Thai co-working space HUBBA raises $350K pre-Series A from 500 Startups, Ardent Capital, Golden Gate Ventures

Image of HUBBA Co-Working Space in Bangkok.

Thailand’s leading co-working space HUBBA has secured $350,000 in pre-Series A round led by 500 Startups, Ardent Capital, Golden Gate Ventures, Thai high-profile startup founders and angel investors.

The proceeds will be mainly spent on two projects. One is a joint venture with Thailand’s top property developer Sansiri PCL, to create the largest co-working space in Southeast Asia on a retail community mall, called HUBBA-TO, in Soi Sukhumvit 77. This pilot project is scheduled to launch in March 2016, Amarit Charoenphan, Co-Founder and Co-CEO of three-year-old HUBBA, told DEALSTREETASIA.

“Sansiri has joined hand with BTS Group and has more than 20 projects in the pipeline. If this pilot project is successful, we may have more projects together in the future,” he said.

The other project is NODE (www.findmynode.com), automated offices that help reduce the cost of setting up offices for startups.

Amarit said, it would be similar to airbnb.com, but it would focus on office space before considering expansion into other kinds of property. This has seen a soft launch on the website and the mobile app will follow soon.

The company is looking at raising a series A round before the mid of 2016.

“The next round will help us to expand in overseas. We are happy to talk to any investors who would like to set up co-creation community or co-working space with us as well as develop the ‘findmynode’ platform to serve in other countries,” the Co-Founder said.

Bangkok-based HUBBA has presence in more than seven locations with minority investments in co-working spaces such as Punspace in Chiang Mai, TOH LAO in Vientiane and partnership agreement with Cluster Office.

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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.