UBUD, INDONESIA–May 20, 2019–Outpost, an Asia-based hospitality brand focused on developing the remote work lifestyle, has announced successful seed funding of US$1.3 million. Investors in the round include EverHaus, Strypes Holdings and Clarenberg Ventures.
The round will fund expansion of Outpost’s destination coworking, coliving and travel services in APAC, including a fourth location to be announced soon.
Outpost Cofounder David Abraham says, “The digital nomad generation has grown up, and it’s affecting business at all levels. Employees and employers want a genuine alternative to the high intensity, 9-to-5 urban lifestyle. They want to engage with the diverse and exciting lifestyle Asia offers—the sights, sounds, tastes, creativity and energy—while also getting work done: whether that’s as part of a bigger organization or building a business from scratch.”
Outpost gives companies and individuals the chance to live the dream—freedom to work and live in paradise surrounded by palm trees, surf beaches, and rich culture—while still being productive and connected. Operating with a disruptive, asset-lite model, Outpost transforms underperforming hotel properties into boutique communal work and living spaces catering to the unique needs of location independent professionals.
“Asia is a hub of invention and entrepreneurialism. Outpost is leading the way in developing the remote work lifestyle in APAC, and we’re excited to grow our network,” says Abraham.
“We’re an Asia-based team with a global outlook. Being genuinely connected with the local communities we operate within is important to us in order to be both sustainable and profitable in the market,” he continues.
Sound too good to be true? Outpost will have a booth at the upcoming Echelon conference in Singapore on March 23–24 2019—where you can chat with the founders about how to take your team on the Outpost experience.
About Outpost
Outpost is a next generation hospitality brand with a vision to deliver exceptional coworking, coliving, community and travel services for location independent professionals and the companies that employee them. Our brand shares with our members the energy, innovation and passion to create a different model for living and working that centres around the values of growth, exploration and connection. Established in 2016, Outpost opened its flagship coworking and coliving space in Ubud, Bali and has since expanded into Phnom Penh, Cambodia and Canggu, Bali. For more information visit www.destinationoutpost.co
Cofounder Bios
David Abraham
David leads Outpost’s coliving and coworking growth strategy. His career has spanned the White House to Wall Street to remote African villages. He has overseen billion-dollar budgets, managed teams globally, and held fellowships at numerous institutions, including Tokyo University and Japan's Ministry of Economy.
David’s work has been published in The New York Times, The Los Angeles Times and The Wall Street Journal, as well as in an award-winning book The Elements of Power. He is a Senior Fellow of the New America Foundation in Washington DC, a life member of the Council on Foreign Relations, and has testified in front of Congress. His interests center on creating places that allow people to form community and build meaningful lives.
Bryan Stewart
Bryan leads Outpost’s finance and investment strategy. Prior to starting Outpost, he brokered venture capital and private equity investments in Asia for a boutique American advisory firm Liberty Global Partners. His focus was on Asian emerging markets, where he was based first out of Shanghai and then Jakarta. Earlier in his career, Bryan worked on financing international development projects in Eastern Europe, Latin America and South Asia with several NGOs, Governments and the U.S. Peace Corps.
Since relocating to Indonesia, and through his work as a start-up consultant, Bryan has been instrumental in sharing his investment expertise and assisting the elevation of Asia-based start-ups to the global stage. Bryan earned a BA from Grinnell College, and an MA in international business and finance from The Fletcher School at Tufts University.
London:
Petra Kamula
+44 (0)7383 662 590
Bali:
Andra Izgarian
+1 925 876 0555