Coworking Europe shares that French coworking marketplace Worklib have acquired local competitor OfficeRiders, it’s third strategic acquisition following Neo-nomade and Deskalot in 2023. Worklib is projecting €10M in revenue by the end of 2025, is profitable in France and is investing aggressively in international growth.

The move brings 4k not-so-coworking spaces (think apartments, lofts, artist studios) into the network that now spans 50k workspaces across 4000 cities. The aggregator acquisition spree continues.

Coworking Europe share that aSpace have reported a 20% increase in revenue in 2024, reaching €1.59 million compared to €1.23 million in 2023. According to a press release, the firm is forecasting a 30% revenue growth in 2025, aiming to approach €1.9 million.

Digging deeper the firm reported 400 active contracts, 1/3 of whom have been with them for over 2 years, and that they’ve doubled the number of locations under management to 6.

Coworking Europe reports that the VC firm backing South Korea’s largest coworking operator FastFive is seeking to exit their investment following its ongoing IPO postponement.

ICYMI: The firm was founded in 2015, operates 53 locations, mostly in/around Seoul, and raised around €10M (at a €26M valuation) in 2017. Leveraging that investment they scaled rapidly and hit a valuation of almost 10x that (€220M) by 2020, with plans for an imminent IPO.

The investor (TS Investment) is looking to exit their 8% position, and it should be noted that FastFive is still missing profitability, showing a €3.3M loss last year. I’m sensing we may be a taker here, especially as we enter the year of the coworking rollup.

Coworking Europe reports on how Hygge are transforming one of Pragues’ most iconic night clubs, Radost FX, into a coworking space. This club, joins other legendary clubs like the Ministry of Sound in becoming vibey workspaces and communities.

What is Radost FX? That’s the club where Rihanna recorded her music video for "Don’t stop the music" – which in other news was released 15 frigging years ago. And yes, I think I’m aging myself with that reference.

Thom Wernke from Netherlands-based StartDock shares his top five takeaways from the Coworking Europe 2024 conference.