Westhive receives 6 million for further expansion
Coworking provider Westhive has raised more than CHF 6 million in a financing round. New investors are a family office and the venture capital fund of the Migros Aare cooperative.
With the new funds of CHF 6.3 million, Westhive intends to invest in expansion to additional locations, among other things. Technology is also to be improved: Access to the locations, booking of meeting rooms as well as discounts for the in-house restaurants will be controlled via smartphone. The company wants to make this even easier in the future, says Andreas Widmer, one of the founders of Westhive.
The funding round is led by Fairway Family Office, a Zurich-based multi-family office with investments in a wide range of sectors, including real estate, hospitality and blockchain applications, Westhive says. Co-investor is MA Ventures, the corporate venture capital fund of the Migros Aare cooperative, it said. In addition, other private and institutional investors participated in the financing round.
Most recently, Westhive opened a location at Stettbach Mitte train station (ZH), and coworking spaces in Basel and in the Zug Tech Cluster are to follow later this year. In summer 2023, Westhive will open in Geneva, and further locations are in the pipeline, according to the company. (ah)
