Company Culture
Coworking / Economics / Hiring / Jobs / Real estate

Homegrown coworking chain cove raises $3.4 million

The company also hired former LivingSocial VP Nicholas Stafford as COO.

D.C.-grown coworking chain cove has raised $3.4 million, DC Inno reported on Thursday.
The two-year-old company also announced the hire of Nicholas Stafford, a former LivingSocial VP, as COO. Cove raised a $2.8 million Series A in May of last year.

According to his DC Inno interview, cove CEO Adam Segal views the $3.4 million convertible round as just the beginning. He said the company intends to raise more in the fall as it looks toward expansion in new cities next year.
Cove currently has nine locations in the DMV area and two in Boston. Another two locations in Boston are slated to open soon.
Coworking options and locations just keep multiplying in D.C. (and other East Coast cities).
WeWork is opening yet another new location near U Street “soon,” and MakeOffices has a “flagship” space in Clarendon in the works. Meanwhile Reston-based Refraction celebrated the grand opening of a bunch more square footage on Thursday — the company has doubled its available space to 23,000 square feet.
And as for something even less traditional, Croissant recently launched in D.C. as a go-to for people who want to experiment with a bunch of different coworking spaces. As the pièce de résistance, of course, there’s always yoga coworking.

Companies: cove / DC Inno / MakeOffices / WeWork / LivingSocial

Before you go...

Please consider supporting to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!


Major state funding boost means more Maryland college students can get tech internships

Cal Ripken Jr. essay: The MLB legend explains his drive to build STEM centers in schools across the nation

The end of software as technology

From quantum to biotech, meet this year’s Maryland Tech Council ICON nominees

Technically Media