At a time when China’s zero-COVID policy continues to interrupt offline work and face-to-face interactions, Dominic Penaloza, the former head of innovation and technology at WeWork China, is introducing a bold idea — on-demand work booths placed in public locations — and has managed to quickly raise capital for the business.
Penaloza named his new venture Peace in hope of boosting mental health for those using the company’s quiet, privacy-first space to avoid crowded offices and noisy cafes. Peace announced this week that it has raised a seven-figure funding round from a group of business partners and entrepreneurs.
Peace is the latest iteration of Penaloza’s continuous experiment with flexible work. In 2019, the executive spearheaded an internal project to offer pay-as-you-go spaces at WeWork China. A year later, he moved on to found his own proptech-focused startup stud...
