Brooklyn-based Industrious, one of the largest coworking space companies in the country, announced Tuesday morning it had raised $80 million in a Series C round.
Industrious has 35 locations in the country, including just two in New York, one in Prospect Heights and the other at Union Square. Most of its locations are in cities that are not normally considered startup hubs, such as Indianapolis, Phoenix and Tampa. Its 35 locations are spread out over 25 cities.
The company’s spaces in Brooklyn costs $495/month for coworking and starts at $595 for private offices.
The funding round brings the company’s total funding to $142 million. Industrious employs around 75 workers.
When we talked to cofounder and CEO Jamie Hodari in 2016, he predicted that coworking would continue to become decentralized across cities.
“The next wave of coworking will serve residents of specific neighborhoods, even if it’s inconvenient to get from there to Manhattan,” he said at the time.
How Industrious plans to beat WeWork in the coworking game
Would you lease a car on Seamless? This Brooklyn startup thinks so
Funding news about Nowsta
Explore how diverse teams build dynamic products with Dev Bootcamp
Funding news about Honcker
‘Everlane for sex toys’ comes into $500,000 of funding
Funding news about Overtime Sports
Learn from these Brooklyn founders in our Tomorrow Toolkit ebook
Sign-up for regular updates from Technical.ly