Coworking investment reached $4.99 billion in the US market alone in 2025.
The sector transforms. Corporate occupiers now treat flexible workspace as core portfolio strategy. Revenue-share models replace traditional leases. Niche operators attract targeted funding.
This guide lists active coworking investors writing checks in 2025. Focus areas, typical investments, and direct contacts included.
Track your coworking pitch deck
Built a unique coworking concept. Corporate pilot signed. Unit economics proven.
But investors don't respond to your emails.
Stop sending PDFs as attachments. They get buried. Track engagement instead. See which slides investors study.
Top 20 coworking Investors
1. Fifth Wall
Largest proptech VC with dedicated flex office practice.
Investment focus: Coworking platforms, workspace technology, hybrid office solutions
Investment range: Series A-C, $5M-$50M
Notable investments: Industrious (pre-acquisition), flex office platforms
Contact: fifthwall.com
2. Cushman & Wakefield Ventures
CRE giant's strategic investment arm.
Investment focus: Workspace innovation, coworking operators, office tech
Investment range: Strategic investments, varies
Notable investments: Flexible workspace operators globally
Contact: cushmanwakefield.com
3. JLL Spark
JLL's proptech venture fund.
Investment focus: Future of work, flexible office, workspace analytics
Investment range: Series A-B, $2M-$20M
Notable investments: Coworking tech platforms
Contact: jll.com/spark
4. Hines Ventures
Real estate developer's innovation fund.
Investment focus: Next-gen office concepts, coworking operators
Investment range: Strategic partnerships, equity investments
Notable investments: Premium coworking brands
Contact: hines.com
5. CBRE Ventures
Following $400M Industrious acquisition in 2025.
Investment focus: Workspace-as-a-service, coworking M&A
Investment range: Acquisitions and strategic investments
Notable investments: Industrious acquisition, workspace platforms
Contact: cbre.com
6. Vertex Ventures
Southeast Asia's leading tech investor.
Investment focus: Coworking expansion in Asia
Investment range: Seed to Series B, $2M-$20M
Notable investments: Spacemob ($5.5M)
Contact: vertexventures.sg
7. RMZ Ventures
Indian real estate conglomerate's venture arm.
Investment focus: Flexible workspace in emerging markets
Investment range: Series A+, strategic partnerships
Notable investments: Indian coworking operators
Contact: rmz.com
8. Keppel Land
Asian real estate developer investing in flex space.
Investment focus: Premium coworking, enterprise flex solutions
Investment range: Strategic investments and JVs
Notable investments: Smartworks and regional operators
Contact: keppelland.com
9. WestBridge Capital
Growth equity investor in workspace.
Investment focus: Profitable coworking operators, consolidation plays
Investment range: Series B+, $10M-$50M
Notable investments: IndiQube (pre-IPO)
Contact: westbridge.com
10. Sequoia Capital India
Active in Indian coworking boom.
Investment focus: Tech-enabled workspace, managed office platforms
Investment range: Series A-C, $5M-$30M
Notable investments: Multiple Indian coworking brands
Contact: sequoiacap.com/india
11. Anthill Ventures
Speed scaling investor for workspace innovation.
Investment focus: Niche coworking concepts, workspace tech
Investment range: Seed to Series A, $500K-$5M
Notable investments: Specialized coworking operators
Contact: anthillventures.com
12. East Ventures
Southeast Asian tech investor.
Investment focus: Coworking tech platforms, regional expansion
Investment range: Seed to Series A
Notable investments: Regional coworking brands
Contact: east.vc
13. Ananta Capital
Growth capital for Indian workspace.
Investment focus: Managed office space, enterprise coworking
Investment range: Series A+, $5M-$20M
Notable investments: Smartworks
Contact: anantacapital.com
14. Rocket Internet
Global venture builder in workspace.
Investment focus: Coworking rollups, international expansion
Investment range: Seed to growth, operational support
Notable investments: Various coworking brands globally
Contact: rocket-internet.com
15. Propel Venture Partners
Fintech-proptech crossover investor.
Investment focus: Workspace fintech, coworking payments
Investment range: Series A-B, $3M-$15M
Notable investments: Workspace management platforms
Contact: propelventurepartners.com
16. Starwood Capital
RE private equity with flex office investments.
Investment focus: Premium coworking, trophy assets conversion
Investment range: Large-scale investments, $50M+
Notable investments: Premium workspace brands
Contact: starwoodcapital.com
17. Blackstone Real Estate
Largest RE investor exploring flex models.
Investment focus: Institutional-grade coworking, portfolio conversions
Investment range: $100M+ deals
Notable investments: Strategic workspace partnerships
Contact: blackstone.com
18. Iron Pillar
India-focused growth equity.
Investment focus: Profitable coworking operators
Investment range: Series B+, $10M-$30M
Notable investments: Pre-IPO coworking companies
Contact: ironpillar.com
19. Accel Partners
Global VC with workspace investments.
Investment focus: Tech-enabled coworking, workspace SaaS
Investment range: Series A-B, $5M-$25M
Notable investments: Coworking tech platforms
Contact: accel.com
20. Matrix Partners
Active in Asian coworking market.
Investment focus: Coworking expansion, workspace innovation
Investment range: Series A-C, $3M-$20M
Notable investments: Regional workspace brands
Contact: matrixpartners.com
How to approach coworking investors
What investors seek in 2025
Revenue-share models beat traditional leases. Show partnerships with landlords.
Unit economics matter. Prove 80%+ occupancy at location level.
Enterprise contracts drive valuation. Corporate clients pay 3x freelancer rates.
Key metrics
- Occupancy rate by product type
- Revenue per square foot
- Member retention (target: 85%+)
- Corporate vs. individual mix
- EBITDA margins (20%+ expected)
Differentiation required
Generic coworking struggles. Successful raises show:
- Clear target market (women-only, designers, specific industry)
- Unique amenities beyond desks
- Technology platform advantage
- Multi-city expansion plan
Alternative funding sources
Real estate partnerships
Landlords offer revenue-share deals. No upfront capital required.
Management contracts provide 15-30% of gross revenue.
Franchise models
Venture X: 15,000+ sq ft requirement
Office Evolution: 10,000 sq ft option
Regus/IWG: Various franchise formats
Crowdfunding success
The Coven: $349K via iFundWomen
Focus on community building
Pre-sell memberships during campaign
Recent funding & exits
2025 activity
CBRE acquired Industrious: $400M
IndiQube IPO: 12.4x oversubscribed
Smartworks IPO: Raised $173M from anchors
Recent rounds
The Wing: $32M for women-focused spaces
Fuigo: $4M seed for designer coworking
Spacemob: $5.5M for Southeast Asia expansion
Why some fail
Undifferentiated offering. WeWork already does generic.
Poor location selection. Secondary locations need specific audience.
Ignoring enterprise needs. Consumer-only models struggle.
How Ellty helps coworking startups
Coworking pitch decks are visual. Renderings, floor plans, community photos matter.
Ellty shows you:
- Which location slides get most attention
- If investors skip financial projections
- When they forward to real estate teams
Real data: Coworking startups using Ellty see 3x response rates versus PDFs.
FAQs
Q: Minimum space for institutional investment?
15,000+ sq ft in primary markets. 10,000 can work with strong concept.
Q: Best markets for coworking investment?
Secondary tech hubs. Lower costs, growing startup ecosystems.
Q: Revenue share vs. traditional lease?
70% still use leases, but revenue share growing fastest.
Q: Time to profitability?
12-18 months per location with 70%+ pre-leasing.
Q: Exit opportunities?
Strategic acquisition by CRE firms or IPO at scale.
