East Ventures on Instagram: "We started to build EV Hive in June 2015 as a place for our founders to gather and community event. Soon after that, we realized that this project actually similar to a business model called co-working space, and decided to continue the project. We received extraordinary responses to that project. . In just 4 years, it has expanded from a single location at The Maja to 31 locations in four cities -- Jakarta, Medan, Yogyakarta, and Bali. It currently has around 9,000 members from 800 paying companies. . Yesterday, it officially rebranded to @cohivespace as part of the strategy to diversify its business. In addition to its co-working space and event space business, it also adds new services for living spaces (CoLiving) and retailers (CoRetail). . CoHive is the first startup in Indonesia who offers a fully operated co-living space. The maiden property, Tower Crest West Vista in West Jakarta, has 64 rooms across a total 2,800-sqm living space. The first phase of offers sees the building 90% occupied. . In the same occasion, CoHive also announced that it has raised US$13.5 million in new funding. With the fresh fund, it plans to open new co-working space locations in Jakarta, and other cities such as Surabaya, Bandung, and Makassar. . Link: bit.ly/EVcohivefunding . #eastventures #startup #venturecapital"