Sprout CoWorking

Name

Sprout CoWorking

Legal name

Sprout CoWorking

Website

https://sproutcoworking.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Providence

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Membership Subscriptions: Monthly recurring revenue from various membership tiers including Hot Desk ($200/month), Brown/Blue Open Office ($450-$650/month), and Private Office ($450-$1750/month). All memberships are billed month-to-month with no long-term commitment required. Includes 24/7 access, meeting room hours, and amenities.
2. Day Passes and Hourly Rentals: One-time revenue from day passes ($20/day for open seating, $100/day for private office), and hourly meeting room rentals ($50-$80/hour depending on room size). Non-members can access spaces without monthly commitment.
3. Virtual Office / Local Address: Monthly subscription at $50/month providing professional business address in Providence and Warren, RI, mail services, and shared reception. Includes discounted meeting room rates.
4. Event Venue Rental: Riverside Event Venue rental with capacity for 90 chairs and 15 large tables in various configurations. Smaller Cafe area for 20-30 people and Conference Center seating 14-20.
5. Gift Certificates: One-time prepaid certificates sold at $20 (1-day pass), $89 (student/teacher 1-month membership), and $200 (hot desk 1-month membership).

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Sprout CoWorking operates two coworking and shared office facilities in Rhode Island (Providence and Warren), providing flexible month-to-month memberships (Hot Desk, Open Office, Private Office), virtual office and business address services, meeting room rentals, and event venue space. The company targets remote workers, freelancers, small businesses, startups, and nonprofits with no long-term lease commitments, no security deposit, and amenities such as high-speed WiFi, free parking, free coffee, and rotating art gallery exhibitions.

Product overview

Sprout CoWorking offers a coworking and shared office space platform with two physical locations in Rhode Island (Providence and Warren). The product portfolio consists of tiered membership plans (Hot Desk, Brown/Blue Open Office, Private Office, Work From Home, and Local Address/Virtual Office) providing flexible workspace solutions ranging from $50-$1,750/month. Supporting services include meeting room rentals (6 rooms at Providence), event venue space (Riverside Event Venue, Café area, Conference Center), day passes ($20), and office-for-a-day rentals ($100). The spaces feature rotating art galleries at both locations. All memberships include access to amenities such as high-speed WiFi, free coffee, and free parking, with higher-tier memberships offering 24/7 access and meeting room hour allocations.

Differentiator

Problem solved

Functional benefit

Products and services

• Hot Desk Membership Flexible open seating workspace with 24/7 access, high-speed WiFi, wired ethernet, free coffee, and 15 hours of free meeting room use per month for remote workers and freelancers. Starting at $200/month.
• Brown/Blue Open Office Membership Semi-private open offices for 1-2 people with dedicated desks, lockable storage, and 24/7 access. Brown office includes one 24/7 access membership; Blue office includes two. Priced at $450-$650/month with 20-25 hours of free meeting room time.
• Private Office Membership Turnkey private office space for individuals and teams of 1-5 people including furniture, utilities, WiFi, coffee, 30 hours of monthly meeting room time, and 24/7 access. Priced at $450-$1750/month.
• Virtual Office / Local Address Membership Virtual office service providing professional business addresses in Providence and Warren for use on business cards, websites, and Google My Business, with mail services and shared reception. Priced at $50/month on a month-to-month basis with no commitment.
• Meeting Room Rentals Six meeting rooms at the Providence location (Conference Center, Annex Train Room, Café, Courtyard, Valley, and Riverside) seating 4-20 people. Hourly rates range $50-$80 for non-members, with member discounts of $10-$25/hour.
• Event Venue Rental Premium event venue including the Riverside Event Venue (90 chairs and 15 large tables), the Café area (20-30 people), and the Conference Center (14-20 people), available for member events and public rentals including corporate events, workshops, fundraisers, and community gatherings.
• Day Pass One-day access to open workspace seating with secure WiFi and wired ethernet. Priced at $20/day, available weekdays 9am-5pm only.
• Office For A Day Private office rental for a single day, available weekdays 9am-5pm. Includes high-speed WiFi, off-street parking, and free coffee. Priced at $100/day.

Quantifiable outcome

• Members rate Sprout CoWorking 4.8 stars on Yelp and Google
• +1 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Ocean State ShieldscoreStrategic or Co-development Partner · 3 August 2020Sprout CoWorking partnered with Ocean State Shields (OSS), a Rhode Island startup, to provide headquarters and implement their non-toxic antimicrobial surface treatment program. OSS treated all interior areas with electrostatic application of SD VO (99.999% hospital-grade disinfectant) and SD 90+ (wide-spectrum antimicrobial coating) providing long-lasting surface protection for up to a year. This partnership positioned Sprout as a COVID-safe workspace and supported a local Rhode Island startup.

Scale indicators5 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Serendipity Labs: Mid-sized US coworking operator offering flexible memberships, private offices, meeting rooms, and virtual office services. Direct comparable in product mix, scale, and target customer segments.
• Industrious: Premium coworking and flexible office operator with locations across the US. Direct competitor offering private offices, coworking, meeting rooms, and event space to professionals and small businesses, mirroring Sprout's core offerings at a national scale.
• The Yard: Hospitality-inspired coworking and shared office operator with locations in multiple US cities. Comparable mid-scale operator providing coworking, private offices, and event space with a strong design and community focus.
• Make Office: Mid-sized coworking and shared workspace operator offering flexible memberships, private offices, and meeting rooms. Similar scale and product offering targeting professionals, startups, and small businesses.
• Bond Collective: Design-forward coworking operator offering private offices, coworking, and event spaces in major US cities. Comparable product mix with strong emphasis on curated member experience similar to Sprout's community programming.
• Convene: Premium flexible workspace provider combining coworking, meeting rooms, and full-service event venues. Closely comparable to Sprout's event venue and meeting room focus with strong enterprise orientation.

Regional players

• WorkBar: Regional coworking operator based in the Boston area with multiple Massachusetts locations. Comparable in scale and product offering to Sprout, providing coworking, private offices, and meeting rooms to professionals and small businesses in New England.

Broad incumbents

• IWG (Regus, Spaces): World's largest flexible workspace operator with brands including Regus, Spaces, HQ, and Signature. Operates a broad portfolio of coworking, serviced offices, and meeting rooms globally, competing for the same SMB and enterprise customers as Sprout.
• WeWork: Global coworking and flexible workspace leader with hundreds of locations. Operates as a broad incumbent in the same product category, offering private offices, hot desks, meeting rooms, and event space to freelancers, startups, and enterprises.
• Cambridge Innovation Center (CIC): Large innovation-focused workspace operator with locations in multiple US cities. Provides coworking, private offices, and event space with strong focus on startups and innovation communities, comparable to Sprout's entrepreneur and nonprofit segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sproutcoworking
• Facebookfacebook.com/sproutcoworking
• LinkedInlinkedin.com/company/sproutcoworking

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Sprout CoWorking