Brooklyn’s Own Coworking Contender Industrious Just Raised $37 Million

Inside Industrious's Chicago Location

The coworking land grab remains in full effect, as Industrious today announced that it has raised $37 million in Series B funding. The round was led by Riverwood Capital, a Silicon Valley venture capital firm whose previous investments include Ticketfly and GoPro. Outlook Ventures, based in the Bay Area, and Maplewood also participated.

It’s raised $51 million to date.

Industrious, which is headquartered in Prospect Heights but originally launched in Chicago, has sought to go toe to toe with WeWork, widely considered the leader in the industry (and so funded it’s practically obscene). The company has locations in 11 cities including Atlanta, Chicago, and Philadelphia, whose opening our sister site Technical.ly Philly covered last year. It also has one location in Brooklyn, in Prospect Heights.

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