It took the hotel industry 30 years to graduate from leases, and you have to have very strong, consistent economics to build the trust of landlord partners — so we’re particularly proud to be leading the industry on this front.”, —  Jamie Hodari, CEO and co-founder of Industrious. Photo: Industrious. Since its last round of funding, Industrious has grown its square footage by 129% and now spans over 80 locations across more than 45 U.S. cities. I had the pleasure to speak with Jamie Hodari, the CEO of Industrious, a provider of flexible workspaces, about his company’s path to success even through a pandemic. The industrious revolution was a process of household-based resource reallocation that increased both the supply of marketed commodities and labor and the demand for market-supplied goods. Industrious civilizations start the game with Masonry. First, Industrious is among a new cadre of real estate companies pushing the traditional landlord-tenant relationship into a hybrid of service-provider and hospitality expert. Brookfield, CPPIB invest in Industrious’ $80 mln Series D Industrious. Techspace Raises £5M in Funding. Funding. Second, Industrious's focus on management agreements aligns its interest with that of its landlord partners while also insulating Industrious from the payments mismatch that lurks in the next downcycle. The industrious revolution was a household-level change with important demand-side features that preceded the Industrial Revolution, a supply-side phenomenon. The Series D brings the total raised by Industrious to $222 million. Industrious was founded in 2013 and started to focus on landlord partnerships in 2018. Since its last round of funding, Industrious has grown its square footage by 129% and now spans over 80 locations across more than 45 US cities. It took the hotel industry 30 years to graduate from leases, and you have to have very strong, consistent economics to build the trust of landlord partners -- so we're particularly proud to be leading the industry on this front.". First, Industrious is among a new cadre of real estate companies pushing the traditional landlord-tenant relationship into a hybrid of service-provider and hospitality expert. 23 August 2019. The Series D brings the total raised by Industrious to $222 million. Industrious — one of the largest premium flexible workspace providers in the U.S. — announced it has closed $80 million in Series D funding focused on strategic landlord partners. The best way to experience the Industrious difference is to see it for yourself. Industrious is funded by 13 investors. It closed on an $80 million Series D round last year, as CO previously reported. Evolving to management contracts has not been easy. Those who knew Greg Land as a child probably wouldn’t have predicted that the bookish, brainy Texan would one day become an international businessman and world traveler. Industrious tells the same events than Insidious but this time from the POV of the United Nations Space Force earthly antagonists: the Chinese Divine Space Force. Technical.ly. “TF Cornerstone was excited about the opportunity to invest in Industrious primarily for two reasons. It also didn’t hurt that company’s economic performance is extremely impressive.”, — Jake Elghanayan, principal at TF Cornerstone. Industrious Raises $80M in Series D Funding Industrious. By FinSMEs Published on August 24, 2019 August 24, 2019. As recently reported by Bloomberg, Reuters, Commercial Observer, and others, Industrious has announced that it has closed an $80 million Series D funding round focused on strategic landlord partners. Industrious, a New York-based provider of workplace solutions, has raised $80 million in a Series D financing. It also didn't hurt that company's economic performance is extremely impressive.". NEW YORK, Aug. 22, 2019 /PRNewswire/ -- Industrious, the largest premium flexible workspace provider in the U.S., today announced that it has closed an $80 million Series D funding round focused on strategic landlord partners. Founded in 2013 by Jamie Hodari and Justin Stewart, the company provides members with stunning offices, inviting hospitality, and inspiring communities. Just recently, they raised $80 Million in Series D funding. The economic historian Jan de Vries coined the term “industrious revolution” in a series of remarkable articles and a synthetic volume that appeared in 2008. The Series D brings the total raised by Industrious to $222 million. Through landlord partnerships, Industrious manages and operates flexible workspaces, large enterprise suites, and building-wide shared amenities while providing landlords income 30% above a market lease. It has also increased revenue 140% year-over-year, and acquired two coworking companies, Assemble and TechSpace. Industrious Buys Office Space Provider TechSpace Industrious. That announcement joins news that the New York City-based firm raised $80 million in Series D funding today, bringing total investment in Industrious to $222 million. “The company is helping transform the way the commercial office market works, with a growing number of enterprises choosing Industrious as their long-term outsourcing partner for high quality and flexible office solutions. Industrious is a Rare Wrap in Battle Royale that can be obtained as a reward from Level 45 of Chapter 2 Season 3 Battle Pass. Its Workplace Experience platform, which pairs thoughtfully-designed spaces with hospitality-driven services and amenities, has reshaped the concept of coworking into a scalable solution for companies of all sizes and stages. It took the hotel industry 30 years to graduate from leases, and you have to have very strong, consistent economics to build the trust of landlord partners — so we’re particularly proud to be leading the industry on this front.”