WeWork Competitor Knotel Pushes For Blockchain With 42Floors Acquisition

WeWork competitor Knotel announced Monday its acquisition of commercial real estate search engine 42Floors.

Knotel, a flexible office provider for larger, more established companies, was founded in 2016 but has snapped up more than one million square feet of office space to build into more than 60 locations since. The acquisition will give Knotel access to data on 10 billion square feet of office space, according to a Knotel press release, and will further the firm’s plans for a blockchain platform named Baya.

The news follows Knotel’s June acquisition of German workspace operator Ahoy!Berlin, which reflected the company’s push into the European market in London and Berlin.