Chicago-based workspace operator, Workbox, has secured $17.5 million in Series A funding led by Chicago Atlantic with an option for an additional $5.5 million. This investment will support the company’s expansion across the United States as it continues to grow rapidly with ten locations in five cities.
Workbox CEO and Co-Founder John Wallace stated that their revenue has more than doubled every year since its inception and this capital partnership will allow them to tap into the trillion-dollar sector of workspace operations. According to Founding Partner at Chicago Atlantic John Mazarakis, Workbox stands out for its customer acquisition strategies and innovative approach towards operations management.
The recent announcement of new locations in both Chicago and Dallas further solidifies Workbox’s position as one of the fastest-growing operators nationwide. With a hands-on approach towards operations, they are well-positioned for long-term growth and success according to Mazarakis.
