Co-working Space MyDreamPlus Raises USD 120 Mln Series C Funding
iFeng, 8/13/18
Co-working space brand Mydream Plus (Mydream+) recently announced completion of USD 120 mln Series C funding led by Hillhouse Capital Management and General Atlantic with participation by prior-round investors Joy Capital, Ocean Link, M31 Capital, and China Renaissance K2 Ventures (K2VC). The funding round sets a new single-round financing record in China's co-working office space and services industry, and Mydream+ is also the only brand in the industry to complete Series C funding to date.
Mydream+ currently operates nearly 40 co-working offices with approximately 300,000 square meters of total floor space in central business districts in cities including Beijing, Chengdu, Shanghai, Hangzhou, and Xi'an. Its open office spaces are at the mature operations stage, typically have occupancy rates above 95%, and have achieved project profitability. The company continues to grow rapidly and maintain healthy earnings.
Editor's Note: For more background on MyDreamPlus, please see
Co-working Space MyDreamPlus Raises RMB 300 Mln Series B Funding, MD 03/27/18 issue.
Keywords: VC Internet funding General Atlantic Series C Hillhouse Capital China Renaissance K2 Ventures Joy Capital MyDreamPlus Ocean Link co-working space M31 Capital