Female Co-working Space ‘The Wing’ Just Raised a Cool $75 Million
2018 was a big year for The Wing. The woman-led company opened additional female co-working spaces in Washington DC and San Francisco and is slated to open more locations in West Hollywood, Chicago, Boston, London, Toronto, and Paris next year.
Today, The Wing has another reason to celebrate. The startup announced earlier this week that it’s gained the support of Sequoia Capital in its most recent round of funding. The storied venture capital firm, along with support from Upfront Ventures and Airbnb, is pledging a cool $75 million Series C.
Since 2015, The Wing founders Audrey Gelman and Lauren Kassan have raised $117.5 million, including a $32 million Series B in November 2017.
The Wing’s staff is primarily female so it’s no surprise that Gelman and Kassan sought out female investors in its latest fundraiser. Jess Lee of Sequoia Capital and Kara Nortman of Upfront Ventures have both joined the company’s board of directors.
Another noticeable name participating in the financing is actress Kerry Washington. Washington has been an outspoken figured in both the #MeToo and Time’s Up movements.
In an official statement, Gelman said, “This investment will enable us to further The Wing’s mission and scale to new heights both offline and online.”
Workspace memberships at The Wing run $215 apiece per month and give members access to conference rooms, a cafe, library, beauty and lactation rooms, showers, and more all with stunning feminist imagery. As of December 2018, The Wing has more than 6,000 members.