Mixpace

About Mixpace

In 2015, the co-working scene in China was heating up, and a new player, Mixpace, entered the arena. Founded in Shanghai by Yintao Feng, the company aimed to provide managed co-working spaces. It wasn't just about desks and Wi-Fi; Mixpace focused on creating a smart office system with intelligent services like access control, printing, and other AI-based applications. The goal was to offer businesses flexible office solutions packed with modern technology. The company showed early promise. In August 2016, Mixpace secured $15 million in a Series A funding round. This initial capital injection allowed them to build out their vision. A more significant event followed on March 29, 2018, when the company raised $63.6 million in a Series B round with investors including Triumph Capital and Zhongnan Group. This substantial funding positioned Mixpace as a serious competitor in a crowded market that included giants like WeWork. However, the company's trajectory took a turn. Despite the significant funding and ambitious technology-driven approach, Mixpace ultimately ceased operations. In April 2021, the once-promising venture was officially out of business, marking the end of its journey in the competitive real estate technology sector.