The Industrious office space in Nashville is one of the company's 18 locations. Industrious recently purchased Boulder's PivotDesk for an undisclosed amount.

Brooklyn-based luxury co-working company buys Boulder’s PivotDesk

BOULDER — PivotDesk Inc., an online marketplace for office sharing, was bought by one of the largest high-end co-working companies, Industrious.

Brooklyn-based Industrious has 18 co-working spaces, including in Los Angeles, Chicago, Atlanta and Denver.

PivotDesk, which helps businesses find where there is excess space they can use to work, will continue operating with its own team as a subsidiary of Industrious, according to a prepared statement.

Terms of the deal, including acquisition price, were not released, and spokespeople for PivotDesk and Industrious did not return requests for comment by the time of publication.

The news comes at the same time Industrious added $25 million to its Series B round of funding, bringing the round total to $62 million.

“For us, buying Pivotdesk is the first step in building out a physical and digital set of solutions that add up to a true outsourced flexible workplace solution for our customers,” wrote Industrious CEO Jamie Hodari in a blog post. “One that delivers spaces teams love no matter who or where they are.”

In April 2014, PivotDesk expanded into 23 cities, including Los Angeles, Chicago, Seattle and Austin, Texas. It had also raised $7.3 million in venture funding at that time.

In 2012, PivotDesk was a Techstars company. Venture-capital firm Foundry Group — which includes Techstars co-founder Brad Feld — is an investor in PivotDesk.

Comments

Start a discussion in the form below.

To participate in commenting, you must enable JavaScript.