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

The Wing will soon have 3 locations in NYC

New York /
Nov.November 21, 2017 11:45 AM

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 


Related Articles

arrow_forward_ios
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
WeWork CEO Adam Neumann (Credit: Getty Images and iStock)

WeWork’s side businesses are fizzling

WeWork’s side businesses are fizzling
Sarah Pontius (Credit: Union College)

Another head rolls at WeWork

Another head rolls at WeWork
Blackstone's Ken Caplan (iStock; Blackstone)

Industrial now 36% of Blackstone’s RE portfolio

Industrial now 36% of Blackstone’s RE portfolio
Almanac Realty Investors managing director Matthew Kaplan (Almanac Realty; iStock)

Workforce housing investor gets $320M boost

Workforce housing investor gets $320M boost
Corcoran to sublet 50K sf in IBM Building

Corcoran to sublet 50K sf in IBM Building

Corcoran to sublet 50K sf in IBM Building
 Robert Morse, executive chairman of Bridge Investment Group, one of the major Opportunity Zone investors focusing on real estate.  (Bridge, Stanford)

Opportunity Zone investments got a boost in 2020

Opportunity Zone investments got a boost in 2020
333 Johnson Avenue with Royalton Capital’s Jin Lee, Sciame Construction's Frank Sciame and Normandy Real Estate Partners' Finn Wentworth (Royalton Capital, Sciame, Normandy)

Normandy sued by former partners for hiding Netflix deal

Normandy sued by former partners for hiding Netflix deal
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...