Coworking space provider The Riveter announced its first round of institutional capital today with a $4.75 million raise led by Madrona Venture Group.
The Riveter, founded by Amy Nelson just 10 months ago, aims to provide women in business the tools and space to succeed. With two membership-driven workspaces in Seattle that serve as work and gathering places for female-managed businesses, The Riveter has quickly established a profile as a fresh take on co-working. It makes collaboration not just a matter of physical proximity by offering a digital collaboration and networking platform for members.
The Riveter will be using the funding to expand locations to Los Angeles and to additional cities across the country in the coming year. The company partners with leaders in business, sports, politics, and journalism to bring its unique formula for unlocking the economic power of women.