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CoHive is a technology company.
CoHive constructs and manages a network of flexible workspace solutions across Indonesia, encompassing coworking areas, private offices, and dedicated event venues. The company's operational model emphasizes creating environments that integrate essential services and foster a sense of community, designed to enhance collaboration, drive innovation, and boost productivity for its members.
The company was founded in 2015 by Jason Lee, Ethan Choi, and Carlson Lau, initially operating as EV Hive. This initiative emerged from seed-stage venture capital firm East Ventures, born from an astute observation of Indonesia’s accelerating startup ecosystem. The founders recognized a significant and unmet demand for adaptable, community-centric, and professional work environments to support this rapid growth.
CoHive caters to a broad spectrum of clients, ranging from independent professionals and freelancers to small and medium-sized enterprises. It provides tailored spaces that align with their evolving operational needs. The company's long-term vision centers on humanizing the work experience within dynamic urban settings, aiming to cultivate environments that continuously inspire and propel future growth for its diverse community of users.
CoHive has raised $37.5M across 3 funding rounds.
CoHive has raised $37.5M in total across 3 funding rounds.
CoHive has raised $37.5M in total across 3 funding rounds.
CoHive's investors include Stonebridge Ventures, SoftBank Ventures Asia, Insignia Ventures Partners, Christopher Angkasa, Michael Widjaja, East Ventures, H&CK Partners, Intudo Ventures, LINE Ventures, Naver, Sinar Mas Land, SMDV.
CoHive is a technology company primarily operating as a workspace solutions provider in Indonesia. It offers flexible coworking spaces and office solutions designed to serve startups, freelancers, SMEs, and corporate clients. By providing scalable, technology-enabled work environments, CoHive addresses the problem of limited affordable and flexible office space in fast-growing urban markets. The company has demonstrated significant growth momentum, operating over 32,000 square meters of workspace across 22 locations in Jakarta and Medan, and supporting a community of more than 5,500 members[6].
CoHive was founded to capitalize on the rising demand for flexible workspaces in Indonesia’s burgeoning startup and SME ecosystem. The founders, recognizing the challenges faced by entrepreneurs and businesses in securing affordable, well-equipped office space, developed CoHive as a solution to foster collaboration and innovation. Early traction came from rapid community growth and expansion into multiple locations, establishing CoHive as a key player in Indonesia’s coworking market[6].
CoHive rides the global trend of flexible workspaces driven by digital transformation, remote work, and the gig economy. The timing is favorable as Indonesia’s startup ecosystem and SME sector expand rapidly, increasing demand for adaptable office solutions. Market forces such as urbanization, rising entrepreneurship, and corporate shifts toward hybrid work models support CoHive’s growth. By enabling startups and SMEs with affordable, scalable work environments, CoHive influences Indonesia’s broader tech ecosystem by facilitating innovation, collaboration, and business scaling[6].
Looking ahead, CoHive is well-positioned to expand further within Indonesia and potentially into other Southeast Asian markets, leveraging its strong community and technology platform. Trends such as hybrid work, digital nomadism, and increasing startup activity will shape its journey. Its influence may evolve from a workspace provider to a broader innovation hub, integrating more services like startup acceleration, corporate partnerships, and digital tools to deepen its ecosystem impact.
CoHive’s growth trajectory and community-centric model underscore its role as a critical enabler of Indonesia’s tech and entrepreneurial landscape, making it a company to watch in the evolving workspace and startup support sector[6].
CoHive has raised $37.5M across 3 funding rounds. Most recently, it raised $13.5M Series B in June 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 19, 2019 | $13.5M Series B | Stonebridge Ventures | |
| Jun 1, 2018 | $20.0M Series A | SoftBank Ventures Asia | Insignia Ventures Partners, Christopher Angkasa, Michael Widjaja, East Ventures, H&CK Partners, Intudo Ventures, LINE Ventures, Naver, Sinar Mas Land, SMDV, STIC Investments, Tigris Investment |
| Sep 1, 2017 | $4.0M Seed | Insignia Ventures Partners |