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§ Private Profile · 174 W 4th St 240, New York City, New York, 10014, United States
Franchisor providing on-demand, professional-grade workspots for hybrid workers in neighborhood suburban communities across the U.S.
Based in New York City, Daybase is a real estate and enterprise workplace company that provides on-demand, neighborhood-level coworking spaces for hybrid workers through a franchise model. The organization operates as a franchisor, charging local owners licensing fees in exchange for standardized floor plans, branding, marketing support, and proprietary application technology. Operating with an estimated 11 to 50 employees, the company opened its inaugural Hoboken location in early 2022, quickly attracting over 300 active members and generating a national waitlist of 5,000 individuals. To finance its suburban network expansion and software development, the enterprise secured $9.6 million in seed funding from a syndicate of investors led by True Ventures, with participation from Company Ventures, Good Friends, and Rudin Ventures. Daybase was officially founded in 2020 by former WeWork executives Joel Steinhaus and Doug Chambers.
Daybase has raised $10.0M across 1 funding round.
Daybase has raised $10.0M in total across 1 funding round.
Daybase has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Seed in March 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2022 | $10M Seed | True Ventures | Company Ventures, Good Friends, Lefrak, Milstein Family, Rudin Ventures | Announced |
Daybase has raised $10.0M in total across 1 funding round.
Daybase's investors include True Ventures, Company Ventures, Good Friends, LeFrak, Milstein Family, Rudin Ventures.
Daybase is a technology company specializing in hybrid work solutions, offering a network of on-demand, professional-grade coworking spaces located close to home in neighborhoods and communities across the United States. Its product serves hybrid workers who split their time between home and office, providing flexible, neighborhood-based workspaces designed to improve the workday experience outside traditional offices. Daybase solves the problem of long commutes and the lack of suitable third places for work by delivering accessible, well-designed coworking environments with amenities like lounges, phone booths, and bookable workspots. Since its founding in 2020, Daybase has demonstrated growth momentum by opening its first location in Hoboken, NJ, and securing nearly $10 million in seed funding to expand its footprint and franchise model[1][2][3][4].
Daybase was founded in 2020 in New York City by a team of seasoned executives with backgrounds in design, architecture, technology, construction, finance, enterprise workplace solutions, and real estate. The idea emerged from recognizing the uneven experience of working from home during the pandemic and the need for a "third place" between home and a central office. The founders leveraged their experience, including ties to WeWork’s enterprise segment, to create a hybrid coworking model focused on neighborhood accessibility. Early traction included launching the first location in Hoboken in January 2022 and quickly moving toward a franchising approach to scale sustainably with local business owners[1][2].
Daybase rides the significant trend toward hybrid work accelerated by the COVID-19 pandemic, addressing the evolving needs of workers who require flexible, local workspaces outside traditional offices. The timing is critical as many companies adopt hybrid policies, and workers seek alternatives to long commutes and home distractions. Market forces favor neighborhood-based coworking due to urban decentralization and the desire for professional environments closer to home. By franchising and focusing on local communities, Daybase influences the coworking ecosystem by promoting sustainable growth and accessibility, contrasting with the rapid, venture-backed expansion models of earlier coworking giants[2].
Looking ahead, Daybase is positioned to expand its national footprint through franchising, targeting suburban and neighborhood markets underserved by traditional coworking spaces. Trends such as continued hybrid work adoption, demand for flexible office solutions, and local community engagement will shape its growth. Its influence may evolve by setting a new standard for hybrid workspaces that blend convenience, professional quality, and community integration. As hybrid work becomes a permanent fixture, Daybase’s model could become a blueprint for scalable, neighborhood-centric coworking solutions that complement corporate offices and remote work[2][4].