What is Industrious?
Founded in 2013 and headquartered in New York, Industrious operates as a premium workplace platform, offering companies and enterprises a range of solutions including workplace suites, private offices, and community memberships. The company aims to provide high-quality, flexible work environments that cater to the evolving needs of modern businesses. Its focus on premium offerings and enterprise solutions positions it as a key player in the competitive flexible office market.
How much funding has Industrious raised?
Industrious has raised a total of $185M across 3 funding rounds:
Series B
$25M
Series C
$80M
Series D
$80M
Series B (2017): $25M with participation from Riverwood Capital
Series C (2018): $80M led by Riverwood Capital, Fifth Wall, Wells Fargo, Rabina Properties, Schechter Private Capital, Alrai Capital, and Outlook Ventures
Series D (2019): $80M supported by Wells Fargo, Equinox, Fifth Wall Capital, CPP Investments, TF Cornerstone, Granite Properties, Brookfield Properties Retail, and Riverwood Capital Partners
Key Investors in Industrious
Wells Fargo
Wells Fargo is a leading U.S. financial services firm providing banking, lending, investment, and mortgage solutions. Known for its extensive branch network and diverse product offerings, the company maintains a significant market presence while navigating regulatory and reputational challenges in the evolving financial sector.
CPP Investments
Canada Pension Plan Investment Board (CCP Investments), founded in 2002 and headquartered in Ontario, Canada, is a professional investment management organization. CPPIB's line of business includes holding or owning securities of companies other than banks.
Riverwood Capital
Founded in 2007, Riverwood Capital is a private equity firm that invests in high-growth, middle-market companies primarily in global technology and technology-enabled industries where the use of software, information and digital technologies can contribute to value creation. They are headquartered in Menlo Park, California.
What's next for Industrious?
The substantial enterprise-level funding and recent strategic investment indicate that Industrious is in a mature growth phase, likely focusing on scaling its operations, expanding its geographic footprint, and enhancing its platform offerings. This capital infusion will enable the company to further solidify its market leadership, potentially through strategic acquisitions, technological advancements, or deeper penetration into enterprise client segments. The company's trajectory suggests a continued emphasis on providing premium, flexible workspace solutions to a growing corporate clientele.
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