Catcha-backed co-work space Common Ground signs first tenant, regional VCs to join

Catcha-backed co-working space Common Ground has got its first anchor tenant — global entrepreneurs’ network Entrepreneur’s Organisation (EO) which will move to its new headquarters when the facility opens next month.

In an announcement last week, Malaysia’s largest co-working space said that regional venture capital firms like Jungle Ventures, KK Fund, East Ventures and IMJ will be moving to the co-working space too.

“Common Ground’s versatile office setup serves as a convenient base for venture capitalists, enabling a great degree of work flexibility as they travel across markets,” said Malaysian internet company Catcha Group backed Common Ground.

EO is a global network exclusively for entrepreneurs and its Malaysian chapter supports 164 members across the country. As part of the partnership, EO will be hosting events on-site and facilitating mentorship and engagement programs.

The co-working space which spans across 17,000 sqft space in Kuala Lumpur’s Damansara Heights was founded by ex-Catcha Group executive Erman Akinci and former CEO of Guocoland’s Tower REIT Juhn Teo, along with Roen Cian Nagapan of The Roof and Rabin Nijhar of Cisco (M) Sdn Bhd. It will open on March 1.

“Our members come from different industries and diverse backgrounds, each bringing their own unique expertise and skillsets. This enables us to create a vibrant ecosystem within Common Ground, connecting entrepreneurs, advisors, investors and service providers in the one space,” said Erman.

The co-working space will feature over 50 private offices along with an extensive communal café and lounge area. The space is easily converted to a versatile event space that will allow both members and outside parties to hold seminars and talks, designed to encourage group knowledge sharing and community building.

Common Ground is the first such investment from Catcha Group which has companies like iProperty, iCar Asia, Rev Asia, and iFlix in its portfolio. In fact, the co-working space industry has attracted regional venture capital investments given that the industry is estimated at approximately MYR1.3 billion ($291.5 million) regionally.

Some of the traditional players in the space such as Regus and Servecorp are also witnessing increased competition globally through new updated offerings from businesses like Wework and Neuehouse.

Also Read:

Catcha-backed co-working startup Common Ground to launch in KL in early 2017

Malaysia: Co-working space WORQ closes $786k in funding

Singapore: Co-working space Impact Hub launches S$1m venture fund

Toong join hands with CapitaLand Vietnam to open new co-working space

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.