What is Industrious?
Founded in 2013 and headquartered in New York, Industrious operates as a premium workplace platform, offering companies and enterprises a range of solutions including workplace suites, private offices, and community memberships. The company aims to provide flexible and high-quality work environments, catering to the evolving needs of businesses seeking adaptable office solutions. Its market presence is built on delivering a superior user experience and comprehensive amenities within its managed spaces.
How much funding has Industrious raised?
Industrious has raised a total of $185M across 3 funding rounds:
Series B
$25M
Series C
$80M
Series D
$80M
Series B (2017): $25M with participation from Riverwood Capital
Series C (2018): $80M led by Alrai Capital, Fifth Wall, Outlook Ventures, Wells Fargo, Rabina Properties, Riverwood Capital, and Schechter Private Capital
Series D (2019): $80M supported by Fifth Wall Capital, Wells Fargo, CPP Investments, TF Cornerstone, Equinox, Granite Properties, Riverwood Capital Partners, and Brookfield Properties Retail
Key Investors in Industrious
Riverwood Capital
Riverwood Capital is a private equity firm specializing in high-growth, middle-market companies, particularly those in global technology and technology-enabled sectors where digital technologies drive value creation. They are headquartered in Menlo Park, California.
Fifth Wall
Fifth Wall is the largest venture capital firm focused on technologies for the global real estate industry (proptech), connecting owners and operators with technology entrepreneurs. They are backed by major global real estate players.
Outlook Ventures
Outlook Ventures actively invests in seed and early-stage software companies in the Western United States, leveraging its experience to support entrepreneurs and achieve significant industry impact.
What's next for Industrious?
The recent major strategic investment signals a new phase of growth for Industrious, likely focused on expanding its market reach, enhancing its platform offerings, and potentially exploring new service verticals within the commercial real estate and flexible workspace industry. This capital infusion is expected to bolster its competitive edge and support its long-term strategic objectives, positioning the company for sustained development and innovation in a dynamic market landscape.
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