Co-Working Company Daybase Closes $9.6 Million Seed Round

NEW YORK — Daybase, a provider of co-working spaces, has closed on a $9.6 million seed funding round. This  financing will enable further development of the company’s growing network of on-demand, professional-grade coworking locations in residential areas, along with new tools to support hybrid workers and companies.

The funding round was led by True Ventures and included participation from Company Ventures; Good Friends; and New York City real estate owners including the Milsteins, Lefraks and Rudin Ventures, among others.

“One differentiator between a good and great opportunity, in our experience, is when a founding team has worked together and engaged with a problem before, and Daybase’s has,” said Ariel Winton-Jones, Principal at True Ventures. “Hybrid work is an enormous new frontier forcing sudden changes for nearly every company and millions of workers – and their families – worldwide. As investors in both consumer brands and a number of tools for remote work, we’re excited to back more founders defining the hybrid future. Daybase’s founding team brings tons of relevant insights and experience in execution, along with constructive curiosity, to this massive market.”

The investment marks the company’s second significant milestone in recent weeks, after the successful opening of the first Daybase location in Hoboken, NJ. Conveniently located in a modern, ground-level space on the Washington Street retail and residential corridor, the inaugural Daybase workspot already has welcomed more than 300 members seeking a better workday near home, but not at home. The company has a waiting list of 5,000 members across the country, demonstrating the widespread desire for a better alternative to putting up with the pain points of either working from home or commuting to an office building located far from the rest of their lives.

“The future of work is here,” said Daybase CEO Joel Steinhaus. “This investment in Daybase is a strong show of confidence in our vision to offer workers everywhere the flexibility and convenience of on-demand workspots close to home. We are thrilled to welcome this strategic group of partners joining our mission to make Daybase the space for you to seize your workday wherever you are.”