cowork

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

Headquarters

HQ city

Aachen

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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.
3. Space Operations Management: Ongoing operational management of Coworking spaces as finished products delivered to partners, via service contracts, or joint ventures.
4. 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

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core 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

Named customers12 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered minor, core and major.

• LUI House HerfordminorStrategic or Co-development Partner · 8 February 2024LUI 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)coreStrategic or Co-development Partner · 13 September 2023Management 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 GmbHmajorStrategic or Co-development Partner · 25 July 2023Cooperation 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 InnmajorStrategic or Co-development Partner · 8 December 2022Cooperation 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)minorImplementation/ SI/ Consulting Partner · 9 June 2022Four 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 AGcoreStrategic or Co-development Partner · 24 February 2022Joint 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 GmbHminorStrategic or Co-development Partner · 1 January 2022Partnership 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 RoetgenminorStrategic or Co-development Partner · 1 January 2020PopUp 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

Broad 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

• LinkedInde.linkedin.com/company/cowork-ag
• Xx.com/cowork_ag
• Facebookfacebook.com/coworkag

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about cowork