Industrious Raises $25m in Additional Series B Funding; Acquires PivotDesk

Coworking company Industrious raised $25m in additional Series B funding bringing the round’s total to $62m.

The round was led by Riverwood Capital.

Industrious will use the funds to grow to 30+ locations by the end of 2017.

The company also acquired PivotDesk, a platform for spare office space discovery, to add the newly developed digital real estate platform to physical locations.

Led by Justin Stewart and Jamie Hodari, Industrious currently offers private glass offices, common areas, and a community of professionals from freelancers to Fortune 500 companies in Atlanta, Austin, Brooklyn, Chicago, Columbus, Los Angeles, Nashville, Philadelphia, Raleigh, St. Louis, and Minneapolis.



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