AlleyNYC, a co-working space founded 2012, has raised $16 million in funding led by Vandewater Capital Holdings, with participation from Entrepreneur Media.
AlleyNYC was started by Jason Saltzman and Nsi Obotetukudo who wanted to create more than a room full of desks. They wanted to create a community, where entrepreneurs were constantly bringing value to each other.
They have since grown the Alley to nearly 200 members with over 50 early stage companies calling the co-working space their home. With the new financing, AlleyNYC is expanding to a second space in Chelsea with 40,000 square feet. The current space, in Midtown Manhattan, has around 16,000 square feet.
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