Get All Access for $5/mo

Dubai-Based Proptech Startup Letswork Expands Into Europe By Acquiring Portugal-Based Competitor, Krow Founded in 2019 by Omar Almheiri and Hamza Khan, Letswork enables users to work from a network of coworking spaces, hotels and cafes across the globe via a single membership.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Letswork
Omar Almheiri and Hamza Khan, co-founders, Letswork

Letswork, a Dubai-based proptech startup, has expanded into Europe by acquiring its Portugal-based competitor Krow. The financial details of the deal have not been disclosed.

Founded in 2019 by Omar Almheiri and Hamza Khan, Letswork enables users to work from a network of co-working spaces, hotels, and cafes across the globe via a single membership. It has partnered with over 150 spaces across the UAE and Bahrain, with over 30,000 members from freelancers to remote working corporations.

Letswork aims to add as many as 1,000 spaces across its network by the end of 2022. As part of the deal with Krow, Paulo Palha and Joana Balaguer, co-founders of Krow, will join Letswork as country managers for Spain and Portugal respectively.

Image courtesy: Letswork Portugal.

"As remote working becomes a permanent part of people's lives, Letswork has been successful in building a loyal customer base in the UAE," said Hamza Khan, co-founder and CEO of Letswork. "We can't wait to replicate this success in new markets under the leadership of Paulo and Joana."

"Being one of the first Emirati-founded tech startups to expand globally is a major milestone," added Omar Almheiri, co-founder and CTO of Letswork.

Letswork recently raised an undisclosed sum from Silicon Valley-based 500 Global, Saudi Arabia-based Sanabil Investments and other angel investors. It was also one of three startups to launch out of Emaar Properties' E25 entrepreneurship program. The company counts Hilton, Marriott, Accor and Emaar Hospitality Group, as its clients amongst others.

Related: As Remote Working Becomes The Norm, Dubai-Based Letswork Aims To Offer Go-To Workspaces Outside The Office

Entrepreneurs

Double-Edged Sword: Why Burnout Is Both A Curse And A Catalyst In The Creative Industry.

In small doses, burnout can be a creative accelerant. Like a muscle pushed to its limit in the gym, brief bursts of high intensity can push us to break new barriers.

Entrepreneurs

Forty Years And Counting: Servcorp's Long-Serving CEO Alfred George Moufarrige

How Australia-born Lebanese Alfred George Moufarrige invented the concept of serviced offices.

Growth Strategies

Building Momentum: One Year Since the COP28 Concluded, Here's How the Event Has Impacted the UAE's Private Sector

Insights from L'Oréal Middle East, Accenture Middle East, Chalhoub Group, Radisson Hotel Group, Replate, E2D Food, and Fuelre4m.

Growth Strategies

Dubai's Commitment to a Net Zero Carbon Future by 2050 is Well on its Way, According to a New Report Powered by Dubai Electricity and Water Authority (DEWA)

Dubai is setting out to become a city with the lowest carbon footprint in the world by 2050, and heavy investments in renewables are paving the way. The new report is packed with data on Dubai's strategies, initiatives, and mega-projects that are propelling the emirate to a net zero future.

News and Trends

Ras Al Khaimah: Rooted In Trade, And Ready For The Future

Free zones or economic zones such as Ras Al Khaimah Economic Zone (RAKEZ) have played an important role in creating this diverse economy, leading to an influx of international residents and billions of dollars in new investment.

Growing a Business

Hyper-Growing Fashion Brand Herschel Supply Has Turned Away 500 Investors

This year, its founders expect to sell 6 million units -- up from 8,000 in 2011.