Booqed, a Hong Kong-based platform for reserving short-term work areas, introduced right this moment that it has raised $1.675 million in seed funding. Members included Colliers Worldwide, the industrial real-estate administration firm, Techstars and Lazard Korea.

The corporate participated in Proptech Accelerator, the Toronto-based accelerator program for property and actual property startups run by Colliers and Techstars, in 2018.

Launched in September 2016, Booqed at present has 1,600 listings for areas in Hong Kong, Shenzhen and Singapore. It’ll use its seed spherical on product roll-outs, advertising and hiring. The platform differentiates from co-working areas and firms like WeWork as a result of its stock consists of underused areas in current industrial properties, giving property homeowners and managers to option to generate income as a substitute of letting them sit empty.

Reserving occasions might be as brief as an hour or so long as a number of months, and listings embody workplaces and assembly rooms, occasion areas, retail shops and studios. A lot of the startup’s prospects are company shoppers that must e book venues or work areas for touring staff.

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