Cove Raises $3.4M in Convertible Funding Round

coveCove, a Washington DC-based co-working space company, raised $3.4m in a convertible note round of funding.

Backers included unnnamed existing investors.

The company will use the funds to add new locations.

Founded in 2014 and led by CEO Adam Segal and newly added COO Nick Stafford, Cove operates co-working locations featuring wifi, outlets, call boxes, etc. Powered by a technology platform, members can track their usage, make reservations, share interests and skills, and connect with a community of freelance professionals and employees from companies based on these spaces.
The company currently operates 11 spaces, 9 in the Washington, D.C. and 2 in the Boston area.



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