JustCo Management Pte. Ltd.
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JustCo Management Pte. Ltd. - overview
Established
2011
Location
Singapore, -, Singapore
Primary Industry
Commercial Property
About
JustCo Management Pte. Ltd. is a leading provider of flexible coworking spaces, offering tailored office solutions designed to enhance productivity and collaboration in vibrant environments across the Asia-Pacific region. Founded in 2011, JustCo Management Pte.
Ltd. operates as a premium coworking space provider headquartered in Singapore. The company specializes in flexible office solutions and has expanded significantly since its inception. The founders, Lu Liu and Wan Kong, aimed to create collaborative workspaces that cater to businesses of all sizes.
JustCo has successfully closed 6 deals to date, with the most recent funding round occurring in December 2023. This round raised USD 74. 00 mn from Daito Trust Construction, representing the total amount raised by the company. JustCo provides premium coworking and office space solutions across Singapore, Australia, Japan, South Korea, and Taiwan.
Their offerings include fully furnished private offices, flexible hot desks, enterprise office solutions, and meeting rooms, catering to a diverse clientele from startups to established corporations. JustCo's workspaces are designed for teams of varying sizes, featuring modern amenities such as high-speed internet, ergonomic furniture, and access to event spaces. The company supports businesses in adopting hybrid work models, ensuring flexible workspace solutions for enhanced efficiency. In the most recent year, 2023, JustCo reported a revenue of USD 113.
77 mn and an EBITDA of USD 64. 54 mn. The company employs a structured pricing model, with flexible hot desk options starting at USD 8 per day and private office spaces available from USD 500 per month, allowing clients to scale services according to their business needs. JustCo plans to leverage its recent funding of USD 74.
00 mn to enhance its service offerings and expand into new geographic markets, particularly targeting growth in Southeast Asia and beyond. This strategy includes the development of new products tailored to hybrid work environments, which are anticipated to be launched in the upcoming years. The company continues to focus on optimizing its workspace solutions to meet the evolving demands of businesses in various industries.
Current Investors
Daito Trust Construction, Tikehau Capital, Daito Trust Construction
Primary Industry
Commercial Property
Sub Industries
Commercial Property
Website
www.justcoglobal.com/
Verticals
Real Estate Tech
Total Amount Raised
Subscriber access only
JustCo Management Pte. Ltd. - timeline of key events
JustCo Management Pte. Ltd. - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 913,296 | 40,304,000 | 64,808,000 | 79,353,000 | 99,022,000 | - | - | - |
| % Revenue Growth (YoY) | - | 4313.0% | 60.8% | 22.4% | 24.8% | - | - | - |
| EBITDA (USD) | (8,169,437) | 17,428,000 | 40,151,000 | 31,739,000 | 47,790,000 | - | - | - |
| Operating Income (USD) | (8,441,542) | (16,491,000) | (18,510,000) | (35,707,000) | (15,953,000) | - | - | - |
| Operating Margin | (924.3%) | (40.9%) | (28.6%) | (45.0%) | (16.1%) | - | - | - |
| % EBITDA Margin | (894.5%) | 43.2% | 62.0% | 40.0% | 48.3% | - | - | - |
| NET Income (USD) | (8,650,006) | (31,167,000) | (38,729,000) | (55,505,000) | (34,188,000) | - | - | - |
| % Net Margin | (947.1%) | (77.3%) | (59.8%) | (69.9%) | (34.5%) | - | - | - |
JustCo Management Pte. Ltd. - employee data
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