What Provident1898 does

Provident1898 is a Black-centric coworking community and resource hub operating from a 14,000+ square foot footprint inside the historic NC Mutual Building in Durham, North Carolina — the cornerstone of Durham's Black Wall Street. The company offers tiered memberships ranging from a $20 Day Pass to a $249/month All-Access subscription, plus $49/month Digital Memberships and bespoke private suite rentals for teams of 1–10. Memberships bundle hot desk and dedicated desk access, four conference rooms, a fitness center, wellness studio, café, outdoor plaza, business mailing address, and free venture coaching delivered in partnership with Forward Cities.

The company's core technology is non-proprietary: it uses the Coworks App for member directory and event registration and a Kajabi-powered checkout (grow.provident1898.com) for self-service digital purchases. Beyond coworking, Provident1898 operates the Heirloom Network (a sub-brand for women entrepreneurs blending business guidance with wellness) and the ACQUIRE program (a cohort-based business acquisition entrepreneurship program launched with an NC IDEA ECOSYSTEM grant in 2021). In April 2026, it co-launched the Bold Path Fellowship with NC IDEA and ECMC Group, awarding five Triangle-region entrepreneurs two-year funding (each at $120,000) and mentoring.

Go-to-market is community-led and event-driven: membership sign-ups happen directly through the website, tours are booked via Calendly, and partnerships with NC IDEA, ECMC Group, Gates Foundation, Microsoft for Startups (via Latimer Ventures), Wake Forest University, and Flywheel Foundation drive referrals and event hosting. Revenue derives from recurring coworking subscriptions, dedicated private suites, event space rentals (where members receive 50% off), and hourly conference room reservations, with no publicly disclosed annual revenue figure.

Name

Provident1898

Legal name

Provident1898 LLC

Website

https://provident1898.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Provident1898 is a Black-centric coworking community in Durham, North Carolina's historic NC Mutual Building, offering tiered memberships, private suites, wellness amenities, and venture coaching for entrepreneurs, creatives, and small teams.

Ownership category

akta.pro rank

Headquarters

HQ city

Durham

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Coworking Memberships: Monthly subscription memberships providing access to coworking space, amenities, and community. Tiers include Day Pass ($20), On-Demand ($99/month), Momentum ($149/month), and All-Access ($249/month). Revenue is recurring with monthly billing.
2. Private Suite Rentals: Dedicated office suite rentals for teams of 1-10, offering greater privacy and customization. Pricing requires direct inquiry.
3. Event Space Rental: Rental of event spaces including conference rooms, large open areas, and the Mutual Tower for corporate events, speaker panels, launch parties, and social gatherings. Members receive 50% discount on event space rentals.
4. Conference Room Rental: Hourly rental of conference rooms with AV equipment for web/video conferencing. Members receive discounted rates.
5. Digital Membership: Virtual membership at $49/month offering online trainings, digital resources, member exclusive events, networking, business directory listing, venture coach access, and member app access.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Core offering

Provident1898 runs a coworking community and entrepreneur resource hub out of 14,000+ square feet in the historic NC Mutual Building in Durham, NC. Its core revenue driver is a tiered membership program (Day Pass, On-Demand $99/month, Momentum $149/month, All-Access $249/month, Digital Membership $49/month) that grants access to shared workspace, conference rooms, fitness center, and venture coaching. Complementary paid offerings include private dedicated suites for teams of 1-10, hourly meeting room rentals, and event space rental.

Product overview

Provident1898 is a coworking community and entrepreneur hub offering a tiered membership model built around flexible workspace access. The core offering comprises Day Pass, On-Demand ($99/month), Momentum ($149/month), All-Access ($249/month), Private Suites, and Digital Membership ($49/month) tiers, all providing varying levels of access to 14,000+ SF of shared workspace including hot desks, dedicated desks, private offices, conference rooms, phone booths, and a café. The ecosystem is extended by the women-focused Heirloom Network sub-brand, Venture Coaching program (partnered with Forward Cities), Meeting Room Rentals, Event Space Rental, and wellness amenities including a Coworking Gym, Wellness Studio, and Yoga classes. The ACQUIRE Program adds a business acquisition training component. All members receive free venture coaching, and the All-Access and higher tiers include fitness center access and conference room hours.

