cowork
- Company typePrivate
- Founded2011
- HeadquartersAachen, Germany
- Headcount11–50
- GTM typeB2B
- OfferingServices
cowork firmographics
Firmographics- Name
- cowork
- Legal name
- cowork AG
- Website
- https://cowork.de
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Where cowork is headquartered
LocationHeadquarters
- HQ city
- Aachen
- HQ country
- Germany
- HQ region
- Europe
Offices2 records
Markets served
cowork business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Coworking Space Franchise: Franchise fees from worqs Coworking brand franchise partners. Franchise system enables rapid rollout of standardized Coworking spaces with established processes, marketing, and brand support.
- Space Planning and Consulting: Consulting services for Coworking space development including location analysis, profitability calculations, space concept development, and implementation support from planning through operations.
- Space Operations Management: Ongoing operational management of Coworking spaces as finished products delivered to partners, via service contracts, or joint ventures.
- Coworking Space Rental: Direct rental revenue from Coworking spaces operated under worqs and GESOWORX brands, including flexible desks, fixed desks, private offices, meeting rooms, virtual offices, and postal addresses.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Various workspace options including hot desks, fixed desks, private offices, meeting rooms, virtual offices |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
cowork product offering
Product offeringCore offering
cowork AG develops and operates coworking spaces, providing location scouting, real estate development, and modular workspace solutions through its worqs brand. The company delivers end-to-end services including space planning, rollout, franchise operations, and ongoing management for municipalities, property owners, and coworking operators across Germany, operating approximately 30 locations serving 1,000+ users.
Product overview
cowork AG operates as a Coworking Space development and operations specialist offering both branded products and services. The core product portfolio includes: (1) worqs Coworking & Flex Office - the main scalable Coworking brand offering modular concepts with setup, operations, and knowledge transfer via a proprietary platform; (2) GESOWORX - a residential-hybrid Coworking concept developed with GESOBAU AG combining living and working spaces; (3) Coworking as a Product - enabling third parties to implement Coworking Spaces; and (4) comprehensive services including consulting, franchise, space planning/rollout, and PopUp Coworking solutions. The worqs platform enables software-controlled processes (digital door opening, lockers, building management) integrated via API with property management software.
Differentiator
Problem solved
Functional benefit
Brands
- worqs Coworking & Flex Office: The modular Coworking concept brand offering efficient and economical Coworking Space solutions for municipalities, project developers, and operators, with up to 75% cost savings and 5x faster rollout compared to individual development.
- GESOWORX
Products and services
- worqs Coworking & Flex Office The modular coworking concept brand of cowork AG offering efficient and economical coworking and flex office solutions. Includes space setup, operations, and internal knowledge transfer via the worqs platform as a standardized offering for municipalities, project developers, and operators, supporting up to 75% cost savings and 5x faster rollout.
- GESOWORX Coworking Spaces A coworking concept developed with GESOBAU AG that combines residential housing with commercial spaces and fully equipped modern coworking facilities, enabling living and working under one roof. Based on the worqs building block concept, it targets urban workers seeking to reduce commuting.
- Coworking as a Product A service enabling clients to implement coworking spaces using the worqs concept. The company handles conceptualization, rollout, and either hands over the completed space or manages ongoing operations through service contracts or joint ventures.
- Consulting Services Advisory services for coworking space operators, property owners, public sector entities, and project developers. Covers consulting, modular advisory, decision-making workshops for politics and business, rollout support, and ongoing operations management.
- worqs Franchise System A franchise system for entrepreneurs providing an optimal entry point into coworking space ownership under the worqs brand. Existing coworking spaces can be implemented into the worqs network with standardized concept, processes, marketing, and brand support.
- Space Planning and Rollout Comprehensive services including site selection, property development, space and operational concept creation, marketing, and networking of spaces. Delivers coworking spaces as finished products or manages ongoing operations.
- PopUp Coworking Temporary coworking space solutions allowing communities and users to trial coworking concepts. Typically runs for nine months, enabling gathering of insights for sustainable long-term offerings.
Quantifiable outcome
- 75% cost reduction compared to individual Coworking space development
- +4 more outcomes
Companies that use cowork
Customer profileNamed customers12 records
Segments6 records
Ideal customer profiles4 records
cowork technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
cowork partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered minor, core and major.
- LUI House HerfordminorLUI House Herford integrated into worqs network under WORQS Coworking Herford brand. Twelve team offices, meeting rooms, creative lab, lounge and cafeteria in 1920s brick building near station. Partnership expands worqs to approximately 30 locations.
- Deutsche Bahn AG (everyworks)coreManagement partnership for Deutsche Bahn's everyworks Coworking brand. worqs Coworking operates spaces at Berlin, Hannover, Dachau, and Mannheim stations with further expansion planned. Covers personnel management and technical services provision. Partnership enables Deutsche Bahn to optimize station-based Coworking operations.
- Tink Tank GmbHmajorCooperation between WORQS and Tink Tank expanding network by 2 spaces in Heidelberg and Rhein-Main region. Scandinavian-style Coworking concept expanding WORQS reach. Users gain access to both networks. Part of expansion strategy to become leading German Coworking provider.
