The Riveter raises $15m for its female-focused coworking space

Female-focused co-working startup, The Riveter, raised $15m expand beyond the West Coast

December 12, 2018

The Riveter, a women-focused coworking space, raised a $15m Series A to expand beyond the US West Coast — one of several coworking spaces attempting to differentiate themselves from WeWork with programming tailored specifically to women.

A company with big ambitions for women with big ambitions

Founder Amy Nelson launched The Riveter in 2016 as a workspace to empower all people, particularly women and people marginalized in traditional business settings (25% of members aren’t women). 

Since then, The Riveter has grown to 5 locations in the Seattle and Los Angeles metro areas that accommodate more than 2k members. The Riveter plans to open 8 new locations in 2019 and 100 locations by 2022.

The future (of coworking spaces) is… fluid

“I don’t think the future is female, I think the future is fluid,” Nelson explains. “Gender is becoming an outdated idea, but at the same time, it’s important to think of women when we build these spaces.”

The Riveter is not the only coworking space thinking of women: Competitors Hera Hub, Quilt, and The Wing (which has raised $42.5m) also offer female-focused networking support, workshops, and amenities.

As WeWork (which is valued at $35B) continues to expand, competitors need to double down on their advantages (feminine and otherwise) to stay competitive.

Join 1.5m+ professionals getting The Hustle daily news brief

Business and tech news in 5 minutes or less

100% free, no ads or spam, unsubscribe anytime


How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

Join us, it's free.

Look, you came to this site because you saw something cool. But here’s the deal. This site is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try.

If you don’t like it, unsubscribe any time. Privacy policy.