workspaces

Washington based startup Workchew, which provides co-working spaces for remote working groups, announced on 17th March 2021 that it has raised US $ 2.5 million in its seed funding round. The round was led by Harlem Capital along with participation from many other investors including RW Capital Partners, Relish Works, Techstars Ventures, Wilshire Lane Partners, Chris Maguire, Kyle Tibbitts and more.

Investors: The lead investor Harlem Capital is a venture capital firm based in New York. It is an early-stage investor founded in the year 2015 with Brandon Bryant, Henri Pierre-Jacques, Jarrid Tingle and John Henry as the founders. It ambitiously seeks to enhance diversity in the entrepreneurial world by focusing its investments on minority and women founded startups/ventures. It has set its target to invest in at least 1,000 diverse founders over the next 20 years.

“The pandemic has significantly altered how we work. Harlem Capital believes it’s very unlikely that knowledge workers go back to commuting and working in the office five days a week after seeing the benefits of remote work. However, we all still yearn for human connection. Having a place to work individually or with colleagues in flexible, comfortable settings outside of the home is appealing for many people”—Jarrid Tingle, Managing partner at Harlem Capital.

Purpose of investments: Currently Workchew has its presence in Washington DC, Philadelphia and Chicago. However, it soon plans on opening in many other cities including Los Angeles, Miami, San Francisco, Denver and more. With the new round of funding Workchew also plans to increase its team, ramp up its product development and enhance its marketing strategy to acquire more customers.

About Workchew:

Workchew was founded in October 2018 by Maisha Burt and Allyson McDougal. Its primary service is that it helps remote working groups or employees to connect and engage in a work-friendly environment.

Workchew has garnered partnerships with many hotels, restaurants, conference halls and guest rooms to create multiple workplaces within a city. Typically employees or companies can book workplaces in different restaurants, and they are also provided with additional perks such as discounted rates for food and beverage.

This model is also believed to help restaurants and hotels by adding a new source of revenue to their businesses.

What the founder has to say:

“WorkChew is a solution that means less miles travelled for the employee, fewer dollars spent by the company on more expensive coworking space, and incremental revenue for hospitality partners. Innovative and forward-thinking companies are actively considering solutions that improve workforce productivity and experience away from the office.”–Maisha Burt, founder of Workchew.

For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.


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