NeueHouse, a US-based collaborative workspace provider backed by real estate firm Great Eagle, raised $30m in a funding round yesterday.
The round featured Ranger Global Advisors, an investment vehicle of the Diller-Von Furstenberg family office, private equity fund management company Gaw Capital and Revolut Ventures, the venture unit of investment management firm Meyer Bergman.
Founded in 2012, NeueHouse provides a network of workspaces in New York (NY) and Los Angeles (LA) for businesses and individuals to rent desks or private offices.
NeueHouse will open two new locations in LA with the new funding and plans to open new spaces in NY and establish sites in additional cities in North America including San Francisco, Toronto, Miami, Washington DC, Austin, Nashville, Seattle and Portland.
Property management company Great Eagle invested $25m in NeueHouse in August 2015, following a series B round of undisclosed size led by real estate investment firm Aeterna Capital. NeueHouse’s investors also include Cava Capital.
Josh Wyatt, CEO of NeueHouse, said: “Our vision at NeueHouse is to redefine the way creatives, artists and entrepreneurs work, collaborate, socialise and discover with design-driven spaces, cultural programming and unparalleled hospitality.”