Chicago-based national workspace company Workbox has opened its first Texas location at Victory Plaza on the north edge of downtown Dallas. At more than 50,000 square feet, Workbox Dallas-Victory Park is the company’s largest workspace outside of Chicago.
“We’ve been looking to grow into Dallas and the Texas market for a couple years now and jumped at the opportunity to start that journey in the bustling Uptown market,” Workbox co-founder and CEO John Wallace said in a statement. “In addition to attracting some of the most exciting businesses in the city, the Uptown neighborhood was also a choice location for us because of its retail, amenities and entertainment draw for our member base.”
Workbox Dallas-Victory Park offers entrepreneurs and businesses the opportunity to be a part of a coworking community of growing companies, the company said. In addition to flexible workspace solutions, member benefits include direct connection to over 100 capital and operating partners, programming and networking events, as well as connection to its wider member community and affiliates such as Workbox Ventures, the company added.
Workbox-Victory Park is located in the middle of Victory Plaza and next to American Airlines Center [Photo: Workbox]
The Victory Park location is directly next to American Airlines Center at 3090 Nowitzki Way, Suite 300, and is the company’s ninth location nationwide since launching five years ago.
Workbox said that members can enjoy two entire floors of workspace, lounges, conference rooms, open kitchens, and offices for teams ranging from one to 130 individuals.
Workbox said a new tenant-only fitness center and daytime lounge are also expected to be completed this month.
Workbox raises $17.5M Series A
In another announcement released today, Workbox said it had raised $17.5 million in a Series A equity round with a follow-on option to secure an additional $5.5 million.
Led by Chicago Atlantic, the funding round will help Workbox “accelerate its growth across the United States,” the company said, adding that the additional capital provides “significant liquidity to expand Workbox at a time when much of the sector remains heavily capital constrained.”
To date, Workbox said it has raised over $25 million in total capital ahead of its follow-on allocation.
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