What Foundery does

Foundery (legally registered as Foundry Inc. in Ontario, Canada) operates a single physical coworking and event space at 376 Bathurst Street in downtown Toronto. Founded in 2011, the venue is positioned at the "intersection of art, design, technology & entrepreneurship" and serves a community of "artists, entrepreneurs, innovators and independents." Its offering is entirely brick-and-mortar: open-concept coworking access (9:00 AM–9:00 PM weekdays, 9:00 AM–6:00 PM weekends), 24-hour private office access, day passes, event rentals (fundraisers, gallery receptions, workshops, yoga, product launches, private parties), and a reservable conference room accessed via a member login portal. Physical amenities include high-speed wireless internet, printing/fax capabilities, a full kitchen, and a private conference room; there is no proprietary software or technology stack beyond standard coworking infrastructure.

Foundery monetizes through three complementary revenue streams: recurring subscription memberships (open-concept and private office tiers billed monthly), usage-based day passes, and one-time event rental fees for hosted gatherings. GTM motion is community-led and event-driven — the venue grows membership through hosted workshops, gallery exhibitions, networking events, and partnerships with local creative organizations such as Creative Blueprint (which operates the CB Gallery inside the Foundery Buildings), Music Ontario, CYBF, Durham College, the Centre for Social Innovation, and the Coworking Toronto/Coworking Ontario collectives. Distribution channels include direct walk-in/website inquiries, tour bookings, and the Coworking Toronto Passport Program, which lets a single passport access seven GTA coworking facilities including Foundery.

The customer base skews long-tail: individual freelancers, artists, and early-stage entrepreneurs form the primary segments, while event organizers and visiting coworking nomads form secondary segments. Pricing is not publicly disclosed beyond the existence of tiered memberships and per-event rental rates; multiple revenue streams and a small physical footprint imply a sub-$1M revenue scale, though no figures are disclosed. The business is privately held, has no parent company, no disclosed funding rounds, no M&A activity, and was described in the source data as essentially solo-operated at 1–10 employees.

Name

Foundery

Legal name

Foundry Inc.

Website

https://foundery.is

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

A single-location coworking and event space in downtown Toronto offering subscription-based workspace memberships, day passes, conference room rentals, and event venue hire to freelancers, artists, and early-stage entrepreneurs.

Ownership category

akta.pro rank

Product category

Coworking and shared workspace services

NAICS

Convention and Trade Show Organizers (561920), Promoters of Performing Arts, Sports, and Similar Events with Facilities (71131)

SIC

Services-Membership Sports & Recreation Clubs (7997)

akta.pro primary industry

Conference Centers & Dedicated Meeting Venues (THAHAAAB)

akta.pro secondary industry

Corporate Meeting & Conference Planning (Internal/External) (THAHACAB)

Keywords

• Coworking space
• Shared workspace
• Event venue rental
• Private office leasing
• Community workspace

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Coworking Memberships: Monthly and daily coworking memberships providing access to shared workspace, high-speed internet, printing/fax capabilities, and kitchen access. Private office members receive 24-hour access while standard coworking access is limited to operating hours.
2. Event Rentals: Rental of the venue space for fundraising events, gallery receptions, workshops, yoga classes, product launches, and private parties. Provides staffing and space to accommodate various event types.
3. Conference Room Reservations: Members can reserve the conference room for private meetings through the member login portal. Additional fees may apply for conference room reservations beyond membership benefits.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Foundery operates a newly renovated, open-concept coworking and event space in downtown Toronto at 376 Bathurst Street. The company sells monthly coworking memberships, 24-hour private office memberships, drop-in day passes, pay-as-you-go conference room reservations, and venue rentals for events such as fundraisers, gallery receptions, workshops, product launches, and private parties. Members and event clients have access to high-speed wireless internet, printing and fax, a full kitchen, and a private conference room.

Product overview

Foundery is a physical coworking and event space located at 376 Bathurst Street in downtown Toronto. It is not a technology company or software product provider. The company offers physical workspace memberships, private office access, event rentals, conference room reservations, and gallery space. The source data describes a traditional brick-and-mortar coworking venue serving artists, entrepreneurs, and independents, with no software, SaaS, or technology products.

Differentiator

Problem solved

Functional benefit

Products and services

• Standard Coworking Membership Monthly open-concept shared workspace subscription granting access to high-speed wireless internet, printing and fax, full kitchen, and conference room during operating hours (9:00 AM – 9:00 PM Monday-Thursday, 9:00 AM – 6:00 PM Friday-Sunday). Designed for freelancers, artists, and independent professionals who want a flexible work environment.
• Private Office Membership Monthly private office subscription with 24-hour access and all standard coworking amenities included, providing a dedicated locked office for startups, small teams, and entrepreneurs needing an always-available downtown workspace and professional address.
• Day Pass Pay-as-you-go drop-in coworking pass providing one day of shared workspace access between 9AM and 6PM, Monday to Friday. Targeted at visitors, remote workers, and Coworking Toronto Passport holders needing temporary downtown access without committing to a membership.
• Event Rental Rental of the Foundery venue with staff and space provided, suitable for fundraisers, gallery receptions, workshops, yoga classes, product launches, and private parties. Priced per event on a pay-as-you-go basis for nonprofit, arts, and community organizers.
• Conference Room Reservations On-demand reservation of Foundery's private conference room for members, booked through the member login portal. Additional fees may apply for reservations beyond membership benefits, providing a private meeting space for freelancers, startups, and event organizers.

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

17 partnerships are on record, tiered core and minor.

