NextSpace Closes $625K Angel Round of Investment Funding

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Coworking & Alternative Workspace Leaders complete angel round for expansion of current and new spaces around California

NextSpace is more than an alternative workspace; we’re pioneers in coworking. Everything we do is geared to facilitate growth and success for our members, well beyond providing clean work space, good lighting and fast Wifi.

NextSpace, the leader in coworking and alternative workspaces, has completed an angel round of at risk funds that totaled $625,000.00. The funding round, which began in January 2011, was completed in multiple stages of investment and closed on May 16, 2011. NextSpace is immediately putting the investment to use by opening a new location, NextSpace Los Angeles (NsLA) in Culver City, CA. Additionally, NextSpace San Francisco (NsSF) doubled the size of their location from 3700 square feet to 7500 square feet. The company intends to open two additional California locations before the end of 2011. The funding comes from angel investors who believe in NextSpace as the ideal workspace model for a changing American economy.

With locations in downtown Santa Cruz, San Francisco and now Los Angeles, NextSpace provides freelancers, entrepreneurs and small businesses a professional, flexible place to work. NextSpace members represent varying occupations, industries and skill sets including: social media companies, iPhone app developers, software companies, independent engineers, graphic designers, web developers, attorneys and other professionals. The NextSpace work environment encompasses a diverse and complementary mixture of skills that enable members to accelerate opportunities in what’s referred to as the “NextSpace Effect (TM).” The NextSpace Effect is an open, shared environment that leads to organic opportunities members wouldn’t find in a home office or typical “coffee shop” freelance setting.

“NextSpace is more than an alternative workspace; we’re pioneers in coworking. Everything we do is geared to facilitate growth and success for our members, well beyond providing clean work space, good lighting and fast Wifi,” said Jeremy Neuner, Founder and President of NextSpace. “This funding helps us continue to implement creative programs for our members and expand our locations to make the ‘NextSpace Effect (TM)’ available to more people in more places.”

Useful Links:
NextSpace Website: http://www.nextspace.us
Virtual Tour: http://nextspace.us/take-a-tour/

NextSpace Locations:
NsLA:
9415 Culver Boulevard
Culver City, CA 90232
P. 310.606.2716
nextspacela(at)nextspace(dot)us

NsSF:
28 2nd Street
San Francisco, CA 94105
P. 415.513.0456
nextspacesf(at)nextspace(dot)us

NsSC:
101 Cooper Street
Santa Cruz, CA 95060
P. 831.420.0710
nextspace(at)nextspace(dot)us

About NextSpace:
NextSpace, the leader in coworking and alternative workspace, offers memberships at convenient, desirable office locations in downtown Santa Cruz, San Francisco and Los Angeles, CA. Memberships include office infrastructure such as phones, wifi print/fax services, and range from shared desk space and personal workstations to full private offices. NextSpace is breaking new ground with environments that encourage organic collaboration between its professional members - the “NextSpace Effect.” Coworking at NextSpace focuses on facilitating collaboration to help accelerate members’ businesses.

NextSpace provides the innovative physical and virtual infrastructure that freelancers, entrepreneurs and creative professionals need to succeed in the 21st century economy. In an increasingly disconnected world, NextSpace creates a collaborative community that is revolutionizing the nature of work.

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David Speiser
DRSmedia
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