Brookfield, CPPIB invest in Industrious' $80 mln Series D
Industrious, a New York-based provider of workplace solutions, has raised US$80 million in a Series D financing. The round, which brings total funding to US$222 million, was backed by several investors, including Brookfield Properties, an affiliate of Brookfield Asset Management, and Canada Pension Plan Investment Board (CPPIB). Founded in 2013, Industrious operates flexible workspaces and related sites through landlord partnerships. It currently has more than 80 locations in over 45 U.S. cities. The funds raised will be used for growing landlord services, doubling the company's network size, and expanding globally.
22 August 2019•4 mins read
