NeueHouse, a New York-based cultural and collaborative workspace company for creatives, artists and entrepreneurs, has announced that it has raised $30 million led by an investment vehicle of the Diller-von Furstenberg Family Office. New strategic investors Gaw Capital and Revolt Ventures also participated in this round.
The company also announced that Josh Wyatt has been named as CEO. Wyatt worked closely with Gil Weisblum of the Diller-von Furstenberg Family Office on this funding round.
With this round of funding, NeueHouse is going to scale its platform and invest further into its existing operations and programming. NeueHouse is currently at capacity and it has waitlists at both flagship locations in New York and Los Angeles.
The near-time expansion will include two new locations in LA (Venice and Downtown). And the company is planning to open new locations in New York City, San Francisco, Toronto, Miami, Washington DC, Austin, Nashville, Seattle, Portland, and several other cities across North American.
“The NeueHouse brand is a potent growth engine living at the intersection of the real estate, hospitality, industry brand and digital worlds. Our vision at NeueHouse is to redefine the way creatives, artists and entrepreneurs work, collaborate, socialize and discover with design-driven spaces, cultural programming and unparalleled hospitality. As I step into my role, I’m doubling down on this vision to enhance our offering and scale our boutique platform to better serve our members wherever they may be,” said Wyatt in a statement. “We are grateful to our partners at the Diller–von Furstenberg Family Office, Gaw Capital and Meyer Bergman’s Revolt Ventures, who are a perfect strategic fit for our business and whose collaboration and counsel will be invaluable as we embark on this next chapter for NeueHouse and its members.”
Wyatt used to be the President of Equinox Hotels. And prior to that position, he was the Co-Founder and Chief Strategic Officer of Generator Hostels. Generator Hostels sold for $550 million in May 2017.
“Because we invest in leaders, not just businesses, our board spent considerable time undertaking a thorough search to find the right person to lead the growth of NeueHouse,” added Gil Weisblum, Senior Managing Director of the Diller–von Furstenberg Family Office and Co-Chairman of the NeueHouse Board of Directors. “Josh’s success in scaling platforms coupled with his credentials in hospitality and design made him the ideal candidate for this role. NeueHouse and its investors share a defined purpose, passion and focus. Together, we will help scale NeueHouse’s differentiated brand proposition to better meet the growing demand among creative entrepreneurs and disruptive businesses and brands for flexible, elevated and inspiring work spaces.”