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§ Private Profile · Jakarta, Jakarta Raya, Indonesia
Coworking space provider offering private offices, shared desks, and co-living apartments for entrepreneurs and small companies in Indonesia.
CoHive is a coworking space provider based in Jakarta, Indonesia, originally established in 2015 as EV Hive by East Ventures before being rebranded and led by founders Jason Lee, Carlson Lau, and Ethan Choi. The company offers private offices, shared desks, meeting rooms, and coliving apartments to regional entrepreneurs through a flexible monthly subscription model. Catering to growing startups and small enterprises across major Indonesian hubs like Medan and Surabaya, the organization expanded its footprint to manage over 66,000 square meters of commercial workspace across 30 locations. At its operational peak, this extensive workspace network served over 5,500 member companies and supported a community of more than 9,000 individual members. Before ultimately filing for bankruptcy, the enterprise generated 17,500,000 dollars in reported revenue and secured 13,500,000 dollars in Series B funding from lead investor East Ventures.
CoHive has raised $37.5M across 3 funding rounds.
CoHive has raised $37.5M in total across 3 funding rounds.
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 | Status |
|---|---|---|---|---|
| Jun 19, 2019 | $13.5M Series B | Stonebridge Ventures | — | Announced |
| Jun 1, 2018 | $20M 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 | Announced |
| Sep 1, 2017 | $4M Seed | — | Insignia Ventures Partners | Announced |
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.