New York co-working start-up Industrious plans to increase its number of locations to 60 by the end of the year , following an $142m series C funding round. Industrious, which has raised $80m in total, is positioning itself as a contender in an industry predicted to grow to more than 6,000 sites by 2022 , as companies such as the Blackstone Group , owned by Hines and Equity Office , seek out preferred partners. Coworking start-up Industrious said on Tuesday it raised $80 million to help double its number of sites to up to 60 this year and grow its roster of corporate clients as shared office space makes further inroads into U.S. commercial real estate. Industrious CEO Herbert Lash said he expects revenues to increase, but would not be drawn on a possible initial public offering.
New York co-working start-up Industrious plans to increase its number of locations to 60 by the end of the year , following an $142m series C funding round. Industrious, which has raised $80m in total, is positioning itself as a contender in an industry predicted to grow to more than 6,000 sites by 2022 , as companies such as the Blackstone Group , owned by Hines and Equity Office , seek out preferred partners. Industrious CEO Herbert Lash said he expects revenues to increase, but would not be drawn on a possible initial public offering.