CirCO Coworking Space
cirCO Coworking Space is a Vietnam-based flexible workspace operator founded in 2016, providing virtual offices, desks, private offices, and event space across seven HCMC branches and Da Nang. It serves startups, SMEs, freelancers, and international companies through a subscription-based model with a member Marketplace ecosystem.
- Company typePrivate
- Founded2016
- HeadquartersHo Chi Minh City, Vietnam
- Headcount11–50
- GTM typeB2B
- OfferingServices
What CirCO Coworking Space does
cirCO Coworking Space is a Vietnam-based flexible workspace operator founded in 2016 and headquartered in Ho Chi Minh City. The company provides a portfolio of workspace solutions — virtual office subscriptions, dedicated and flexible desks, private offices, whole-floor offices, meeting rooms, and event halls — across seven operational branches in HCMC's premium central districts (Districts 1, 3, and 4), one Da Nang location inside the Crowne Plaza, and one Thảo Điền site in pre-opening. Pricing ranges from VND 150,000/day for hot desks to VND 3.8-8 million/seat/month for private offices, with virtual office tiers at VND 10.5-16 million/year.
The underlying platform is a cloud-based workspace management system with a self-service member dashboard (dashboard.circo.co) enabling meeting room booking, access card management, printing, and event-space reservations. Operational differentiators include LED-based virtual office name display at building reception, smart meeting room AV controls, and a member Marketplace integrating 30+ brand partners (AWS, Google Cloud, UOB, Gojek, Vexere) for exclusive discounts. cirCO's go-to-market combines direct sales through its website and 1900 3384 hotline, a structured broker partner program with global CRE firms (CBRE, Savills, JLL, Cushman & Wakefield), and community-driven acquisition through 200+ connected startups and regular networking events.
The business model is predominantly recurring subscription revenue from workspace rental and virtual office contracts (monthly to multi-year), supplemented by usage-based revenue from meeting room and event hall rentals, and ecosystem value from the Marketplace. cirCO serves 500+ customers and 1,200+ members across a diversified mix of startups, SMEs, freelancers, and international companies — including Nestlé, ShopBack, Gojek Vietnam, Supercent Vietnam, Aspire, Focallure Vietnam, and Timo. The company received early-stage funding from East Ventures in 2018. The leadership team is co-founded by Tuan Manh Tran and Linh Hoang (CEO).
CirCO Coworking Space firmographics
Firmographics- Name
- CirCO Coworking Space
- Legal name
- cirCO
- Website
- https://circo.co
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- cirCO Coworking Space is a Vietnam-based flexible workspace operator founded in 2016, providing virtual offices, desks, private offices, and event space across seven HCMC branches and Da Nang. It serves startups, SMEs, freelancers, and international companies through a subscription-based model with a member Marketplace ecosystem.
- Ownership category
- akta.pro rank
CirCO Coworking Space industry classification
Industry- Product category
- Coworking and Flexible Workspace Services
- NAICS
- Facilities Support Services (561210)
- SIC
- Services-Equipment Rental & Leasing, Nec (7359)
- akta.pro primary industry
- Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison) (IMAIALAK)
Keywords
Where CirCO Coworking Space is headquartered
LocationHeadquarters
- HQ city
- Ho Chi Minh City
- HQ country
- Vietnam
- HQ region
- Asia
Offices9 records
Markets served
CirCO Coworking Space business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Flexible Workspace Rental: cirCO generates the majority of its revenue from renting flexible workspaces including dedicated desks (fixed seats), flexible desks (hot desking), private offices, and whole-floor offices on monthly or longer-term contracts. Pricing varies by location and workspace type, ranging from VND 150,000/day for hot desks to VND 3.8–8 million/seat/month for private offices. Revenue is recurring in nature as tenants sign monthly to multi-year agreements.
- Virtual Office Services: Virtual office subscriptions provide a prestigious business address, mail handling, receptionist services, and meeting room credits. Offered in three tiers (Standard, Plus, Executive) at annual contract rates ranging from VND 10.5 million to VND 16 million per year, with promotional add-on months. This stream targets startups, SMEs, and foreign companies entering the Vietnamese market.
