Letswork, a subscription service and marketplace for on-demand workspaces, raises $2.1 million in a seed round. The round witnessed participation from 500 Global, The Space, DTEC Ventures, and other notable angel investors.
“Saudi Arabia is the largest market in the Middle East and Riyadh is one of the first markets where Dubai-based companies expand into, hence many of our existing corporate clients were requesting the ability to use Letswork there,” Hamza Khan, co-founder and CEO of Letswork, said.
The startup is also soft launching in Saudi Arabia, bringing the total number of markets it operates in to five, along with Portugal, Spain, and Bahrain.
Letswork was founded in 2019 by Omar Almheiri and Hamza Khan and offers its app directly to consumers, as well as companies that operate on a hybrid or remote model. The Letswork Pass, is a subscription that gives them access to a distributed network of workspaces at coworking spaces, hotels, and cafés.
The startup plans to use the funds to widen its SaaS offering to venues, recruit talent and expand its workspace network over the next 12 months.
The PropTech startup acquires Krow its Portugal-based competitor earlier this year as its first step of expansion into Europe.
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