Outpost, a Bali-based network of co-working and co-living space startup, has raised $1.3 million in seed funding from several investors, including local VC firm EverHaus, and two overseas investors, Strypes Holdings and Clarenberg Ventures.
Outpost offers companies and individuals freedom to work and live in holiday destinations by transforming an underperforming hotel or cottage properties into a communal work and living spaces for the digital nomad or independent professionals.
The funding will be used to expand Outpost’s business in its co-working, co-living, and travel services destination in the Asia Pacific, which also includes the announcement for its fourth destination soon.
“The digital nomad generation has grown up, and it’s affecting business at all levels. Employees and employers want a genuine alternative to the high intensity, 9-to-5 urban lifestyle,” Outpost Cofounder David Abraham said in a statement on Monday.
“They want to engage with the diverse and exciting lifestyle Asia offers — the sights, sounds, tastes, creativity, and energy — while also getting work done: whether that’s as part of a bigger organization or building a business from scratch,” he said.
Abraham said he chose Asia because it is the hub and center of invention and entrepreneurialism, and the startup is now leading the way to develop the remote work of lifestyle in the region.
Established in 2016, Outpost started its co-working and co-living space in Ubud, Bali. It has since expanded into Canggu, and Phnom Penh, Cambodia. The startup is founded by US citizens, David Abraham and Bryan Stewart.
Recently, EverHaus participated in the series A funding round of Indonesian accommodation startup Bobobox. Founded in 2017, Everhaus is focused on early-stage startups. The venture capital counts Pomona, Aino, Jendela360 and Paybill among its portfolio firms.