- Meeting Room & Event Space Rental: Hourly rental of meeting rooms (from VND 250,000/hour for small rooms) and event halls (from VND 2,500,000/hour for up to 150-person capacity). Meeting rooms are equipped with AV equipment, whiteboards, and video conferencing. Event halls support conferences, product launches, and year-end parties.
- Member Marketplace Commissions & Partnerships: cirCO operates a Marketplace platform offering exclusive deals from partner brands (Vexere, Gojek, UOB, AWS, etc.) to its member base of 1,200+ members. While the primary value is member retention and attraction, this ecosystem creates opportunities for referral and commission-based revenue from partner promotions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Standard Class Virtual Office — entry-level prestigious address |
| Subscription | Annual | Plus Class Virtual Office — mid-tier with enhanced benefits |
| Subscription | Annual | Executive Class Virtual Office — premium address with comprehensive perks |
| Subscription | Monthly | Private Office — enclosed dedicated workspace |
| Usage-based | Pay-as-you-go | Flexible Desk — hot desking, no fixed seat |
| Subscription | Monthly | Dedicated Desk — fixed seat with 24/7 access |
| Unit Pricing | Pay-as-you-go | Meeting Room — hourly rental of equipped conference rooms |
| Unit Pricing | Pay-as-you-go | Event Hall — large venue for up to 150 attendees |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
CirCO Coworking Space product offering
Product offeringCore offering
CirCO provides flexible, fully serviced workspace solutions across multiple locations in Ho Chi Minh City and Da Nang, Vietnam. Its offerings span virtual offices (prestigious business address with mail handling and receptionist services), private offices (10-300+ seats with 24/7 access), whole-floor offices, dedicated and flexible desks, hourly meeting rooms, and event halls for up to 150 attendees. The company supports a 1,200+ member community and complements its workspace with a member-exclusive Marketplace offering partner discounts.
Product overview
CirCO Coworking Space is a flexible workspace platform offering a comprehensive portfolio of office solutions across multiple locations in Ho Chi Minh City and Da Nang, Vietnam. The product suite is structured around three tiers: (1) Space Solutions — Virtual Office (prestigious business address and registration support), Private Office (fully furnished dedicated rooms for teams of 10–300+), Whole Floor Office (entire floor rental), Flexible Desk (hot-desking by day/week/month), and Dedicated Desk (fixed personal desk with 24/7 access); (2) Meeting & Event Solutions — Meeting Rooms (2–45 persons with AV equipment) and Event Space (50–150 persons with full AV setup); and (3) Member Ecosystem — the Marketplace platform providing exclusive partner discounts. The platform targets SMEs, startups, freelancers, and multinational companies seeking flexible, cost-optimized workspace solutions without long-term traditional lease commitments.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 90% cost savings compared to traditional office leasing
- +4 more outcomes
Companies that use CirCO Coworking Space
Customer profileNamed customers21 records
Segments6 records
Ideal customer profiles5 records
CirCO Coworking Space technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
CirCO Coworking Space partnerships and signals
Strategic signalPartnerships
30 partnerships are on record, tiered core and minor.
- VexerecorecirCO x Vexere partnership offers exclusive bus travel deals to cirCO members. Vexere is Vietnam's leading online bus ticket platform, and this partnership provides members with discounted travel options as part of the cirCO Marketplace ecosystem.
- UOBcoreUnited Overseas Bank (UOB) partners with cirCO through the Marketplace to offer exclusive banking and financial benefits to cirCO members. This positions cirCO as a hub not just for workspace but for business enablement.
- Gojek VietnamcoreGojek Vietnam offers exclusive vouchers (8 Gofood vouchers worth VND 100,000 each) to cirCO members through the Marketplace. This food delivery and mobility partnership enhances member benefits within the cirCO ecosystem.
- AWS (Amazon Web Services)coreAWS activates startup benefit packages and offers for cirCO member companies through the Marketplace. This partnership helps tech startups and digital businesses hosted at cirCO access cloud infrastructure at preferential rates.
- Google CloudcoreGoogle Cloud workspace and cloud platform solutions are promoted through cirCO's Marketplace, targeting member companies seeking cloud infrastructure and productivity tools. Access to Google's ecosystem complements the tech-friendly positioning of cirCO's coworking spaces.
