A Seattle-based coworking company with a female focus is including Dallas in its expansion plans this year.
The Riveter opened its first location in Seattle 10 months ago and has a location in Fremont, Washington. Now, the company said in a GeekWire article that it’s planning to expand this year into Dallas, Los Angeles, Denver, and Bellevue, Washington.
Earlier this month, The Riveter announced that it had raised $4.75 million in an investment round led by Seattle-based Madrona Venture Group.
“We’re raising now because we’re ready to grow.”
“We’re raising now because we’re ready to grow,” The Riveter founder and CEO Amy Nelson told GeekWire.
While The Riveter is open to everyone, what makes the company different is its amenities, programming, and other membership perks that are aimed toward female professionals.
For instance,The Riveter has mothers rooms, daily yoga classes, events featuring female leaders, and venture capital sessions for companies with female founders.
Nelson told GeekWire that female entrepreneurs are starting more than 1,000 businesses nationwide — a rate that’s five times faster than men.
“The reason we’ve seen so much success is that professional women are a really big market, and they are a market that no one has been paying attention to,” Nelson told GeekWire. “If you look across the entire spectrum of business offerings, you see very little built by women for women.”
The Riveter offers fewer private offices and more floating spaces than most other coworking companies, she said. That allows it to house more members.