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- Mindspace
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
Harel Hamishmar
Arkin Holdings
More Provident Funds
Shalom Meckenzie
Crossroads Real Estate
Globalworth Real Estate Investments
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Nov 2021 | Undisclosed 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2021 | Undisclosed stage | Arkin Holdings (lead); Harel Hamishmar (lead); More Provident Funds (lead); Shalom Meckenzie (lead); Yoav Harlap; Kobi Rogovin; Globalworth Real Estate Investments | $72M | $250M | Mindspace 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 2018 | Undisclosed 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 2017 | Series A | Crossroads 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Nov 2021 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Lead | Nov 2021 | ||
| 1 | Lead | Mar 2017 | ||
| 1 | Participant | Nov 2021 | ||
This data is available for Pro users. Sign up to see all 8 Mindspace investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 15 May 2018 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Mindspace acquisitions and their M&A valuation multiples. Start Free Trial | |
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $156M | $62M | $198M | 2.0x | ||
| Private | - | - | $134M | - | ||
| Publicly listed | $254M | $165M | $989M | 5.4x | ||
| Private | - | - | $49M | - | ||
| Private | - | - | $28M | - | ||
| Private | $190M | - | $250M | 1.3x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $206M | $9M | 2.8x | - | 62.5x | - | |||
| $41M | $31M | 5.0x | - | 6.7x | - | |||
| $207M | $92M | 1.2x | - | 2.8x | - | |||
| $60M | $21M | 3.2x | - | 9.0x | - | |||
| $384M | $69M | 2.5x | 1.8x | 13.9x | 16.0x | |||
| $268M | $61M | 1.2x | 1.0x | 5.2x | 6.7x | |||
| $73M | $30M | 7.5x | - | 18.6x | - | |||
| $12M | $12M | 23.4x | - | 23.5x | - | |||
This data is available for Pro users. Sign up to see all Mindspace competitors and their valuation data. Start Free Trial | ||||||||
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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