Industrious, a NYC-based flexible workspace provider, closed an $80m Series D funding round.
Investors in the round, which brings the total raised to $222m, include Riverwood Capital Partners, Brookfield Properties Retail, TF Cornerstone, Granite Properties, Equinox, Wells Fargo Strategic Capital, Fifth Wall Capital, and the Canada Pension Plan Investment Board.
The company intends to use the funds to expand its suite of landlord services, double network size, both organically and through M&A opportunities, and support international expansion.
Led by Jamie Hodari, CEO and co-founder, Industrious is a flexible workspace provider in the U.S. with over 80 locations in more than 45 U.S. cities. Through landlord partnerships, Industrious manages and operates flexible workspaces, large enterprise suites, and building-wide shared amenities while providing landlords income 30% above a market lease.
Its Workplace Experience platform, which pairs designed spaces with hospitality-driven services and amenities, offers a scalable solution for companies of all sizes and stages.
Since its founding in 2013, Industrious has secured over 20 landlord partners including: Hines, EQ Office, Macerich, Jamestown LP, and more.
The company expects to be profitable in Q1 2020.