The new funding round was led by 500 Startups, an $85 million fund based in Mountain View, California and participated by both 500 Durians, the $15 million Southeast Asia micro-fund and 500 Tuk Tuks Thailand $10 million micro-fund, Singapore-based venture capital firm Golden Gate Ventures, Thailandbased $12.7 million venture fund Ardent Capital and superstar c ast of tech angels such as Ittipat Peeradechapan, CEO of Taokaenoi Food & Marketing PCL., Jakob Lykkegaard Pedersen, CEO of Playlab, Piyaphan Wongyara, CEO of Stock2morrow, Teerachart Kortrakul, CEO of SiamSquared Technologies (Thailand), Tiwa York, CEO of Kaidee.com, Yod Chinsupakul, CEO of Wongnai Media, Vachara Aemavat, CEO of Computerlogy. Ruangroj ‘Krating’ Poonpol, Venture Partner at 500 Tuk Tuks will join the Board of Director.

HUBBA started in 2012 and is based in Bangkok Thailand. The company has a presence in over 7 locations, with minority investments in coworking spaces in Chiang Mai, Thailand (Punspace) and Vientiane, Laos (TOH LAO) and partnership agreements with spaces such as Cluster Office and most recently new project named Node, the automated office that fulfill needs in technology for business starters. HUBBA is aiming to launch Node as prototype for alternative offices which would enhance efficiency of businesses and reduce the unnecessary expense that related to rental cost. HUBBA also entered into a joint venture with Sansiri, Thailand’s top prope rty development company to launch HUBBA -TO, Thailand’s biggest artisan co-creation community.

While HUBBA is looking to expand to more parts of Bangkok and eventually every major city in Thailand, it is not holding off on international expansion opportunities should it find the right deal and partner. HUBBA allows individual or team of entrepreneurs, tech startups or freelancers to cowork in the same space alongside more established startups and even teams within larger corporations. It’s main differentiating feature which has made it the leader in the Thai coworking space industry is the team’s high-touch commitment to creating an authentic collaborative and community spirit in its coworking space, the highest level of quality of workshops and conferences that over 10,000 attendees to it’s events, and it’s deep involvement in building the Thai startup community since 2012.

While HUBBA wasn’t actively seeking corporate partners and investors, the company has kept getting increasingly attractive offers from potential real estate partners eager to deploy funds in the
coworking space startup. It expects to raise a full Series A round later in early 2016.