Wyatt appointed CEO of NeueHouse

George Sell By George Sell
1 week ago | Updated 1 week ago

US: Collaborative workspace brand NeueHouse has secured $30 million in a funding round and appointed Josh Wyatt as CEO.

NeueHouse describes itself as "a private cultural and collaborative space for prominent creatives, artists and entrepreneurs".

New CEO Josh Wyatt, formerly of Equinox Hotels and Generator Hostels, has worked in close collaboration with Gil Weisblum of the Diller-von Furstenberg Family Office to close a $30 million round of growth funding led by an investment vehicle of the Diller-von Furstenberg Family Office alongside new strategic investors Gaw Capital and Meyer Bergman's Revolt Ventures.
 
This most recent round of funding will allow NeueHouse, currently at capacity with waiting lists at its locations in New York and Los Angeles, to scale its platform and invest further into its existing operations and programming. Near-term expansion will include two new locations in Los Angeles (Venice and Downtown), with longer-term ambitions for further openings in New York City as well as new sites in San Francisco, Toronto, Miami, Washington DC, Austin, Nashville, Seattle, Portland and other key North American cities.
 
Wyatt said: "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, socialise 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. 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."
 
Gil Weisblum, senior managing director of the Diller-von Furstenberg Family Office said: "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. 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."
 
Goodwin Gaw, chairman of Gaw Capital, said: "NeueHouse is singularly capable of activating spaces and has generated a creative energy in its spaces that's hard to replicate. We seek to back investment opportunities with this definitive angle within real estate, design and programming. In the case of NeueHouse, this combination has enabled it to drive accretive earnings per square foot as compared to the wider office and shared workspace players. By investing in its growth, we will drive higher yield and provide greater opportunities for property owners, developers and landlords struggling to keep pace with the new economy and seeking better ways to activate their spaces." 
 

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