What is Industrious?
Founded in 2013 and headquartered in New York, Industrious operates as a premium workplace platform that distinguishes itself from traditional coworking providers through a focus on hospitality and professional-grade office environments. The company provides a comprehensive suite of services, including private offices, workplace suites, and community memberships, designed to support the productivity and culture of modern businesses. By positioning itself as a partner to both landlords and enterprise tenants, Industrious has carved out a significant niche in the commercial real estate market, effectively bridging the gap between traditional long-term leases and the demand for flexible, high-performance workspace solutions.
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 Outlook Ventures, Wells Fargo, Riverwood Capital, Rabina Properties, Fifth Wall, Schechter Private Capital, and Alrai Capital
Series D (2019): $80M supported by Riverwood Capital Partners, Wells Fargo, CPP Investments, TF Cornerstone, Fifth Wall Capital, Granite Properties, Equinox, and Brookfield Properties Retail
Key Investors in Industrious
Riverwood Capital
Founded in 2007, Riverwood Capital is a private equity firm that invests in high-growth, middle-market companies primarily in global technology and technology-enabled industries where the use of software, information and digital technologies can contribute to value creation.
Fifth Wall
Fifth Wall is the largest venture capital firm focused on technologies for the global real estate industry, connecting the world's largest owners and operators of real estate with technology entrepreneurs.
Wells Fargo
Wells Fargo is a leading U.S. financial services firm providing banking, lending, investment, and mortgage solutions with a significant market presence in the evolving financial sector.
What's next for Industrious?
Looking ahead, the strategic deployment of the $80M is expected to accelerate Industrious's expansion into new geographic markets and further refine its enterprise-grade service offerings. As the commercial real estate landscape undergoes a structural shift toward hybrid work models, Industrious is well-positioned to capitalize on the increasing demand for premium, flexible office space. The company's focus will likely remain on deepening its partnerships with major property owners and enhancing its technology-enabled workplace management platform to maintain its competitive edge in the global built world ecosystem.
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