Global private equity group 33 Degrees will invest into coworking operator THRIVE in order to help expand the firm’s footprint.
Through this partnership, THRIVE will seek to grow its presence from a few locations in Georgia to 500 across the US and Canada.
“THRIVE works with individuals and enterprises to create hybrid work locations with all the amenities, convenience and culture employee’s desire,” said Ramon Gonzalez, founder of THRIVE. “It’s a powerful antidote to the Great Resignation.”
At the moment, THRIVE has locations in Alpharetta, Milton and Canton, Georgia, as well as others in the pipeline across Cumming, Duluth, Gainesville, Roswell, and Suwanee in the state. The operator also has deals in the Winston-Salem, North Carolina area and Charleston, South Carolina.
THRIVE hopes to address the need for flexible workspaces outside of city centers and closer to where employees live in the suburbs and smaller cities.
33 Degrees’ CRE Lifecycle Management works to increase the value of commercial, residential, and hotel properties by providing development and construction services.
“We are working with 33 Degrees to raise funds to reinvent coworking by creating life-giving workspaces that enrich, excite and inspire – it’s all about the community, convenience and giving back,” said Gonzalez.