Industrious General Information Description. The flexible workspace provider will continue expanding its network. The round accelerates Industrious's industry-first evolution to exclusively signing asset-light and low-risk landlord partnerships. Germany UK. Industrious’ private offices and suites are just right for professionals looking for thoughtfully-designed, full-service workspaces. Since its founding in 2013, Industrious has helped thousands of companies scale their businesses while maintaining the highest NPS scores in the industry. It closed on an $80 million Series D round last year, as CO previously reported. Industrious has secured over 20 landlord partners to-date including: Hines, EQ Office, Macerich, Jamestown LP, and more. 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. We’ll use it to put you in touch with someone who can help you find the right solution for your business; to help you schedule a tour; and to send you marketing information. “We are excited to continue witnessing the amazing growth of Industrious, not only in terms of customers, locations and revenue, but also in terms of the maturity and quality of the service offering,” said . This story is part of Big Thinkers, a series of profiles on business leaders transforming industries with bold ideas. When typing in this field, a list of search results will appear and be automatically updated as you type. Don’t worry — we won’t sell or share this information. The list of strengths Before Conquests, workers worked at double speed but after Conquests this trait was weakened and now provide a 50% speed boost for workers improving terrain. 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. Order Reprints... August 26, 2019. 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 civilizations start the game with Masonry. “TF Cornerstone was excited about the opportunity to invest in Industrious primarily for two reasons. Just recently, they raised $80 Million in Series D funding. Industrious Raises $80 Million In Series D To Accelerate Asset-Light Growth Through Landlord Partnerships. At the same time, landlords are taking advantage of this opportunity by partnering with Industrious in order to provide a better offering and transform their properties.". For our biweekly newsletter to get tips on productivity, office design, and more — plus, updates on Industrious’ latest openings. Evolving to management contracts has not been easy. Private glass-walled offices, beautiful common areas, and amazing hospitality have made Industrious the country’s leading premium co-working business. 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. 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. The company expects to be profitable in Q1 2020. Industrious was founded in 2013 and started to focus on landlord partnerships in 2018. 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. Industrious Buys Office Space Provider TechSpace Industrious. 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. FinSMEs. Added Jake Elghanayan, principal at TF Cornerstone, "TF Cornerstone was excited about the opportunity to invest in Industrious primarily for two reasons. 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. 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. Investors in the round include Riverwood Capital Partners, Brookfield Properties retail group, TF Cornerstone, Granite Properties, Equinox, Wells Fargo Strategic Capital, Fifth Wall Capital, and the Canada Pension Plan Investment Board. 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. 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 company is extremely vulnerable to knowledge loss due to retirement. 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