. Industrious Raises $80M in Series D Round. Industrious is the second largest, premium co-working space provider in the USA. The company is extremely vulnerable to knowledge loss due to retirement. Metropolises (over 12) receive an extra shield in production in the city square. It has also increased revenue 140% year-over-year, and acquired two coworking companies, Assemble and TechSpace. Don’t worry — we won’t sell or share this information. We evolved to a partnership-only approach about a year and a half ago and this latest round of funding capitalizes on that, allowing us to aggressively pursue our expansion goals sustainably, efficiently, and with little risk. FinSMEs. We evolved to a partnership-only approach about a year and a half ago and this latest round of funding capitalizes on that, allowing us to aggressively pursue our expansion goals sustainably, efficiently, and with little risk. from 8 AM - 9 PM ET. Not an uninteresting idea but this book is somewhat less good compared to the first because it suffers from two flaws: First, the books are not interchangeable. The company has the highest margins, most consistent unit economics, and highest customer satisfaction rating in the industry: – Highest margins – 30+% for existing leased units, 90+% for managed units, – Most consistent unit performance – 90% average occupancy for mature units, 10 month average time from launch to maturity, <1% net churn – Highest customer satisfaction ratings – NPS score of 74% – Revenue per workstation – 25+% higher than largest competitor, “Industrious is unquestionably the operating partner-of-choice for landlords, and from our end, partnering with landlords enables us to deliver the world’s most productive workplaces. Footnote 2 He argued that the laboring poor often lengthened their working hours and toiled with greater intensity during the long eighteenth century (1680–1815) in order to expand their purchasing power. When typing in this field, a list of search results will appear and be automatically updated as you type. It has also increased revenue 140% year-over-year, and acquired two coworking companies, Assemble and TechSpace. About IndustriousIndustrious is the largest premium flexible workspace provider in the U.S. with over 80 locations in more than 45 U.S. cities. Industrious is a premium workplace platform, blending five-star service, and stunning design to provide an unparalleled workplace experience for established professionals. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Highest margins - 30+% for existing leased units, 90+% for managed units, Most consistent unit performance - 90% average occupancy for mature units, 10 month average time from launch to maturity, <1% net churn, Highest customer satisfaction ratings - NPS score of 74%, Revenue per workstation - 25+% higher than largest competitor. Operator of premium flexible workspaces intended to reinvent the modern workplace. The company has the highest margins, most consistent unit economics, and highest customer satisfaction rating in the industry: "Industrious is unquestionably the operating partner-of-choice for landlords, and from our end, partnering with landlords enables us to deliver the world's most productive workplaces," said Jamie Hodari, CEO and co-founder of Industrious. Funds from the Series D will be used to expand the company’s suite of landlord services, double network size, both organically and through M&A opportunities, and support international expansion. NEW YORK, NY (August 2019) – Industrious, the largest premium flexible workspace provider in the U.S., today announced that it has closed an $80 million Series D funding round focused on strategic landlord partners. Their latest funding was raised on Aug 22, 2019 from a Series D round. The Series D brings the total raised by Industrious to $222 million. Industrious has secured over 20 landlord partners to-date including: Hines, EQ Office, Macerich, Jamestown LP, and more. The flexible workspace provider will continue expanding its network. Evolving to management contracts has not been easy. Industrious General Information Description. Industry and Idleness is the title of a series of 12 plot-linked engravings created by William Hogarth in 1747, intending to illustrate to working children the possible rewards of hard work and diligent application and the sure disasters attending a lack of both. This brings its total money raised to $222 million. Investors in the round include Riverwood Capital Partners, Brookfield Properties Retail, TF Cornerstone, Granite Properties, Equinox, Wells Fargo Strategic Capital, Fifth Wall Capital, and the Canada Pension Plan Investment Board. Flexible office operator Industrious has closed on a $80 million Series D funding round through its landlord partnerships. Industrious plans to use the Series C money to add new locations, increase its staff from 135 to around 210 and invest in data gathering. Germany UK. The company expects to be profitable in Q1 2020. The round accelerates Industrious’s industry-first evolution to exclusively signing asset-light and low-risk landlord partnerships. Industrious, an office space provider that counts WeWork among its rivals, named a new head of legal as it bolsters its management team ahead of a potential public listing in 2021. "We evolved to a partnership-only approach about a year and a half ago and this latest round of funding capitalizes on that, allowing us to aggressively pursue our expansion goals sustainably, efficiently, and with little risk. Industrious raises USD 80m Million in Series D funding to expand network size through landlord partnerships Hines collaborated with Fifth Wall, the venture capital firm, to "define and evaluate the evolution of the burgeoning flexible workspace landscape in a first-of-its-kind RFP process," which led to the selection of Industrious and Convene as operating partners. Industrious’ private offices and suites are just right for professionals looking for thoughtfully-designed, full-service workspaces. The round accelerates Industrious's industry-first evolution to exclusively signing asset-light and low-risk landlord partnerships. Industrious Raises $80 Million In Series D To Accelerate Asset-Light Growth Through Landlord Partnerships. Industrious had no brokers. Industrious’ news comes just days after flexible workspace provider Knotel raised $400 million in financing, securing its place as New York’s newest unicorn, and just a month before WeWork is expected to go public. 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