Chinese co-working space unicorn Ucommune raises $43.5m, hits $1.8b valuation

Photo: Ucommune

Ucommune, China’s largest co-working space operator, has raised $43.5 million in its latest financing round, pushing its post-money valuation to $1.8 billion.

According to an official statement, the funding was led by Prosperity Holdings, which also led its pre-Series C round in July 2017, and RK Properties. Proceeds from the latest round will be used to develop and upgrade services and speed up Ucommune’s roll-out in Southeast Asia.

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