NextSpace, a Santa Cruz, CA-based coworking community, raised $500K in funding.
Backers included Chicago real estate and private equity investment company Lakewest, local angel investor Jeff Carter, and other new and existing investors.
It also acquired The Coop, a Chicago-based shared workspace founded in 2008 by Sam Rosen and Pat Griffin.
The company intends to use the funds to increase membership capacity and amenities at The Coop and to identify other expansion opportunities in the Midwest corridor.
Led by Jeremy Neuner, co-founder, NextSpace is a physical and virtual coworking infrastructure for freelancers, entrepreneurs, and creative class professionals (http://nextspace.us/take-a-tour).
Founded in 2008, the community represents more than 1,200 active members, which consists of companies and individuals from over 30 different industries. It operates coworking space across nine locations: three locations in San Francisco – NextSpace SOMA, NextSpace Union Square and NextSpace/NextKids Potrero Hill, NextSpace Berkeley, [email protected] in Venice Beach, NextSpace Santa Cruz, NextSpace Los Angeles, NextSpace San Jose, and NextSpace River North in Chicago.
To date, NextSpace has served more than 2,500 members company wide.