Knotel


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VC or PPP? Some proptech firms got both

VC or PPP? Some proptech firms got both

Knotel has raised $560 million in venture capital since 2016. But when coronavirus hit, the flex-office provider received a PPP loan between $5 million and $10 million to retain employees. It wasn’t alone: at...

VC or PPP? Some proptech firms got both
Knotel CEO Amol Sarva (Sasha Maslov, iStock)

Knotel’s Q2 revenue plunged 20%

UPDATED: July 9, 7:10 p.m.: Flex-office startup Knotel said its revenue plunged 20 percent during the second quarter, offering a glimpse of the economic toll the pandemic is having on the office market. CEO...

Knotel’s Q2 revenue plunged 20%
Amol Sarva (Sasha Maslov, iStock)

Knotel lost $223M before the pandemic struck

Flexible-office provider Knotel lost $223 million last year — even before coronavirus flipped the office market on its head....

Knotel lost $223M before the pandemic struck
Photo illustration of Paraag Sarva and Amol Sarva (Credit: Amol Sarva by Sasha Maslov, Linkedin)

Brother from the same mother: Knotel, Rhino CEOs didn’t disclose family tie on insurance deal

When flex-office provider Knotel struck a deal with insurance startup Rhino, the two firms failed to disclose that their CEOs were related. Knight RE...

Brother from the same mother: Knotel, Rhino CEOs didn’t disclose family tie on insurance deal
Amol Sarva and 643 Olive Street (Credit: Google Maps)

Knotel no pay: Lawsuit says company broke profit-sharing agreement

A lawsuit filed in Los Angeles may provide a glimpse into Knotel’s teetering business. The landlord of a downtown...

Knotel no pay: Lawsuit says company broke profit-sharing agreement
Amol Sarva and Mike Huaco (Credit: Sarva by Sasha Maslov, Linkedin, iStock)

Knotel to offer contact tracing in company app

The post-Covid office may be a very different place. Uber’s offices, for example, could reopen at 20 percent capacity...

Knotel to offer contact tracing in company app
Knotel CEO Amol Sarva (Credit: Sasha Maslov)

Knotel says one-third of members want rent relief

Roughly one-third of Knotel’s members are looking for a break on rent, the flex office space company disclosed Tuesday....

Knotel says one-third of members want rent relief
Industrious CEO Jamie Hodari (Credit: iStock; Illustration by The Real Deal)

Industrious slashes a third of its workforce

Industrious is the latest flexible-office startup to make significant cuts to its workforce. The company laid off 90 employees,...

Industrious slashes a third of its workforce
Knotel CEO Amol Sarva 

Another huge round of layoffs for Knotel

Flex office company Knotel slashed its 400-person workforce by half, as the coronavirus pandemic has drained the unicorn startup’s membership base. Knotel laid off or furloughed 195 employees worldwide today, Commercial Observer reported. “Business...

Another huge round of layoffs for Knotel
John Jureller and Amol Sarva of Knotel (Credit: Accordion; Wikipedia Commons)

Knotel hires Accordion Partners executive as CFO

Office-space company Knotel has installed a new chief financial officer, as the firm cuts back on growth to pursue...

Knotel hires Accordion Partners executive as CFO
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