The Riveter, a Seattle, WA-based female-forward company focused on creating spaces online and in the physical world for entrepreneurs, remote workers, and freelancers, raised $4.75m in the first round of institutional funding.
The round was led by Madrona Venture Group.
The company intends to use the funds to expand its women-forward workspaces to Los Angeles and more cities across the country in the coming year.
Founded by CEO Amy Nelson, The Riveter offers two membership-driven workspaces in Seattle which serve as both work and gathering places for female-forward businesses. The company, which is also developing a digital collaboration and networking platform for members, runs weekly programs focused on how to run a business – paying taxes, scaling a business, branding, pitching investors – as well as on inspiring networking gatherings featuring nationally recognized business leaders. Additionally, members enjoy monthly meetings to share strategies, find resources, and leverage a network to shape their careers and businesses.
After a pop up in Los Angeles in February, The Riveter has its sights set on two new locations in the LA metro area for the next step.