- INCORP VietnamminorINCORP Vietnam provides company incorporation and corporate secretarial services to cirCO members through the Marketplace, supporting newly registered businesses at cirCO's virtual office addresses.
- GetfitminorFitness and wellness partner on cirCO's Marketplace, offering health and wellness deals to cirCO members as part of the member benefits ecosystem.
- PinbusminorPinbus (Vietnamese bus ticket platform) is a Marketplace partner offering travel discounts to cirCO members.
- RecruiteryminorRecruitery offers recruitment and payroll services exclusively to cirCO members through the Marketplace, supporting HR needs for startups and SMEs operating from cirCO spaces.
- P-invoiceminorP-invoice provides electronic invoice solutions to cirCO members as part of the Marketplace's business productivity suite of partner offerings.
- cirCO careminorcirCO's own health and wellness program ('Your Health We Care') offering exclusive health deals to members, indicating an internal member benefits initiative.
- GHÉTxẢO (Ghét Ẩu)minorBrand partner on cirCO Marketplace offering products with a 'deep care' positioning to cirCO members.
- ShoeXminorEco-friendly shoe brand partner on cirCO Marketplace, aligning with cirCO's sustainability values in its member ecosystem.
- NextfitminorNextfit offers at-home healthcare services as a Marketplace partner to cirCO members.
- LivwellminorHealth and wellness brand partner available to cirCO members through the Marketplace platform.
- Cosmo (Dịch vụ giặt và sấy)minorLaundry and dry cleaning service partner on cirCO Marketplace.
- SmartlyminorcirCO x Smartly partnership offers discount codes (up to 50% off) to cirCO members through the Marketplace.
- LIVEINminorHousing and accommodation partner on cirCO Marketplace, possibly supporting international members with relocation needs.
- Book Club Project (CIRCO x Saigon Books x Zenbooks)minorJoint book club initiative with Saigon Books and Zenbooks, offering literary events and discounts to cirCO members.
- CIRCO x AECC (Australia Education)minorPartnership with AECC (Australian Education Connection) offering study abroad services to cirCO members.
- HAN Sky GardenminorPremium venue partner offering exclusive deals to cirCO members through the Marketplace.
- The Greenmart VietnamminorEco-friendly products retailer partner on cirCO Marketplace, aligning with sustainability values.
- CBRE VietnamcoreGlobal commercial real estate services firm CBRE is listed as a partner on cirCO's broker program page, indicating a channel relationship where CBRE brokers refer clients to cirCO workspace solutions.
- Savills VietnamcoreSavills, a leading global real estate services group, is listed as a cirCO broker partner, referring commercial clients needing flexible workspace to cirCO's locations.
- JLL (Jones Lang LaSalle)coreJLL, a Fortune 500 commercial real estate services firm, is a broker partner for cirCO, referring enterprise clients seeking flexible workspace solutions.
- Cushman & WakefieldcoreCushman & Wakefield, a global commercial real estate services firm, is a channel partner for cirCO's flexible workspace offerings.
- OfficeSGminorSingapore-based office services firm OfficeSG is listed as a broker partner, indicating cross-border referral relationships in the Southeast Asian flexible workspace market.
- Laeder Real EstateminorLocal Vietnam real estate firm Laeder Real Estate partners with cirCO as a broker referral source for flexible workspace tenants.
- Maison VietnamminorMaison Vietnam is listed as a broker partner, contributing to cirCO's distribution network for flexible workspace referrals.
- Supercent VietnamcoreSupercent Vietnam, a Korean game company (top 10 globally by downloads) with 1.4 billion cumulative downloads, established its Vietnam operations at cirCO as part of its global expansion strategy. cirCO serves as Supercent's workspace partner providing professional facilities for its initial team of ~200 people. This represents a strategic workspace partnership for a high-profile international tech company.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
CirCO Coworking Space competitors and assessment
Company assessmentBroad incumbents
- WeWork: WeWork is a global flexible workspace operator (now restructured post-Chapter 11) with presence in select Southeast Asian markets. It competes with cirCO at the high end of the market with similar enterprise focus, premium design, and amenity-rich locations, though its Southeast Asia footprint is limited.
- Ucommune: Ucommune is one of China's largest flexible workspace operators with an extensive Asian footprint. It operates across multiple product categories similar to cirCO and represents a comparable business model in the Asian market, though primarily focused on China.
