Led · Series B · Jun 2021

New Stand builds modern smart vending physical products that can be placed in office lobbies, building floors, hotels, college campuses, airports and other locations, paired with an app that provides convenience and location-based media. The product offers basics like snacks, books and personal care items alongside curated content, points and rewards. The company describes itself as a "day improvement" business and is positioning its platform as both a consumer convenience and a media/technology channel. New Stand is pushing into the office vertical with a workplace amenity called New Stand at Work and is aiming to evolve from primarily a consumer business to an enterprise-facing offering for employers and landlords. Founded in 2015 and based in New York, the company currently operates in about 20 locations. Financially, New Stand has raised a $40M Series B and has now raised just over $56M in total to date.

Participated · Series D · Aug 2019

Industrious is a flexible workspace provider that manages and operates flexible workspaces, large enterprise suites, and building-wide shared amenities through landlord partnerships. Its Workplace Experience platform pairs designed spaces with hospitality-driven services and amenities to offer a scalable solution for companies of all sizes. The company operates over 80 locations in more than 45 U.S. cities and has secured over 20 landlord partners, including Hines, EQ Office, Macerich and Jamestown LP. Through landlord partnerships Industrious provides landlords income approximately 30% above a market lease. The company plans to use new funding to expand its suite of landlord services, double its network both organically and through M&A, and support international expansion. Founded in 2013, Industrious expected to be profitable in Q1 2020. Industrious operates a premium coworking and workplace‑services business across some 35 locations in 25 U.S. cities. The company offers coworking space, private-branded entrances for larger clients, office design and workplace services. It is shifting away from capital‑intensive new leases toward partnerships with property managers to lower launch costs for new locations. Industrious is investing in a product suite and long‑term data infrastructure to collect and analyze how people use workspace. Management treats the business as a subscription model and reports overall net negative churn. Notable clients include Chipotle, Full Screen, Hyatt, and Instacart; the company has raised $142 million in total funding to date. Industrious operates a premium coworking business offering private offices, communal lounges, conference rooms and shared relaxation spaces. It targets larger, more established customers — from Spotify and Lyft to corporations like Hyatt — and serves teams of roughly 1 to 150 people in a building. The company has thousands of customers nationwide, earns a 30 percent margin, and is cash-flow positive. Industrious limits liability by buying shorter leases and sometimes simply operating buildings owned by others. It recently acquired PivotDesk, a digital flexible workplace platform, and plans to use new capital to open more locations beyond hubs in NYC, LA, Columbus and St. Louis. Founders Jamie Hodari and Justin Stewart emphasize customer service and inclusivity as core to the product. Industrious operates a premium co-working business offering flexible leases, private offices for one- to ten-person teams, and extensive common spaces. The company lists clients such as Instacart and Pinterest. Cofounded in 2013 by Jamie Hodari and Justin Stewart, Industrious currently has 12 locations across the country, including Atlanta, St. Louis, Brooklyn, Los Angeles, Minneapolis, Raleigh, Chicago, Austin, and Nashville. According to the company it has seen 5x year-over-year revenue growth. The latest funding is intended to support expansion into new cities and add additional locations in markets it already serves. Industrious focuses on high-quality physical space and service rather than the software-based offerings of some competitors.

Participated · Series B · Jun 2018

Honest Buildings offers a project management platform designed for real estate owners to manage capital and construction projects. The platform is used by global, national and local owners including Brookfield, Oxford Properties, First Capital Realty, The Durst Organization, Beacon Capital Partners, Invesco, SL Green, Silverstein Properties, JBG Smith, and others. The company plans to use new funding to invest in product, engineering, design and customer success teams, and to expand the platform’s scope of functionality. Management intends to double staff in the next year. Honest Buildings is led by Co‑Founder and CEO Riggs Kubiak and is based in New York City. To date the company has raised $48M. Honest Buildings is a project-management platform built for and backed by real estate owners. The platform serves owners including Brookfield, Oxford Properties, Beacon Capital Partners, Invesco, SL Green, The Durst Organization, Silverstein Properties, JBG Smith, Harvest Properties, Parkway Properties, and Rudin Management. Led by founder and CEO Riggs Kubiak and based in New York City, the company provides project management tools tailored to real estate owners. It raised an additional $3.5M in Series B funding, bringing the Series B to $25M and total investment to date to $43M. Honest Buildings intends to use the funds to expand across North America and beyond, grow its product and business development teams, and explore new partnerships and integrations. Honest Buildings offers a project management technology platform designed to help commercial real estate owners complete capital and construction projects on time and on budget. The platform is used by major owners and managers including Brookfield, Oxford Properties, Beacon Capital Partners, Invesco, SL Green, The Durst Organization, Silverstein Properties, JBG Smith, Harvest Properties, Parkway Properties and Rudin Management. The company is led by CEO Riggs Kubiak. In October 2017 Honest Buildings announced a $13M Series B, and in 2018 it raised an additional $8M, bringing the total Series B to $21M. The new capital is intended to support expansion across North America and into select international markets and to grow its product and business development teams. Michael Turner of Oxford Properties joined the Honest Buildings board in conjunction with the funding. Honest Buildings offers a project-management platform specifically for real estate owners and operators, centralizing project data, automating bid management, standardizing reporting, and increasing transparency. The product is used to manage capital and construction projects portfolio-wide to help owners deliver projects faster, reduce costs, and make data-driven decisions. Customers named in the article include Brookfield, Beacon Capital Partners, Invesco, JBG Smith, SL Green, Parkway Properties and Rudin Management. The company reports over $6 billion in projects have run through the platform and a 500% growth rate, with expansion to properties in every U.S. state and into Canada. Recent new users include The Durst Organization, Silverstein Properties, Harvest Properties, Divco West and Washington REIT. Honest Buildings emphasizes building its platform in partnership with real estate owners and continuing to scale adoption among large landlords. Honest Buildings operates a centralized online network that connects real estate owners and developers with their vendors. It provides a secure procurement and workflow platform built specifically for real estate owners, managers, and investors to automate project bidding and review, reduce project costs, and mitigate counterparty risk. The company has facilitated nearly $600 million of construction projects since its founding and counts clients including WeWork, Kushner Companies, Equinox, Benchmark Real Estate Group and Madison Realty Capital. Launched in 2012 and led by founder and CEO Riggs Kubiak, Honest Buildings is based in New York City. The company has raised more than $17 million in venture capital to date and recently closed a $5 million strategic A-2 financing.

Participated · Series C · May 2017

Convene Hospitality Group operates a house of hospitality brands—including Convene, etc.venues, and NeueHouse—offering dedicated meetings, events, and boutique hospitality spaces with design-forward venues, production capabilities, and chef-driven cuisine. Launched in 2009 and headquartered in Manhattan, the company positions itself as the largest provider of dedicated meetings and event venues in the U.S. and UK. Convene emphasizes human-centered service, performance-focused operations, and advanced production and design capabilities. With the new $230 million financing, Convene plans to accelerate global expansion through new development, technology and production investment, and selective acquisitions. The company has slated New York City openings in 2026, including a Convene in the Scholastic Building in SoHo and immersive venues The Aperture and The Mallory.