Differentiator

Problem solved

Functional benefit

Brands

• Heirloom Network: Membership designed for women entrepreneurs, pairing practical guidance with personal wellness, advising, and intentional spaces for connection.
• ACQUIRE

Products and services

• Day Pass Single-day access to open coworking spaces and the community lounge from 9am-5pm, Monday-Friday, with in-and-out keycard access, free coffee and tea, and high-speed fiber WiFi for drop-in professionals and visitors.
• On-Demand Membership Monthly subscription at $99/month providing 10 all-day access passes per month to open coworking spaces and the community lounge, Coworks App access, member rate on conference room reservations, 3 complimentary day-pass guests per month, and 50% off event space rentals.
• Momentum Membership Monthly subscription at $149/month providing 10 days per month all-day access, business mailing services and address, member rate on conference rooms, Coworks App access, 3 complimentary day-pass guests per month, and 50% off event space rentals.
• All-Access Membership Monthly subscription at $249/month providing unlimited 24/7 access to open coworking space and community lounge, 8 hours per month in Founder's Conference Room, unlimited fitness center access, member rate on additional conference room hours, Coworks App access, and member discounts.
• Private Suites and Team Options Dedicated private office suites for teams of 1-10 with custom configuration, full privacy, and everything in All-Access plus exclusive dedicated workspace; priced via direct inquiry.
• Digital Membership Virtual membership at $49/month providing access to all digital trainings and resources, member-exclusive events, benefits, discounts, networking opportunities, business directory listing, Venture Coach access, and member app, with a 14-day free trial.
• Heirloom Network Sub-brand membership for women entrepreneurs and creatives pairing practical business guidance with personal wellness, advising, and intentional spaces for connection.
• Venture Coaching Confidential business advisory program delivered in partnership with Forward Cities covering company formation, funding, operations, growth strategy, sales, business operations, finance, and fundraising; free to members.
• Event Space Rental Rental of more than 14,000 SF of event space including large open areas, conference rooms, lounge for catering setup, and outdoor plaza for speaker panels, launch parties, creative brainstorming events, and social gatherings (members receive 50% discount; bookings require at least 3 weeks advance).
• Meeting Room Rentals Hourly rental of conference rooms and meeting spaces with AV and video conferencing equipment for client meetings, team trainings, and remote-employee gatherings; members receive member-rate pricing.
• ACQUIRE Program Self-paced and cohort-based business acquisition entrepreneurship program that equips participants with targeted skills and best practices for buying and growing established profitable businesses, including mentorship and advisory board support.

Quantifiable outcome

• Free venture coaching from seasoned experts included with all memberships
• +2 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Forward CitiescoreStrategic or Co-development PartnerForward Cities partners with Provident1898 to deliver venture coaching services. The organization has a mission to strengthen equitable entrepreneurship in communities and has been operating in the Durham area since 2014. The program targets entrepreneurs committed to pursuing equity, exploring new ideas, and forging new ground in their industry.
• New Majority CapitalminorStrategic or Co-development PartnerNew Majority Capital co-hosted the Durham Entrepreneurship Through Acquisition Mixer with Provident1898 and Gates Foundation. The event educated attendees about Entrepreneurship Through Acquisition and the bETA accelerator launching in Raleigh-Durham.
• Gates FoundationminorStrategic or Co-development PartnerGates Foundation partnered with New Majority Capital and Provident1898 to host the Durham Entrepreneurship Through Acquisition Mixer focused on Entrepreneurship Through Acquisition and the bETA accelerator.
• Turnbridge EquitiesminorStrategic or Co-development PartnerTurnbridge Equities collaborated with Provident1898 and ADF (American Dance Festival) to present Footprints - a site-specific dance work by Stephan Koplowitz at the Mutual Tower. The project reimagines movement reflecting entrepreneurial energy and creative drive shaping Durham's past and future.
• Flywheel FoundationminorStrategic or Co-development PartnerFlywheel Foundation is a statewide partner collaborating with Provident1898 to extend the reach of the ACQUIRE program, which equips participants with skills for acquisition entrepreneurship - buying and growing established, profitable businesses.
• Wake Forest University Center for Private BusinessminorStrategic or Co-development PartnerWake Forest University Center for Private Business partners with Provident1898 to extend the reach of the ACQUIRE program statewide, helping participants acquire skills for acquisition entrepreneurship.
• Latimer VenturesminorStrategic or Co-development PartnerLatimer Ventures, sponsored by Microsoft for Startups, Kaiser Permanente, and the Abell Foundation, held their Demo Day at Provident1898 featuring founders pitching to investors as the capstone of their 8-week Latimer House accelerator program.
• Microsoft for StartupsminorStrategic or Co-development PartnerMicrosoft for Startups sponsors Latimer House accelerator program whose Demo Day was hosted at Provident1898.
• Kaiser PermanenteminorStrategic or Co-development PartnerKaiser Permanente sponsors Latimer House accelerator program whose Demo Day was hosted at Provident1898.
• Durham (City Government)minorOthersDurham city government is listed as a community partner alongside CornerSquare and MFB Online on the Provident1898 website.
• CornerSquareminorOthersCornerSquare is listed as a community partner alongside Durham and MFB Online on the Provident1898 website.
• MFB OnlineminorOthersMFB Online is listed as a community partner alongside Durham and CornerSquare on the Provident1898 website.