- Servcorp: Servcorp is a global premium serviced office and virtual office operator with presence in HCMC. It directly competes with cirCO's virtual office and small private office products, targeting similar enterprise and SME clients seeking prestigious CBD addresses with full-service support.
- IWG (Regus, Spaces, HQ): IWG is the world's largest flexible workspace operator, with multiple brands (Regus, Spaces, HQ, Signature) operating in HCMC and Hanoi. It competes with cirCO in the same product categories but serves a broader enterprise client base with global reach, deeper capital, and established brand recognition.
Direct peers
- Toong: Toong is the largest coworking/flexible workspace operator in Vietnam, with multiple premium locations across HCMC and Hanoi. It directly competes with cirCO in the same product categories (private offices, hot desks, virtual offices) and targets the same startup/SME/enterprise customer segments, making it the most directly comparable local competitor.
- The Co.lab: The Co.lab is a Saigon-based coworking and serviced office operator with locations in District 1 and surrounding areas. It directly competes with cirCO in the flexible workspace category, targeting similar startup, freelancer, and SME segments with comparable product offerings.
- Work Saigon: Work Saigon is a HCMC-based coworking and serviced office operator with locations in central districts. It directly competes with cirCO for startups, SMEs, and enterprise clients with comparable product offerings (private offices, hot desks, virtual offices) in similar HCMC locations.
- Dreamplex: Dreamplex is a Vietnam-based coworking operator with multiple HCMC locations targeting startups, SMEs, and enterprise clients. It competes with cirCO across virtual office, private office, and event space products with similar premium positioning in central business districts.
- The Hive Vietnam: The Hive operates premium coworking spaces across Vietnam (HCMC, Hanoi) and other Southeast Asian markets. It offers comparable products (private offices, hot desks, meeting rooms) with similar premium positioning and design aesthetic, directly competing for the same enterprise and SME customers in HCMC.
Regional players
- Common Ground: Common Ground is a major coworking operator headquartered in Malaysia with presence across Southeast Asia. While not directly competing in Vietnam currently, it represents the regional coworking model and a potential expansion peer as cirCO considers geographic expansion beyond Vietnam.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
CirCO Coworking Space financial estimates
Financial estimateRevenue estimate
Valuation estimate
CirCO Coworking Space leadership team
Management profileNumber of profiles
Profiles1 record
CirCO Coworking Space funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CirCO Coworking Space 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 CirCO Coworking Space
What does CirCO Coworking Space do?
CirCO provides flexible, fully serviced workspace solutions across multiple locations in Ho Chi Minh City and Da Nang, Vietnam. Its offerings span virtual offices (prestigious business address with mail handling and receptionist services), private offices (10-300+ seats with 24/7 access), whole-floor offices, dedicated and flexible desks, hourly meeting rooms, and event halls for up to 150 attendees. The company supports a 1,200+ member community and complements its workspace with a member-exclusive Marketplace offering partner discounts.
Is CirCO Coworking Space a public or private company?
CirCO Coworking Space is a private company. It is classified as venture growth investor backed and is currently operating.
When was CirCO Coworking Space founded?
CirCO Coworking Space was founded in 2016. It employs 11 to 50 people.
Where is CirCO Coworking Space based?
CirCO Coworking Space is headquartered in Ho Chi Minh City, Vietnam, in the Asia region.
How does CirCO Coworking Space make money?
Four revenue lines are on record. Flexible Workspace Rental is the primary driver. The others are virtual Office Services, meeting Room & Event Space Rental and member Marketplace Commissions & Partnerships.
Who are CirCO Coworking Space's main competitors?
Broad incumbents on record are WeWork, Ucommune, Servcorp and IWG (Regus, Spaces, HQ). Direct peers are Toong, The Co.lab, Work Saigon, Dreamplex and The Hive Vietnam. Common Ground is listed as a regional player.
Does CirCO Coworking Space have an API?
No public API is recorded for CirCO Coworking Space.
What industry is CirCO Coworking Space in?
CirCO Coworking Space's product category is Coworking and Flexible Workspace Services. Its primary akta.pro industry code is IMAIALAK, Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison). Its NAICS code is 561210 and its SIC code is 7359.