Seattle based The Riveter, a co-working space startup targeting female entrepreneurs, scored more cash to expand its footprint.
The startup raised $15 million in Series A funding, led by Alpha Edison, with assistance from Madrona Venture, Anne-Marie Slaughter, CEO of New America, Fashion Designer Liz Lange and TOMS Shoes founder Blake Mycoskie. With this round plus the previous $5.5 million raised brings The Riveter’s total to $20. 5 million.
“Our company’s rapid growth over the past 18 months signals a significant market demand for workspaces, a connected network, and programming that moves business forward,” said Amy Nelson, Founder and CEO of The Riveter, in a statement. Alpha Edison was immediately aligned with our vision and growth plan, and their investment will help us forge this new reality.”
The Riveter is seeking to grow beyond its five locations currently in Seattle and Los Angeles. It is planning to launch sites in Atlanta, Dallas, Houston, New York City, Minneapolis, Chicago and North Carolina. It is competing with a growing list of co-working spaces for startups, like largest and fastest growing of them all, WeWork.
Last month it forged a partnership with Alaska Airlines, allowing benefits and services from the airline to Riveter clients.