• Creative BlueprintcoreStrategic or Co-development PartnerMajor partner organization operating studios, services and supports for artists and entrepreneurs. Runs the CB Gallery within The Foundery Buildings. Co-presents events, workshops, exhibitions, and programs. Partnership established for at least 7 years as of 2013.
• Coworking TorontocoreStrategic or Co-development PartnerCollective of independent coworking facilities across the Greater Toronto Area. Foundery participates in the Coworking Toronto Passport Program enabling members to visit multiple spaces with one passport.
• Coworking OntariocoreStrategic or Co-development PartnerProvincial collective of coworking spaces. Foundery hosted the 2nd annual Coworking Ontario Conference in February 2013, bringing together space owners and managers from across the province.
• Music OntariominorStrategic or Co-development PartnerPresents professional development workshops at Foundery including sessions on music placements, video in artist careers, and marketing basics for musicians. Workshops funded in part by Ontario Arts Council.
• Toronto Business Development CentreminorGTM or Marketing PartnerCo-presents the Holiday Art Markets in The Foundery Buildings with 30+ artists, artisans and creative vendors each weekend.
• Durham CollegeminorGTM or Marketing PartnerPartner for CB Gallery exhibitions featuring Durham College Graphic Design Grad Shows such as 'Beyond Black and White' in April 2013.
• Feminist Art ConferenceminorGTM or Marketing PartnerCo-presented the Feminist Art Conference on March 9th 2013 at Foundery, partnering with Creative Blueprint.
• GCUC (Global Coworking Unconference Conference)minorGTM or Marketing PartnerGlobal coworking conference taking place in Austin, Texas. Foundery Manager Ashley Proctor spoke at GCUC 2013. Foundery and Creative Blueprint participate as community members.
• Jelly Week / Worldwide Jelly WeekminorGTM or Marketing PartnerWorldwide event featuring free collaborative activities. Foundery participates by offering free coworking during Jellyweek to attract potential new members.
• FreshBooksminorGTM or Marketing PartnerCloud accounting software provider. FreshBooks offers member discounts and referral partnership with Foundery.
• Canadian Youth Business Foundation (CYBF)minorGTM or Marketing PartnerNational non-profit supporting young entrepreneurs. Conducts information sessions at Foundery providing free pre-launch coaching, business resources, and startup financing up to $45,000.
• NormativeminorGTM or Marketing PartnerListed as a Friend of Foundery - design/creative services partner.
• Thing Tank LabminorGTM or Marketing PartnerListed as a Friend of Foundery - innovation/technology partner.
• Driven Accelerator GroupminorGTM or Marketing PartnerListed as a Friend of Foundery - startup accelerator partner.
• CSI Toronto (Centre for Social Innovation)minorGTM or Marketing PartnerListed as a Friend of Foundery - social innovation ecosystem partner.
• Vert CateringminorGTM or Marketing PartnerListed as a Friend of Foundery - catering services partner for events.
• mindspaceTOminorGTM or Marketing PartnerHosted private event at Foundery featuring networking/panel discussions, book launches, film screenings, and listening parties in October 2013.

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Industrious: Premium flexible-workspace operator offering private offices, coworking, and event space with strong design and hospitality focus. Comparable in event-hosting capability and small-team private office product, though at materially higher price points and larger scale.
• The Wing: Membership-based coworking and community space with curated programming and event rentals. Comparable in community-led GTM, event-hosting capability, and design-led positioning, though focused on a specific demographic segment.
• Galvanize: Coworking operator historically focused on tech and startup communities, offering shared workspace and event programming. Comparable in community-anchored positioning and event-rental revenue stream, though Galvanize leans more toward tech education and accelerators.
• Make (Toronto): Independent Toronto coworking space targeting creative and entrepreneurial professionals. Directly comparable in product offering (open-concept workspace, event rentals, downtown Toronto), target customer (freelancers, startups, creatives), and revenue model (memberships + event rentals).
• The Workaround: Toronto-area coworking space with community-driven ethos. Comparable to Foundery in size, independent ownership, Toronto focus, and emphasis on member community over corporate polish.
• Centre for Social Innovation (CSI Toronto): Toronto-based coworking operator with a social-mission focus and member-driven community. Highly comparable to Foundery in mission orientation, Toronto geography, nonprofit/coworking hybrid model, and emphasis on community programming. Foundery even lists CSI as a 'Friend of Foundery' partner.

Others

• Creative Blueprint: Toronto nonprofit partner organization operating studios, services, and supports for artists and entrepreneurs, with the CB Gallery located inside The Foundery Buildings. Highly adjacent - operates programs in the same space and shares the same customer base, but is a nonprofit partner rather than a competitor.
• GCUC (Global Coworking Unconference Conference): Industry conference and community for coworking operators, in which Foundery (via Ashley Proctor) has been an active participant. Comparable as an industry/ecosystem peer rather than a direct operator competitor, but materially relevant to Foundery's network and thought-leadership positioning.

Broad incumbents

• WeWork: Global coworking incumbent offering open-concept and private office memberships, event spaces, and member programming. Comparable in core product offering and target SMB/enterprise customers, but operates at vastly larger scale and competes for the same freelance and startup segments in major cities.
• IWG (Regus / Spaces): World's largest flexible-workspace operator with multiple brands (Regus, Spaces, HQ). Overlaps with Foundery in flexible office memberships and meeting room rentals but targets a broader enterprise customer base at much greater scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/FounderyTO
• Facebookfacebook.com/FounderyInc
• LinkedInlinkedin.com/company/foundery-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Foundery