# Industrious National Management Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/industrious-national-management-company

- Industry: Commercial Property
- Headquarters: New York, US
- Website: www.industriousoffice.com
- Total disclosed funding: $222M
- Latest round: Series D (Aug 22, 2019)
- Investors on record: 13

## About

Industrious National Management Company LLC, based in the US, offers tailored flexible workspace solutions designed for hybrid teams and workers, promoting productivity and collaboration across various sectors.Industrious specializes in flexible workspace solutions, providing coworking and private office memberships. Founded in 2013 in New York, US, the company has completed 7 deals. The latest funding round, LP Direct, raised USD 400.00 mn from CBRE in January 2025, bringing the total amount raised to USD 400.00 mn. The founders include Jamie Hodari, Jim Elliston, Justin Stewart, Marc Watson, and Stephen Hitt, with Jamie Hodari serving as CEO.Industrious offers flexible workspace solutions tailored for hybrid workers and teams across multiple sectors. Their primary offerings include coworking memberships with 24/7 access to communal workspaces and private office memberships for teams of 1 to 20, fully furnished and move-in ready. Meeting room rentals for up to 20 people are also available, equipped with video conferencing capabilities. The company operates over 160 locations across 65 cities in the US and internationally, serving a wide range of clients from startups to Fortune 500 companies.Industrious generates revenue through subscription-based membership plans that provide various workspace solutions. Clients can select from coworking or dedicated office memberships, with pricing reflecting the selected services and amenities. Additionally, revenue is supplemented through meeting room rentals, enabling clients to book spaces for meetings or presentations. This membership model fosters long-term relationships with diverse clients while ensuring a steady income stream.Industrious plans to utilize the recent acquisition by CBRE, where a 60% majority stake was acquired for approximately USD 400 mn, to support its growth. The company aims to expand its reach into new markets and geographic regions, with specific plans to increase its international presence. Upcoming product launches and innovations in workspace solutions are anticipated to align with the company's strategic initiatives, ensuring adaptability to the evolving needs of modern businesses.

## Funding rounds

- Series D, Aug 22, 2019, $80M — CPP Investment Board, Riverwood Capital, Equinox, Fifth Wall Ventures, Wells Fargo Strategic Capital, TF Cornerstone, Brookfield Properties Retail, Granite Properties
- Series C, Feb 27, 2018, $80M — Outlook Ventures, Riverwood Capital, Reshape Holdings, Fifth Wall Ventures, Schechter Private Capital, Wells Fargo Strategic Capital, Rabina Properties, LLC
- Series B, Mar 28, 2017, $25M — Outlook Ventures, MapleWood Equity Partners, Riverwood Capital
- Series B, Sep 13, 2016, $37M — Outlook Ventures, MapleWood Equity Partners, Riverwood Capital

## Investors

- Outlook Ventures (https://capitalatlas.ai/funds/outlook-ventures) — Series B, Series C
- MapleWood Equity Partners (https://capitalatlas.ai/funds/maplewood-equity-partners) — Series B
- Riverwood Capital (https://capitalatlas.ai/funds/riverwood-capital) — Series B, Series C, Series D
- Reshape Holdings (https://capitalatlas.ai/funds/reshape-holdings) — Series C
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series C, Series D
- Schechter Private Capital (https://capitalatlas.ai/funds/schechter-private-capital) — Series C
- Wells Fargo Strategic Capital — Series C, Series D
- Rabina Properties, LLC — Series C
- CPP Investment Board — Series D
- Equinox (https://capitalatlas.ai/funds/equinox) — Series D
- TF Cornerstone — Series D
- Brookfield Properties Retail — Series D
- Granite Properties — Series D