An Israeli startup has raised $15 million for its boutique coworking spaces to help it take on WeWork

Mindspace, an Israeli company that creates boutique coworking spaces for startups and corporates, has raised $15 million (£12 million) from private investors to help it expand to the US and further across Europe.

Founded in 2014, the WeWork rival has already opened four creative coworking spaces across Europe and Israel. The company has spaces in Berlin and Hamburg, as well as two in Tel Aviv.

The company, which is coheadquartered in Berlin and Tel Aviv, said it plans to use the Series A funding to open five new facilities across the US, Germany, and Israel.

After the expansion, which will take it from 150,000 sq ft up to 350,000 sq ft, Mindspace will be able to accommodate 5,000 members worldwide.

"We are excited to announce this new funding and new Mindspace locations," said cofounder and CEO Dan Zakai. "With the funding, we plan to enter the US market, while continuing to expand and strengthen our presence in Europe."