Industrious, headquartered in New York City, provides coworking spaces to companies and individuals. It was founded in 2012 and operates in more than 200 locations and 65 cities in the U.S., Europe, and Asia.[2]
History
Industrious was founded in 2012 by Jamie Hodari and Justin Stewart, two best friends who grew up next door to each other in Michigan, who complained of the low quality of shared office spaces.[1]
The founders raised $1 million from 80 investors to open the first location in Chicago in 2013.[3] Industrious expanded into New York City in 2015 with a Brooklyn location, later moving its headquarters to Manhattan.[4]
In March 2017, the company raised $25 million.[5][6] In August 2019, the company raised $80 million in Series D funding from Brookfield Property Partners, Canada Pension Plan, TF Cornerstone, Granite Properties, and Equinox Group.[7] In February 2021, CBRE Group invested $200 million and contributed its 10 coworking locations under the brand Hana to Industrious in exchange for a 35% stake in Industrious.[8] In May 2022, CBRE invested an additional $100 million in Industrious.[9]
Partnerships
Industrious partners with Equinox Group to provide locations near gyms and offer gym memberships as perks to members.[10]
It has a partnership with Wythe Hotel to use hotel rooms as office spaces.[11]
In September 2020, the company announced a partnership with Cushman & Wakefield to provide amenities in properties managed by Cushman & Wakefield.[12]
In September 2022, the company announced a partnership with AvalonBay Communities to open locations in apartment complexes.[13]
Acquisitions
In March 2017, Industrious acquired PivotDesk, a digital flexible workplace platform.[5]
In May 2019, it acquired TechSpace, an office space provider for tech-related companies.[14]
