<article>Indonesia&#8217;s co-working platform <a href="https://www.dealstreetasia.com/?s=gowork">GoWork</a> has raised $13.8 million in a Series A round co-led by <a href="https://www.dealstreetasia.com/?s=gobi+partners">Gobi Partners</a> and <a href="https://www.dealstreetasia.com/?s=the+paradise+group">The Paradise Group</a>, an Indonesian retail and hospitality-focused property developer.</article>

Indonesia&#8217;s co-working platform <a href="https://www.dealstreetasia.com/?s=gowork">GoWork</a> has raised $13.8 million in a Series A round co-led by <a href="https://www.dealstreetasia.com/?s=gobi+partners">Gobi Partners</a> and <a href="https://www.dealstreetasia.com/?s=the+paradise+group">The Paradise Group</a>, an Indonesian retail and hospitality-focused property developer.
GoWork plans to use the proceeds to triple its footprint by next year, targeting over 100,000 sqm in operation by early 2020. The company claims to have a 90 per cent renewal rate for members, with over 90 per cent occupancy within three months of launching operations.
Richard Lim, CFO and Chief of Real Estate of GoWork, said: &#8220;We are very bullish about the demand for our workspaces&#8230; Ultimately, we want to be the single largest provider of quality workspaces in the whole of Indonesia, creating powerful business communities supported by our technology-enabled platform and proprietary mobile app which enables us to offer ever more valuable services to our members.”
GoWork was created after a <a href="https://www.dealstreetasia.com/stories/vc-2-92029/">merger between Rework and GoWork</a>, two rival co-working spaces in Indonesia. The company has 16 hub locations in Jakarta, Surabaya and Bali and over 30 locations in partnership with Ismaya Group covering over 25,000 sqm of workspace.
GoWork also positions itself as a premium co-working platform, providing well designed and highly-equipped workspaces for Indonesian business communities.
Kay-Mok Ku, Gobi Partner’s Managing Partner for ASEAN, said, “Having invested in Kr Space, a premium co-working startup in China, Gobi is now proud to be backing one in Southeast Asia; Gowork has the potential to be the go-to co-working space, because it has an exceptional, locally-led team that is revolutionising office space and real estate in Indonesia.&#8221;
Paradise Group owns and operates several malls including Plaza Indonesia.
GoWork has attracted over 8,000 members and 600 companies to its workspaces since its inception and claims to operate at close to 100 per cent occupancy.

GoWork plans to use the proceeds to triple its footprint by next year, targeting over 100,000 sqm in operation by early 2020.

Indonesia's GoWork raises $13.8m in Series A co-led by Gobi Partners, Paradise Group

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Indonesia's GoWork raises $13.8m in Series A co-led by Gobi Partners, Paradise Group

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