NextSpace operates a network of physical and virtual coworking spaces for freelancers, entrepreneurs and creative-class professionals. Led by co-founder Jeremy Neuner and founded in 2008, the company is based in Santa Cruz, CA and runs nine locations across California and Chicago. The community represents more than 1,200 active members and has served over 2,500 members company-wide. The company recently raised $500K and concurrently acquired The Coop, a Chicago-based shared workspace. NextSpace intends to use the funds to increase membership capacity and amenities at The Coop and to identify other expansion opportunities in the Midwest corridor. Its locations include three sites in San Francisco, plus Berkeley, Venice Beach, Santa Cruz, Los Angeles, San Jose and NextSpace River North in Chicago. NextSpace operates a network of coworking locations that prioritizes community membership and connections across its sites. The company launched its first location in Santa Cruz in 2008 and has expanded to six locations, including two in San Francisco. Co-founders Jeremy Neuner and Ryan Coonerty emphasize community as the primary product rather than merely desk rental. NextSpace plans to add two to three more locations this year, with Berkeley indicated as the likely next site. Leadership is exploring ways for people to join the community with little or no use of physical space. Financially, the company has raised $825,000 in new funding and has now raised a total of $1.7 million from assorted angel investors, friends, and family; David Gensler has joined the board.

Total raised

$1M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2013