Coworking firm Industrious has received $80 million in funding from several prominent investors, indicating that backers are more finding alternative solutions to WeWork.
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While there are uncertainties about the economy and WeWork’s upcoming IPO, executives at many flexible office firms, such as Convene and IWG, are confident in the sector.
A new report from CBRE has revealed the first half of the year saw flexible workspace leases rising by 52% to 4.6 million square feet in seven major cities across India.
More companies are realizing the benefits that digital nomadism can have on their productivity with the rise of the gig economy, but it is not one size fits all solution.
Flexible office firm Industrious announced it has closed an $80 million Series D funding round that will go towards accelerating the firm’s landlords partnerships.
Most coworking spaces are designed to suit the needs of men, so The Wing’s all-female design team has ensured that their workspaces are catered to the comfort of women.
WeWork’s IPO prospectus showed that it allots half of the 8-to-10 square meters per person suggested by the BCO, allowing them to fill their spaces more than other firms.
New York-based Knotel, one of WeWork’s rivals, has reached unicorn status after closing in on a $400 million funding round that brought its valuation to $1.3 billion.
RDI REIT, a UK-based real estate investment trust, has refinanced its London serviced office portfolio in a £75 million deal.
Scott Galloway analyzed and slammed WeWork’s recently published S-1.