Total amount raised
$259 Millions
Latest funding date
8/1/2019
Location
Industrious has successfully raised significant funding over multiple rounds, culminating in its acquisition by CBRE Group for $400 million. The company offers premium flexible workspace solutions, redefining the modern workplace experience.
Keep reading to explore the intricacies of Industrious' fundraising journey and the investors backing this innovative platform.
What Is Industrious?
Industrious, founded in 2013 in New York, New York, is a leading provider of premium flexible workspace solutions. The company was established by Jamie Hodari, Justin Stewart, and Philip Tadros.
Industrious offers a range of services, including private offices, suites, access memberships, virtual memberships, enterprise solutions, and landlord partnerships. Their workspaces are designed to blend five-star service with stunning design, catering to established professionals.
With a workforce of 501-1000 employees, Industrious continues to redefine the modern workplace experience, providing flexible terms to meet the evolving needs of businesses.
How Much Funding Has Industrious Raised?
Corporate Round
- Amount Raised: $200M
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion initiatives.
Series D
- Amount Raised: $80M
- Date: August 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate asset-light growth through landlord partnerships and support international expansion.
Series C
- Amount Raised: $80M
- Date: February 2018
- Lead Investors: Fifth Wall, Riverwood Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand workspace offerings and enhance service quality.
Series B
- Amount Raised: $25M
- Date: March 2017
- Lead Investors: Riverwood Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
Series B
- Amount Raised: $37M
- Date: September 2016
- Lead Investors: Riverwood Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion initiatives.
Industrious has raised a total of $422M in funding. The current valuation is not publicly disclosed.
Key Investors
- Riverwood Capital
- Details: Riverwood Capital is a private equity firm that invests in high-growth technology companies. Founded in 2008, it has a global presence with offices in Menlo Park, California, and São Paulo, Brazil.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: GoPro, Globant, Alog Data Centers.
- Fifth Wall
- Details: Fifth Wall is a venture capital firm focused on technology solutions for the real estate industry. It was founded in 2016 and is based in Los Angeles, California.
- Investment Focus Areas: Real estate technology, construction technology, retail technology.
- Notable Investments: Opendoor, Lime, Industrious.
- Equinox
- Details: Equinox is a luxury fitness company known for its high-end fitness clubs. Founded in 1991, it operates over 100 locations worldwide.
- Investment Focus Areas: Fitness, wellness, lifestyle.
- Notable Investments: SoulCycle, Blink Fitness, Pure Yoga.
- Wells Fargo Strategic Capital
- Details: Wells Fargo Strategic Capital is the investment arm of Wells Fargo, focusing on strategic investments. It aims to support the growth of innovative companies across various sectors.
- Investment Focus Areas: Technology, financial services, real estate.
- Notable Investments: Finxact, H2O.ai, Industrious.
- TF Cornerstone
- Details: TF Cornerstone is a real estate company that specializes in the acquisition, development, and management of residential and commercial properties. It is based in New York City.
- Investment Focus Areas: Real estate, property management, development.
- Notable Investments: 4545 Center Boulevard, Carnegie Hall Tower, 2 Gold Street.
What's Next for Industrious?
Industrious is poised to capitalize on the growing demand for flexible workspace solutions. With plans to double its network size and expand internationally, the company is well-positioned to leverage its asset-light model through strategic landlord partnerships. This approach not only promises high margins but also consistent unit performance and customer satisfaction.
Future fundraising opportunities seem likely as Industrious continues to grow. The company’s focus on expanding its suite of landlord services and pursuing M&A opportunities indicates a robust strategy for sustained growth. However, challenges such as evolving to management contracts and building trust with landlord partners remain. Maintaining high margins and consistent performance will be crucial as the company navigates these hurdles.
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