Company Culture

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
Engagement

Join our growing Slack community

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

Donate to the Journalism Fund

Your support powers our independent journalism. Unlike most business-media outlets, we don’t have a paywall. Instead, we count on your personal and organizational contributions.

Trending

Trustible raises $4.6M, mainly from local funders, to hire and expand customer reach

This Week in Jobs: Kick off "hot labor summer" with these 20 tech career opportunities

DC is no longer one of the world’s top 15 places to start a company

This Virginia startup is developing tech to make data centers more energy efficient

Technically Media