What CoBiz Richmond does

CoBiz Richmond is a privately held coworking space and business incubator founded in November 2019 in Richmond, California, operating from a single 9,000 sq ft facility at 1503 Macdonald Avenue that includes 7 meeting rooms, 2 event spaces, and a 24-26 ft ceiling production venue. The company sells standard workspace tiers (day passes at $10, hot desk memberships from $59 to $199, dedicated desks at $299, shared suites at $349, and custom-priced private offices) plus virtual office services ($39.99-$54.99/month), hourly meeting rooms ($25-$100/hour), and event/production venue rentals accommodating up to 250 guests. Bookings and membership management are handled through the OfficerRnD platform, with production and event inquiries routed through HBPortal.

Beyond physical space, CoBiz runs a portfolio of free and subsidized programs: the City of Richmond-sponsored Wrap-Around Business Support Services (with up to 30 free meeting room hours/month, 25+ business consultants, SCORE mentorship, and mental health support via Empowered Mind Therapy Center); the True Economic Wellness Program (grant readiness incubator, coworking/meeting room/private office vouchers, and a 12-month Entrepreneur's Mental Health Toolkit); the Business Mastermind (BAG) peer cohort; Tech Services; an Early Adopters program spotlighting diverse-founder MVPs; a Civic Responsibility program; a Local Services Directory; and CoBiz community podcasts. The company is funded by community development grants and corporate sponsors (FHLBank San Francisco, Neighborhood National Bank, Chevron, MCE) and operates with a 1-10 person team led by founder/CEO Wesley Alexander.

Name

CoBiz Richmond

Legal name

CoBiz Richmond

Website

https://cobizrichmond.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

CoBiz Richmond is a coworking space and business incubator in Richmond, California that provides flexible workspace, meeting and event venues, and subsidized wrap-around business support programs targeting East Bay entrepreneurs, non-profits, and small businesses in under-invested communities.

Ownership category

akta.pro rank

Product category

Coworking & Business Incubator Services

NAICS

Facilities Support Services (561210), Business Service Centers (56143)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

Hybrid Work Enablement & Desk/Room Booking Operations (BPABAFAH)

akta.pro secondary industry

Conference Centers & Dedicated Meeting Venues (THAHAAAB)

Keywords

• Coworking space
• Business incubator
• Meeting room rental
• Event venue rental
• Virtual office services

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Revenue model

1. Coworking Memberships: Flexible workspace memberships from day passes to private offices. Multiple tiers including hot desk (4x, 8x, unlimited), dedicated desks, shared suites, and private offices. Recurring monthly subscription model with 24/7 access for premium tiers.
2. Meeting Room Rentals: Hourly rental of professional meeting spaces including boardroom (10 people), multi-purpose room (20 people), ideation room (8 people), huddle rooms (4 people), and small space (40 people). AV equipment included.
3. Event Space Rentals: Venue rentals for corporate events, workshops, celebrations, community gatherings up to 250 guests. Customizable layouts, catering options, parking, and EV charging available. Also serves as production/filming venue.
4. Virtual Office Services: Professional business address without physical space. Includes mail handling, notifications, business listing, and access to member events. Day pass credits included in premium tiers.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels6 records

Core offering

CoBiz Richmond operates a coworking space and business incubator at 1503 Macdonald Avenue in Richmond, CA, providing flexible workspace (day passes, hot desks, dedicated desks, shared suites, private offices, virtual offices), professional meeting rooms, and event/production venues. The company supplements its physical space offerings with wrap-around business support programs including the True Economic Wellness Program, Wrap-Around Business Support Services (in partnership with the City of Richmond), a Business Mastermind group (BAG), a Grant Readiness Incubator, Tech Services, and an Early Adopters program spotlighting MVP platforms by diverse founders.

Product overview

CoBiz Richmond operates as a unified coworking space and business incubator platform rather than a modular software product. The offering combines physical workspace solutions (day passes, hot desk memberships, dedicated desks, shared suites, private offices, virtual offices) with professional meeting rooms and event venues. Beyond space, it provides wrap-around support programs including True Economic Wellness (grant readiness, coworking/meeting room/private office vouchers, mental health toolkit), Wrap-Around Business Support Services (coaching, capital access, mentorship via SCORE, mental health services, business consultations), Tech Services, Business Mastermind groups, and Civic Responsibility education. The platform also supports community entrepreneurship through an Early Adopters program for MVP platforms, a Local Services directory, Community Podcasts, and a Community Calendar. Physical workspace access is managed through OfficeRnD booking; programs are offered at no cost or subsidized rates primarily for East Bay and City of Richmond entrepreneurs.

