cove Raises $2.8M in Series A Funding

covecove, a Washington, D.C.-based creator and operator of a network of shared “productive spaces”, raised $2.8m in Series A funding.

The round includes sharing economy angels (earliest investors in Zipcar and TaskRabbit) and institutional funds in the retail space (a West Coast Family Office, which was an early investor in Starbucks and Jamba Juice).

The funding will be used to expand the number of locations in Washington, D.C. and support expansion to Boston and other cities in 2015.

Led by Adam Segal, co-founder and CEO, cove develops and operates a network of “productive spaces”, tech-enabled places in neighborhoods where people live and work. Each cove offers members wifi, color printers, comfortable chairs and couches, desks and spiffy conference rooms.
The company currently has nine locations throughout the Washington, D.C., metro area and expects to launch its first locations in Boston in the summer.



Join the discussion