- Work InnmajorCooperation between WORQS Coworking and Dortmund-based Work Inn creating one of Germany's largest Coworking providers with 22 locations in 13 cities. NRW market leader with 10 spaces across Ruhr area joins WORQS network of 12 spaces.
- Mittelzentraler Städteverbund Göltzschtal (MZSV)minorFour municipalities (Falkenstein, Ellefeld, Auerbach, Rodewisch) partnered with cowork AG for PopUp Coworking project in Saxon Vogtland region. Includes online surveys, needs analysis, and 9-month trial operations. Funded by Saxon state budget.
- GESOBAU AGcoreJoint project GESOWORX combining residential housing with Coworking spaces in Berlin. State-owned Berlin housing company partnered with cowork AG for concept development and ongoing space operations. GESOWORX won DW-Zukunftspreis 2022 and included in ZIA Innovationsradar 2023.
- Aachener Stadtmarken GmbHminorPartnership for Urban Village development in Düren. Collaborative concept bringing WORQS Coworking into mixed-use development by local city branding company. Klaus Schierbaum of WIN.DN GmbH facilitated the partnership.
- Gemeinde RoetgenminorPopUp Coworking Space partnership in former savings bank building next to town hall. Rural Coworking initiative supported by Mayor Jorma Klauss, complementing WORQS Aachen.
Scale indicators8 records
Recent moves10 records
Expansion highlights6 records
cowork competitors and assessment
Company assessmentBroad incumbents
- WeWork: Global coworking and flex-office leader with significant German presence (Berlin, Frankfurt, Munich). Comparable as the best-known direct competitor targeting enterprise and SME coworking customers across the same German geographies.
- IWG (Regus / Spaces / HQ): World's largest flexible-workspace operator (Regus, Spaces, HQ) running thousands of locations globally. Comparable as a broad incumbent offering flexible office and coworking products across many markets, providing the upper-bound benchmark for German coworking scale.
Direct peers
- Design Offices: German operator of design-focused flexible offices and coworking spaces in major German cities (Munich, Berlin, Frankfurt, Hamburg, etc.). Directly comparable as a German flex-office/coworking operator targeting corporate and enterprise tenants with a similar premium product positioning.
- Work Republic: German coworking and flex-office operator with multiple locations. Comparable as a domestic peer competing for the same enterprise and SME tenants in regional German cities.
- Mindspace: European premium coworking and flex-office brand operating in Germany, Poland, UK, Israel and other markets. Comparable as an international design-led coworking operator pursuing enterprise contracts and multi-location memberships.
Emerging players
- Industrious: Premium flex-office and coworking operator with strong enterprise focus across the US and expanding internationally. Comparable as an enterprise-oriented coworking operator whose product positioning, network-access model, and design-led approach closely parallel worqs.
Others
- Bundesverband Coworking Spaces Deutschland (BVCS): German national coworking industry association of which cowork AG is a member. Comparable as a sector/ecosystem reference rather than a competitor — useful for category benchmarking, policy positioning, and member counts across the German coworking market.
Regional players
- Hauser & Partner Bürohaus: German operator of coworking, meeting rooms, and virtual offices across multiple German cities. Comparable as a domestic competitor sharing the multi-tier service offering (flex desk, private office, meeting rooms, virtual office) that cowork AG delivers under worqs.
- St. Oberholz: Berlin coworking pioneer and operator of multiple spaces in Berlin, plus digital products for remote work. Comparable as a Berlin-rooted coworking operator with brand recognition and a tech-enabled member experience overlapping cowork AG's GESOWORX Berlin footprint.
- Satellite Office: Germany-based operator of high-end business centers, coworking, and virtual offices primarily in major German cities. Comparable as a German-focused premium coworking/office-services operator with overlap on virtual office and address services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
cowork social profiles
Digital presencecowork financial estimates
Financial estimateRevenue estimate
Valuation estimate
cowork leadership team
Management profileNumber of profiles
Profiles5 records
cowork subsidiaries and ownership
Company hierarchySubsidiaries2 records
cowork funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
cowork M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about cowork
What does cowork do?
cowork AG develops and operates coworking spaces, providing location scouting, real estate development, and modular workspace solutions through its worqs brand. The company delivers end-to-end services including space planning, rollout, franchise operations, and ongoing management for municipalities, property owners, and coworking operators across Germany, operating approximately 30 locations serving 1,000+ users.
Is cowork a public or private company?
cowork is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was cowork founded?
cowork was founded in 2011. It employs 11 to 50 people.
Where is cowork based?
cowork is headquartered in Aachen, Germany, in the Europe region.
How does cowork make money?
Four revenue lines are on record. Coworking Space Franchise is the primary driver. The others are space Planning and Consulting, space Operations Management and coworking Space Rental.
Who are cowork's main competitors?
Broad incumbents on record are WeWork and IWG (Regus / Spaces / HQ). Direct peers are Design Offices, Work Republic and Mindspace. Industrious is listed as an emerging player. Bundesverband Coworking Spaces Deutschland (BVCS) is listed as an others. Regional players are Hauser & Partner Bürohaus, St. Oberholz and Satellite Office.
Does cowork have an API?
No public API is recorded for cowork.