fully equipped kitchens, meeting rooms, and high-standard service. The company differentiates itself through strategic partnerships with customers and landlords, emphasizing flexibility, shorter-term commitments, and lower financial risk compared to traditional real estate. In November 2021, Mindspace raised $72 million in a funding round led by Harel Insurance Investments and Financial Services, More Provident Funds, and Arkin Holdings, with participation from existing investors including Yoav Harlap, Kobi Rogovin, and Globalworth. The investment was intended to support expansion in Europe, the United States, and Israel. At the time of the funding round, Mindspace had achieved strong market traction with locations in London, Tel Aviv, Philadelphia, and a hub-and-spoke location outside Tel Aviv at Yakum, operating at nearly full occupancy. The company's customer base comprised approximately 41% large enterprises and corporations and 38% small and medium-sized companies, with notable clients including Microsoft, Samsung, Playtika, Taboola, Yahoo!, Expedia, and GoPro across technology, financial services, and business service sectors. CEO Dan Zakai indicated the company expected continued accelerated growth in 2022 while creating added value for its expanding customer and landlord partnerships.
Apr 2018Undisclosed stage-$40M-Mindspace is an Israeli flex office provider founded in 2014 by Dan Zakai and Yotam Alroy. The company operates shared office spaces across multiple countries.
Mar 2017Series ACrossroads Real Estate (lead)$35M--

Who has invested in Mindspace?

8 investors have backed Mindspace across its funding rounds, including Harel Hamishmar, Arkin Holdings, More Provident Funds, Shalom Meckenzie, Crossroads Real Estate and Globalworth Real Estate Investments.

Lead investors include Arkin Holdings, Harel Hamishmar, More Provident Funds, Shalom Meckenzie and Crossroads Real Estate.


Mindspace Investors

Investors in Mindspace by funding rounds participated
InvestorHQRoundsRoleFirst check
Shalom MeckenzieIsraelIsrael1LeadNov 2021
Yoav HarlapIsraelIsrael1ParticipantNov 2021
Kobi RogovinIsraelIsrael1ParticipantNov 2021
More Provident FundsIsraelIsrael1LeadNov 2021
Crossroads Real EstateUnited KingdomLondon1LeadMar 2017
Globalworth Real Estate InvestmentsPolandBucharest1ParticipantNov 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Mindspace

Mindspace has acquired 1 company to date.

Last acquisition by Mindspace was on May 15th 2018. Mindspace acquired KleinKantoor for undisclosed valuation.


Latest Acquisitions by Mindspace

KleinKantoor
Description
-
HQ CountryNetherlands
HQ City
-
Deal Date15 May 2018
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Mindspace Competitors

Mindspace competitors include listed companies like Awfis Space Solutions and Wework India Management, and private ones like SparkPlus, Oru Space, Blender Workspace and SILA Group.

Public and private companies comparable to Mindspace
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Awfis Space SolutionsIndiaIndiaPublicly listed$156M$62M$198M2.0x
SparkPlusSouth KoreaSeoulPrivate--$134M-
Wework India ManagementIndiaIndiaPublicly listed$254M$165M$989M5.4x
Oru SpaceUnited KingdomLondonPrivate--$49M-
Blender WorkspaceUnited StatesNew York City, NYPrivate--$28M-
SILA GroupIndiaMumbaiPrivate$190M-$250M1.3x

Mindspace Public Comps

Mindspace is still privately-owned, but its public comps include Paz, Alianza Trust Renda, Centenario, Zofri, Immobel, Trisul, Riyad REIT Fund, Zublin Immobilien, Real Matters and Awfis Space Solutions.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Paz$206M$9M2.8x-62.5x-
Alianza Trust Renda$41M$31M5.0x-6.7x-
Centenario$207M$92M1.2x-2.8x-
Zofri$60M$21M3.2x-9.0x-
Immobel$384M$69M2.5x1.8x13.9x16.0x
Trisul$268M$61M1.2x1.0x5.2x6.7x
Riyad REIT Fund$73M$30M7.5x-18.6x-
Zublin Immobilien$12M$12M23.4x-23.5x-

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Common questions about Mindspace

When was Mindspace founded?Mindspace was founded in 2014.
Where is Mindspace headquartered?Mindspace is headquartered in Tel Aviv, Israel.
Is Mindspace publicly listed?No, Mindspace is a private, VC-backed company.
What is Mindspace's valuation?Mindspace was last valued at $250M in its undisclosed-stage round in November 2021.
How much funding has Mindspace raised?Mindspace has raised $147M across 3 funding rounds.
What was Mindspace's last funding round?Mindspace's last funding round was a $72M undisclosed-stage round in November 2021, led by Arkin Holdings, Harel Hamishmar, More Provident Funds and Shalom Meckenzie.
Who are Mindspace's investors?Mindspace's investors include Shalom Meckenzie, Yoav Harlap, Kobi Rogovin, More Provident Funds, Crossroads Real Estate, Globalworth Real Estate Investments, Arkin Holdings and Harel Hamishmar.
Which companies are comparable to Mindspace?Companies comparable to Mindspace include Awfis Space Solutions, SparkPlus, Wework India Management, Oru Space, Blender Workspace and SILA Group.
How many companies has Mindspace acquired?Mindspace has acquired 1 company, including KleinKantoor.

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