Co-working space startup Outpost bags $1.3m seed funding from Everhaus, others

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.

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.