The Real Deal New York

WeWork leads $32M Series B for women-only co-working club

The Wing will soon have 3 locations in NYC
November 21, 2017 11:45AM

From left: The Wing Flatiron, SoHo and co-founders Audrey Gelman and Lauren Kassan (Credit: The Wing)

A women-only co-working club, the Wing, just raised a $32 million Series B round of funding, the bulk of which came from unicorn competitor WeWork.

This round of financing brings the total investment in Wing to more than $42 million, Forbes reported. The company raised an $8 million Series A round of funding in April.

The company opened its first location in the Flatiron District in October 2016, and opened its second this year in Soho. A third location is set to open in Dumbo in January. The Wing is looking to open another location in Washington D.C. early next year and also has plans for spaces in San Francisco and Los Angeles.

At last check, the Wing said it had a waiting list of 8,000 women.

CEO and co-founder Audrey Gelman told Fortune separately that the new capital will help expand the company’s footprint, add employees and start a scholarship program for women who can’t afford Wing’s rates.

“It frees us up a little to focus on community and brand,” Gelman told Forbes. [Forbes] — Kathryn Brenzel