Knotel


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Amol Sarva and 110 William Street (Google Maps)

Knotel wants out at 10 Manhattan locations

Knotel is looking to get out of 10 Manhattan locations with lease commitments of nearly $200 million as the company clashes with landlords over unpaid rent. The flex-office startup, valued at $1.6 billion in...

Knotel wants out at 10 Manhattan locations
Amol Sarva (Photography by Sasha Maslov, iStock)

Knotel owes more than $1.6M in unpaid rent: Landlords

When it rains, it pours. These aren’t the drops that seem to drench New York City nearly every afternoon...

Knotel owes more than $1.6M in unpaid rent: Landlords
(Sarva by Sasha Maslov)

Knotel seeks to raise $100M in a serious down round

Knotel is reportedly trying to raise $100 million in funding in a round that would significantly lower its valuation,...

Knotel seeks to raise $100M in a serious down round
From left: MetaProp’s Aaron Block, Domio’s Jay Roberts, Homelight’s Drew Uher, FrontDesk’s Jesse DePinto, Serendipity Labs’s John Arenas and Knotel’s Amol Sarva (Linkedin, iStock, Sarva by Sasha Maslov)

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 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
Knotel CEO Amol Sarva with 40 Exchange Place, 61 Broadway and 5-9 Union Square West (Credit: Sarva by Sasha Maslov)

“Clamping down on any and all payments”: Knotel misses rent as financial issues mount

 Flexible-office company Knotel has reportedly stopped paying rent at several of its New York locations as it struggles with...

“Clamping down on any and all payments”: Knotel misses rent as financial issues mount
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