WeWork Leads $32M Series B For Women's Co-Working Club
A women’s only social and co-working club has been making waves with its concept.
Now, it has reached a pivotal milestone after raising $32M in Series B round funding. This marks one of the largest Series B rounds raised by female founders, Forbes reports.
The company, called The Wing, was created to provide a space for women to grow as entrepreneurs and business owners while building a community together. On top of offering members a beautifully decorated space in which to work, The Wing also hosts frequent events such as book clubs, cooking classes and talks by notable women like Diane von Furstenberg.
Its rapid growth and popularity did not go unnoticed by its competitors. But rather than going head-to-head with the women’s co-working concept, the biggest player in the field, WeWork, was the lead investor in the Series B.
With the investment of WeWork, among others, The Wing has raised more than $42M since opening a little over a year ago in Manhattan.
It has since expanded with a second location in SoHo. A third is planned to open in Brooklyn in January while another will open in Washington, D.C., in 2018, Mashable reports.
Those hoping to join as members may have to practice some patience. The Wing already has an estimated 1,500 members along with an 8,000-person waiting list.