Workland Estonia OÜ
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Workland Estonia OÜ - overview
Established
2016
Location
Tallinn, -, Estonia
Primary Industry
Commercial Property
About
Founded in 2016 by Indrek Hääl, and based in Tallinn, Estonia, Workland Estonia OÜ operates as a provider of fully serviced centres for coworking spaces. In July 2021, BaltCap acquired Workland Estonia OÜ. As of 2023, the company operates in locations like the Baltics - Vilnius, Kaunas, Riga, Tallinn, and Helsinki. Workland offers private office space with amenities like internet, staffed reception, a support team, fully equipped kitchens, common areas, a lounge, daily cleaning, security, networking possibilities, office supplies, a shower, an office library, fully furnished workspaces, private phone booths, and many more add-ons.
The company offers short-term and long-term options for individuals who are in need of workspace, a virtual office, and meeting rooms.
Current Investors
BaltCap
Primary Industry
Commercial Property
Sub Industries
Facilities & Maintenance Services, Commercial Property
Website
www.wrkland.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Workland Estonia OÜ - timeline of key events
Workland Estonia OÜ - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 6,918 | 194,226 | 374,701 | 325,415 | 3,147,566 | 4,008,145 | - | - | - |
| % Revenue Growth (YoY) | - | 2707.5% | 92.9% | (13.2%) | 867.2% | 27.3% | - | - | - |
| EBITDA (USD) | (61,578) | (112,205) | (503) | (92,693) | (523,540) | 188,612 | - | - | - |
| Operating Income (USD) | (64,611) | (133,517) | (22,818) | (118,267) | (1,377,995) | (506,999) | - | - | - |
| Operating Margin | (934.0%) | (68.7%) | (6.1%) | (36.3%) | (43.8%) | (12.6%) | - | - | - |
| % EBITDA Margin | (890.1%) | (57.8%) | (0.1%) | (28.5%) | (16.6%) | 4.7% | - | - | - |
| NET Income (USD) | (65,208) | (141,936) | (48,492) | (155,303) | (1,568,986) | (523,938) | - | - | - |
| % Net Margin | (942.6%) | (73.1%) | (12.9%) | (47.7%) | (49.8%) | (13.1%) | - | - | - |
Workland Estonia OÜ - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out | Completed | Workery+ operations in Esplanadi, Keilaniemi, and Teurastamo | - | ||||||||
| Add-on | Completed | UMA centers in Tallinn | - | ||||||||
| Add-on | Completed | UMA centers in Vilnius | - | ||||||||
| Buyout | Completed | Workland Estonia OÜ | - |
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Workland Estonia OÜ - employee data
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