UberOffices raised more than $14 million last year - Technical.ly DC

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Jan. 14, 2015 8:56 am

UberOffices raised more than $14 million last year

The cash flow will help fund expansions in Tysons, Logan Circle and Clarendon, but also in Philadelphia in Chicago.

Raymond Rahbar's UberOffices ushered in a new era of coworking spaces in the D.C. area.

(Photo by Adam Patterson)

By the time we were all popping the corks last year, UberOffices had raised more than $14 million in second-round funding, according to a press release.

It was on Dec. 31 that the McLean-based network of coworking spaces sealed the deal led by MRP Realty and Current Yield with Participation Fund, a return investor.

“With the incredible surge in popularity of coworking office spaces, this is an industry with incredible growth potential,” said UberOffices founder and CEO Raymond Rahbar in the release. “We plan to expand our presence and continue to provide members with low-cost, hassle-free office solutions in an environment that fosters collaboration and networking.”

As Rahbar told Technical.ly DC in October, the company is preparing to open up spaces in three new area locations: Tysons, Logan Circle and Clarendon.

But with the new influx of cash, he’s now looking beyond the DMV.  UberOffices plans to open several coworking spaces in Philadelphia and Chicago in mid-2015, and other metropolitan areas by year’s end.

Already, UberOffices has over 1,000 members in its four locations in and around D.C.

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Lalita Clozel

Lalita Clozel was the former Technical.ly DC Lead Reporter. She has written for OpenSecrets.org, the Los Angeles Times and Philadelphia City Paper. As a student at the University of Pennsylvania, she wrote for The Daily Pennsylvanian, covering legal affairs, city politics and labor unions.

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