Singaporean co-working space operators Found, formerly Impact Hub Singapore, and Collision 8 announced a combination that will rebrand the combined entity as Found8.
The merger, which brings together 20 million Singaporean dollar ($14.7 million) of growth investment, includes five locations covering over 74,000 square feet in Singapore, and another 22,000 square feet of space in Kuala Lumpur, Malaysia.
Found8 will also grow its corporate innovation arm, which helps large businesses develop new revenue drivers and internal transformation via collaborations with startups. The expansion has garnered investment support from Kejora Investments and Malaysian Resources Corp. BHD.
Found8 signifies the strengthening of its commitment to building supportive environments that create change, advance communities and accelerate growth.