Industrious’ CEO tells us why the coworking startup is ditching leases and managing property instead — bigger rival WeWork is eyeing a similar pivot to help erase losses
|08/24/2019||Posted by BusinessMediaguide.Com under General World News||
Flex-office startup Industrious has nabbed $80 million in Series D funding, with investments from landlord-partners, Fifth Wall Capital, Equinox, and others. Industrious is up to 80 locations in 45 cities since launching in 2013, and has raised $222 million overall.
- The company is inking more management partnerships with landlords, where it designs and operates an office and its amenities, but doesn’t pay a traditional lease. Its CEO said that’s key to turning profitable.
- Coworking giant WeWork, which lost nearly $2 billion last year and is valued at $47 billion, said in a filing last week it read more >>>