Scale indicators3 records

Recent moves2 records

Expansion highlights6 records

Broad incumbents

• WeWork: Global coworking pioneer offering flexible memberships, private offices, and event space across thousands of locations. Directly comparable core product (tiered memberships, day passes, private suites) but operates at massively broader scale without Provident1898's mission-driven community focus.
• Spaces (IWG): Premium creative coworking brand within IWG's global workspace portfolio. Comparable product offering (coworking memberships, private offices, event space) but positioned as a design-led broad incumbent versus Provident1898's culturally anchored niche.

Regional players

• American Underground: Durham-based coworking and startup hub operating multiple locations across the Bull City. The closest geographic competitor — both serve Durham's Research Triangle startup community with flexible workspace, but American Underground lacks Provident1898's Black Wall Street cultural mission and Heirloom Network focus.
• Frontier RTP: Research Triangle Park coworking and innovation hub serving science and tech entrepreneurs. Geographic and segment peer to Provident1898 — both serve Triangle-region founders — but Frontier targets tech/life sciences while Provident1898 centers Black and diverse entrepreneurs.
• HQ Raleigh: Raleigh-based flexible workspace and coworking operator serving the same Research Triangle market as Provident1898. Comparable on tiered memberships and event space, but without Provident1898's heritage location or mission-driven brand differentiation.
• The Loading Dock at American Tobacco Campus: Durham coworking and event space in the repurposed American Tobacco Campus. Regional peer offering flexible workspace and large event venue rentals in the same Durham market as Provident1898, but without the Black Wall Street heritage positioning.

Direct peers

• Impact Hub: Global mission-driven coworking network operating in 100+ cities, focused on purpose-led entrepreneurs and social impact ventures. Strongest conceptual peer to Provident1898 — both blend coworking with programming, venture support, and community-building — though Impact Hub operates at global scale versus Provident1898's single-market depth.
• Industrious: Premium-tiered coworking operator with direct comparability on subscription memberships, private suites, meeting room rentals, and event space. Closest in business model to Provident1898's All-Access and Private Suite tiers, differentiated by enterprise sales focus versus mission/community positioning.
• Serendipity Labs: National flexible workspace operator offering tiered memberships, private offices, and meeting rooms to professionals and small businesses. Comparable on product structure (tiered subscription coworking with team suites and event space) though without mission-driven community brand.
• Galvanize: Coworking operator with on-site education programs (coding bootcamps, workshops) at multiple US locations. Strong peer on the blended coworking-plus-programming model — like Provident1898 with ACQUIRE and Bold Path Fellowship — though Galvanize's curriculum is tech-education focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/provident1898
• YouTubeyoutube.com/channel/UCiGcEQh1-lK5Qu7vq_l5hYQ
• Facebookfacebook.com/provident1898
• LinkedInlinkedin.com/company/provident1898
• Instagraminstagram.com/provident1898

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Provident1898