Co-working operators Found and Collision 8 merge

Two local co-working operators, Found and Collision 8, have merged to form a new co-working operator called Found8. The new company comprises five locations covering 74,000 sq ft in Singapore as well as an upcoming space in Kuala Lumpur. Found8 also has more than 1,000 members.

The merger brings together Grace Sai and Michelle Yong, who founded Found and Collision 8 respectively. They are now co-CEOs of Found8.

Michelle Yong (centre, in blue) and Grace Sai (centre, in white) are co-CEOs in Found8.

Sai will focus on corporate innovation, while Yong will focus on regional expansion and customer experience. “Our philosophy has always been that collaboration is better than competition,” says Sai.

Adds Yong: “Our community is collaborative and dedicated to driving business growth, collectively. The best part of this merger is that my biggest competitor is now my partner.”

The interior in Found's co-working space on Amoy Street (Credit: Found8)

In Malaysia, Found8 will open a new 22,000 sq ft space inside the Kuala Lumpur Sentral Station. The expansion has garnered investment support from Kejora Investments and Malaysian Resources Corp Bhd. Found8 will also bring more funding opportunities to its members through its associated funds like Found Ventures, Aurum Investments and its Investor-in-Residence partners which include some of the region’s top VC funds.

See Also:

• Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools

• Knight Frank appoints new Head of Residential for international project marketing

• WeWork rebrands to The We Company, moves beyond space provision

• Frasers Property reports 76% rise in 1Q earnings to $146 mil

• Perennial posts 42% fall in 4Q earnings to $16 mil; dividend drops 60% to 0.4 cent per share

• En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc

• HDB Resale Flats Up For Sale, Affordable Units Available