Altss Research / Venture case 26
Knotel
Knotel entered Chapter 11 in January 2021. Newmark acquired the flexible-office business through the bankruptcy process in March, allowing the business to continue under new ownership.
Altss Research · Evidence reviewed · Historical event record
Historical private valuation
>$1bnReported lower bound following the $400m financing announced in August 2019; Bisnow reported a valuation above $1bn. Exact private financing terms were not published.
Bankruptcy / insolvency
No sale priceChapter 11 filing followed by a business sale. Voluntary Chapter 11 petitions by Knotel and specified U.S. subsidiaries. The announced financing was debtor-in-possession funding, not a company valuation.
These figures have different valuation bases and dates. Their difference is not a measure of investor losses. Methodology ↗
The documented timeline
Private financing benchmark
The financing announcement placed the company above the $1bn threshold in contemporary reporting.
U.S. Chapter 11 petitions
Knotel announced court protection for the company and U.S. subsidiaries while seeking a sale; international operations were excluded.
Newmark acquired the business
Newmark's quarterly results confirm completion through a bankruptcy auction and appointment of new leadership.
Source documents
Publication and access dates identify the evidence used for this case.
Bisnow · Financial reporting · Published Aug 21, 2019 · Accessed Oct 26, 2026
Knotel via PR Newswire · Primary source · Published Jan 31, 2021 · Accessed Oct 26, 2026
Newmark Group · Primary source · Published May 6, 2021 · Accessed Oct 26, 2026
Logo: Knotel logo source. Company trademark rights remain.