Industrious Closes on $80 Million Funding for Flexible Workspaces

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Image credit: Industrious.

Brooklyn, NY based Industrious has announced it has closed on another successful funding round to keep growing its roster of workspaces.

The $80 million in Series D funding will be used on adding strategic landlord partners. The contributors to this funding round are Wells Fargo Strategic Capital, Canada Pension Plan Investment Board, Brookfield Property Partners, TF Cornerstone, Granite Partners, Equinox Capital, Fifth Wall, and Riverwood Capital. $185 million has been raised by Industrious since 2017.

Industrious, through landlord partnerships, manages and operates flexible workspaces, large enterprise suites, and amenities boasting sites while providing landlords with income 30% above market leases.

The company says it expects to be profitable in the first quarter of 2020.