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

Business

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.

Organizations: MakeOffices
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Goodworld lands $750K investment from Mastercard

Why 1776 is closing its original incubator location, and thoughts on its future in DC

Amazon is in ‘advanced talks’ to locate HQ2 in Crystal City, Va., reports say

SPONSORED

DC

Join our Technical.ly Match beta, an opt-in alternative to recruiting

Philadelphia

Technically Media

Technical.ly Client Success Manager

Apply Now
DC, SF, NYC

Nava

Experienced Software Engineer – Backend

Apply Now
Washington, DC

Nava

Infrastructure Engineer (DC, SF, NYC)

Apply Now

A new mobile fueling company has landed in DC

Byte Back wins $775,000 grant to expand to Baltimore in 2019

Goodshuffle lands $500,000 investment from New York-based BizBash

SPONSORED

DC

TEDCO’s Builder Fund is closing the investment gap for more entrepreneurs

Baltimore, MD

Terbium Labs

Software Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!