Another challenger to WeWork is drawing cash from a slate of institutional investors as the office-sharing juggernaut faces the prospect of stiffer competition ahead of its initial public offering.
New York-based startup Industrious raised $80 million from backers including Brookfield Properties, luxury fitness chain Equinox and the Canada Pension Plan Investment Board, according to co-founder and Chief Executive Officer Jamie Hodari. Landlord peers TF Cornerstone and Granite Properties also participated in the round.
