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Co-working space start-up JustCo gets $101 mil investment from Japan's Daito Trust

PC Lee
PC Lee11/28/2019 02:42 PM GMT+08  • 1 min read
Co-working space start-up JustCo gets $101 mil investment from Japan's Daito Trust
(Nov 28): JustCo Holdings, the Singapore-based co-working space start-up, is getting some US$50 million ($68.3 million) in investments from Daito Trust Construction Co, the Japan-listed building and property firm.
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(Nov 28): JustCo Holdings, the Singapore-based co-working space start-up, is getting some US$50 million ($68.3 million) in investments from Daito Trust Construction Co, the Japan-listed building and property firm.

In addition, Daito Trust will invest up to an additional JPY 2.65 billion ($33.1 million) to form a new Japan joint venture with JustCo to build and operate flexible workspace business in Japan which is seeing fast-growing demand in key cities such as Tokyo.

The JV called JustCo DK (Japan) Co will be 51% owned by Daito Trust and 49% owned by JustCo.

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