NextSpace Expands Beyond California With New Funding, Chicago Acquisition

The coworking trend--which started in part in Southern California and its high tech startup ecosystem--looks to be spreading East, with news this week that NextSpace has raised $500,000 and acquired a Chicago company, to establish its first coworking site outside of California. NextSpace operates two locations in Southern California, including NextSpace @ Amplify along Venice Beach, and NextSpace Los Angeles. According to NextSpace, its first expansion outside California comes via the acquisition of a coworking operator called The Coop. The investment came from a Chicago real estate and private equity investor, Lakewest, along with angels. NextSpace is based in Santa Cruz, and also has a number of locations in the Bay Area. More information »