{"id":1414,"date":"2024-10-24T06:23:28","date_gmt":"2024-10-24T06:23:28","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=1414"},"modified":"2025-01-14T15:46:00","modified_gmt":"2025-01-14T15:46:00","slug":"lahore-based-coworking-platform-colabs-raises-2-million-in-pre-series-a","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=1414","title":{"rendered":"Lahore-Based Coworking Platform COLABS Raises $2 Million in Pre-Series A, Eyes Saudi Expansion"},"content":{"rendered":"\r\n

Lahore-based coworking platform COLABS<\/a> has raised $2 million in a pre-Series A funding round led by UAE’s Shorooq Partners<\/a>, with participation from Saudi Arabia\u2019s Waad Investment<\/a>. This latest investment brings COLABS\u2019 total funding to over $5 million, with previous rounds backed by prominent investors like Indus Valley Capital, Zayn Capital, and Fatima Gobi Ventures.<\/p>\r\n\r\n\r\n\r\n

Founded in 2019, COLABS has rapidly grown into one of Pakistan\u2019s leading coworking platforms, boasting 5,000 seats across 10 locations and a team of over 300 employees. The company has experienced a fivefold increase in revenue and has been profitable since 2023, with its existing locations reporting strong margins of 40-50%.<\/p>\r\n\r\n\r\n\r\n

The newly raised funds will be used to support COLABS\u2019 international expansion plans, including the launch of a new campus in Saudi Arabia. CEO Omar Shah highlighted Saudi Arabia’s Vision 2030 as a significant driver for their growth strategy, citing the kingdom\u2019s increasing interest in venture capital and the broader potential for innovative workspaces.<\/p>\r\n\r\n\r\n\r\n

“Saudi Arabia presents an exciting opportunity for us,” said Shah. “We are gearing up for a Series A round next year as we aim to play a key role in the country\u2019s evolving business landscape.”<\/p>\r\n\r\n\r\n\r\n

COLABS is notably the only Pakistani coworking platform to have secured venture capital funding post-WeWork\u2019s collapse. The company has attracted top-tier investors, positioning itself as a strong player in the region’s coworking sector. In addition to its expansion plans, COLABS partners with major organizations such as Google Cloud and the Pakistan Air Force, managing a 1,000-seat facility for aerospace companies.<\/p>\r\n\r\n\r\n\r\n

With this fresh funding and a clear growth trajectory, COLABS is well-positioned to become a regional leader in the coworking space as it prepares for its next phase of scaling.<\/p>\r\n","protected":false},"excerpt":{"rendered":"

Lahore-based coworking platform COLABS has raised $2 million in a pre-Series A funding round led by UAE’s Shorooq Partners, with participation from Saudi Arabia’s Waad Investment. This latest investment brings COLABS’ total funding to over $5 million, with previous rounds backed by prominent investors like Indus Valley Capital, Zayn Capital, and Fatima Gobi Ventures. Founded […]<\/p>\n","protected":false},"author":1,"featured_media":1415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1],"tags":[367,865,402,610,14,611,864],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t