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Industrious raises Series D

Industrious CEO Jamie Hodari (Credit: Industrious)

Co-working startup Industrious has raised $80 million in a Series D funding round. Investors in the round included Brookfield, Equinox, Canada Pension Plan, TF Cornerstone, and Granite Properties. This brings its total money raised to $222 million.

  • Revenue-sharing agreements: Industrious is moving away from capital intensive leases for new locations to simply partnering with landlords to provide everything for tenants. Goal is to become a hotel management company for office space.
  • Be Smart: As the company competes with WeWork, it has built an impressive roster of clients. They include: Chipotle, Full Screen, Hyatt, Spotify, Lyft, and Instacart. 
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