Differentiator

Problem solved

Functional benefit

Products and services

• Coworking Memberships Flexible workspace memberships for entrepreneurs, freelancers, remote workers, and small teams, with tiered options from part-time hot desk access to lockable private offices with signage and unlimited meeting room access.
• Day Pass Drop-in day access to the coworking space for occasional visitors, including high-speed WiFi, coffee and tea, access to common areas, and limited printing.
• Virtual Office Services Professional business address services including mail handling and notification, business listing, member event access, and mail forwarding with app notifications for remote and mobile professionals.
• Meeting Room Rentals Hourly rental of seven professional meeting spaces ranging from 4-person huddle rooms to a 40-person space, equipped with AV equipment, video conferencing, podcasting station, whiteboards, smart displays, and ergonomic furniture.
• Event Space Rentals Flexible venue rentals for corporate events, workshops, celebrations, and community gatherings, accommodating up to 250 guests with customizable layouts, catering options, parking, and EV charging.
• Production & Filming Venue 9,000 sq ft modern industrial venue with 24-26 ft ceilings, natural light, green and white screens, and AV equipment for photo shoots, video production, and commercial filming.
• True Economic Wellness Program Free initiative helping East Bay entrepreneurs, nonprofits, creatives, and community organizations access space, services, social capital, resources, and expertise through grant readiness training, coworking vouchers, meeting room vouchers, private office vouchers, and a 12-month Entrepreneur's Mental Health Toolkit.
• Wrap-Around Business Support Services Program City of Richmond-sponsored program providing subsidized workspace, private offices, meeting rooms, creative studios, mentorship, life coaching, mental health support, and free professional consultations covering HR, legal, tax, capital access, tech, branding, marketing, and PR for Richmond entrepreneurs and enterprises.
• Business Mastermind (BAG) 12-month peer accountability and strategic planning program for City of Richmond business owners and non-profit leaders seeking 6-7 figure revenue generation, meeting every third Tuesday with 8 full scholarships available.
• Early Adopters Program Community initiative spotlighting MVP platforms built by diverse and purpose-driven founders, enabling community members to test, use, and provide feedback on products from CoBizians such as TSSA, Dispute AI, HERPower, and STEAM the Streets.
• Tech Services Technical assistance and resources including website development, digital marketing, and IT support connecting CoBiz members with relevant technical expertise.
• Civic Responsibility Program Resources for community engagement and civic participation across city, county, state, and federal levels through governance education and board/commission opportunities.

Quantifiable outcome

• Up to 30 hours of free meeting room space per month for registered Wrap-Around program participants
• +2 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• East Bay SBDC (Small Business Development Center)coreStrategic or Co-development Partner · 1 January 2023East Bay Small Business Development Center offering free office hours at CoBiz Richmond to support local entrepreneurs with business consulting, training, and resources.
• Renaissance Entrepreneurship CentercoreStrategic or Co-development Partner · 1 January 2023Minority-focused entrepreneurship support organization providing programs at CoBiz Richmond including Small Business Facade Improvement Program in partnership with City of Richmond.
• NorCal SBDCcoreStrategic or Co-development Partner · 1 January 2023Northern California Small Business Development Center collaborating with CoBiz Richmond to bring resources to minority-owned businesses through the SBA T.H.R.I.V.E. program and other initiatives.
• SCOREcoreStrategic or Co-development PartnerNationwide nonprofit powered by U.S. Small Business Administration providing free experienced volunteer mentors to entrepreneurs. SCORE mentors offer guidance in strategy, marketing, finance and more through the Wrap-Around program.
• Empowered Mind Therapy CentercoreStrategic or Co-development PartnerProvides mental health and wellness services including The Entrepreneur's Mental Health Toolkit (12-month workshop series) and on-demand mental health support for Wrap-Around program participants.
• Business Acceleration Group (BAG)coreStrategic or Co-development Partner12-month peer accountability and strategic planning program facilitated at CoBiz for City of Richmond entrepreneurs aiming for 6-7 figure revenue generation. Led by Maile Collmer, Laurie Pearce, Don Wexler, and Wesley Alexander.
• STEAM the StreetsminorStrategic or Co-development PartnerCo-sponsored the Parent & Youth Resource Summit 2026 with CoBiz Richmond. STEAM the Streets app connects young people with STEAM career profiles and videos from Bay Area professionals.
• Afterword PressminorGTM or Marketing PartnerHosting Open Talent Night events at CoBiz Richmond featuring poetry, music, comedy and more. Open Mic Night hosted by Stephen Sharpe, Poet Laureate of Richmond, held every third Thursday.
• OfficerndcoreTechnology or IntegrationBooking and membership management platform used for CoBiz Richmond's coworking reservations, day passes, meeting room bookings, and event calendar (cobiz.officernd.com).
• HBPortalcoreTechnology or IntegrationEvent and venue booking platform used for production and filming inquiries (cobiz.hbportal.co). Handles event space bookings and production inquiries.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Hubud: Mission-driven coworking space in Bali focused on community, sustainability, and entrepreneur support. Comparable wrap-around philosophy combining workspace with community programs and learning events.
• Make Office: Independent coworking operator offering flexible memberships, private offices, meeting rooms, and event space. Comparable as a community-led coworking brand with similar product tiering and event programming.
• Impact Hub: Global network of mission-driven coworking spaces focused on social impact, entrepreneurship, and community development. Highly comparable to CoBiz's wrap-around model combining workspace with programs for changemakers and underserved founders.

Others

• OfficeRnD: Coworking and flexible workspace management software platform used by CoBiz (cobiz.officernd.com). Comparable as the underlying technology stack for booking, member management, and billing across the coworking industry.

Regional players

• NextSpace: Coworking operator with Bay Area presence offering flexible workspace, meeting rooms, and business services. Comparable product mix and regional footprint serving entrepreneurs and small businesses.
• The Hivery: Bay Area-based coworking and community space focused on women entrepreneurs and creators. Comparable mission-driven positioning in the same region, though with a narrower demographic focus.

Broad incumbents

• Industrious: Premium flexible workspace operator offering coworking, private offices, meeting rooms, and event space. Comparable product offering (workspace-as-a-service), though targeting enterprise and premium segments rather than under-invested communities.
• Galvanize: Coworking and tech education hybrid offering workspace alongside bootcamps and entrepreneurship programs. Comparable in blending physical space with structured learning and startup community — though focused on tech rather than under-invested communities.
• WeWork: Largest global coworking and flexible workspace operator. Comparable as a direct provider of hot desks, dedicated desks, private offices, meeting rooms, and event space — though at much larger scale and without CoBiz's mission-driven community development focus.
• CIC (Cambridge Innovation Center): Large innovation campus operator providing coworking, private offices, lab space, and entrepreneurship programming. Comparable as a community-focused hub combining workspace with venture-building and incubator services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/CoBizRichmond

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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 CoBiz Richmond