# Knotel: Chapter 11 filing followed by a business sale

Knotel, Inc. · United States · Flexible offices

Evidence reviewed Oct 26, 2026. Historical event record.

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.

## Historical private valuation

>$1bn · Aug 21, 2019

Reported lower bound following the $400m financing announced in August 2019; Bisnow reported a valuation above $1bn. Exact private financing terms were not published.

[Bisnow](https://www.bisnow.com/national/news/office/knotel-unicorn-1b-valuation-400m-investment-wafra-100463)

## Documented event

Chapter 11 filing followed by a business sale · Jan 31, 2021

No transaction price shown. Voluntary Chapter 11 petitions by Knotel and specified U.S. subsidiaries. The announced financing was debtor-in-possession funding, not a company valuation.

[Knotel via PR Newswire](https://www.prnewswire.com/news-releases/knotel-announces-path-forward-to-rightsize-business-301218580.html)

## What changed

The filing covered Knotel and specified U.S. subsidiaries. Its international operations were excluded from the filing. This records an insolvency process and business sale, rather than the permanent closure of the Knotel brand.

## Timeline

### Aug 21, 2019 — Private financing benchmark

The financing announcement placed the company above the $1bn threshold in contemporary reporting.

[Bisnow](https://www.bisnow.com/national/news/office/knotel-unicorn-1b-valuation-400m-investment-wafra-100463)

### Jan 31, 2021 — U.S. Chapter 11 petitions

Knotel announced court protection for the company and U.S. subsidiaries while seeking a sale; international operations were excluded.

[Knotel via PR Newswire](https://www.prnewswire.com/news-releases/knotel-announces-path-forward-to-rightsize-business-301218580.html)

### Mar 24, 2021 — Newmark acquired the business

Newmark's quarterly results confirm completion through a bankruptcy auction and appointment of new leadership.

[Newmark Group](https://eussa01corpweb.blob.core.windows.net/nmrkweb/uploads/documents/NMRK-1Q21-EPR-vF.pdf)

## Sources

- [The Next Flex Office Unicorn: Knotel Cracks $1B Valuation With New Funding Round](https://www.bisnow.com/national/news/office/knotel-unicorn-1b-valuation-400m-investment-wafra-100463) — Bisnow; published Aug 21, 2019; accessed Oct 26, 2026; financial reporting.

- [Knotel Announces Path Forward to Rightsize Business](https://www.prnewswire.com/news-releases/knotel-announces-path-forward-to-rightsize-business-301218580.html) — Knotel via PR Newswire; published Jan 31, 2021; accessed Oct 26, 2026; primary source.

- [First Quarter 2021 Financial Results](https://eussa01corpweb.blob.core.windows.net/nmrkweb/uploads/documents/NMRK-1Q21-EPR-vF.pdf) — Newmark Group; published May 6, 2021; accessed Oct 26, 2026; primary source.

Logo: [Knotel logo source](https://knotel.com). Company trademark rights remain.

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