What Teamworking By Technexus does

TeamWorking by TechNexus operates a 60,000+ square-foot tech-focused coworking and event venue on the 12th floor of Chicago's Civic Opera Building at 20 N. Wacker Drive. Founded in 2007 and operating as the physical manifestation of the TechNexus Venture Collaborative, the company serves as Chicago's most concentrated ecosystem for technology companies, currently housing 75+ in-house firms and maintaining a network of 750+ alumni companies. The product portfolio spans four subscription tiers: Day Pass ($45, one-time), Flex+ Standard ($249/month, weekday access), Flex+ All-Access ($399/month, 24/7 with gym and rooftop terrace), and Teams & Offices (custom pricing for 3+ member teams with private offices), plus a $99/month virtual Business Address Service.

The technology stack is purpose-built for hybrid work rather than software-as-a-service: conference rooms are equipped with iPad-based Zoom Controller app supporting Zoom, Google Meet, Microsoft Teams, and Cisco WebEx; Poly Studio X30 video bars provide all-in-one conferencing; Wi-Fi runs on up to 400Mbps symmetrical speeds with a 1,000Mbps backbone and optional secured VLAN for private offices; RFID keycards enable 24/7 access; and an internal space management software handles room reservations. Supporting amenities include a Shure-equipped podcast studio with editing suite and green screen, a 10,000 sq ft rooftop terrace, fitness center, and three full kitchens with Big Shoulders Coffee and Bevi water systems. Revenue is generated primarily through monthly recurring memberships, supplemented by one-time day pass sales, recurring team memberships with private offices, enterprise event venue rental (up to 175 guests, with clients including NASA, Airbnb, McDonald's, HOKA, and Oatly), and virtual office subscriptions. Go-to-market combines self-serve online checkout (PLG-style for day passes and virtual office), inside sales for team memberships and private offices, Calendly-scheduled virtual tours, and community-driven growth through member-only programming (founder dinners, investor salons, growth labs, happy hours) and a biweekly newsletter.

Name

Teamworking By Technexus

Legal name

TeamWorking by TechNexus

Website

https://teamworking.vc

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

TeamWorking by TechNexus is a Chicago-based tech-focused coworking and event venue operating 60,000+ sq ft in the Civic Opera Building, serving 75+ technology startups and 750+ alumni companies with flexible memberships, private offices, virtual office services, and enterprise event hosting.

Ownership category

akta.pro rank

Product category

Coworking and Flexible Workspace Services

NAICS

Facilities Support Services (561210), Convention and Trade Show Organizers (561920)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

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

akta.pro secondary industries

Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison) (IMAIALAK), Virtual/Hybrid Conference Production & Platform Management (THAHACAM), Conference Centers & Dedicated Meeting Venues (THAHAAAB), Meeting & Conference Planning & Coordination (HSACADAA)

Keywords

• Flexible coworking space
• Tech-focused shared office
• Meeting and event venue
• Virtual office services
• Entrepreneur community workspace

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Flexible Membership Subscriptions: Monthly subscription-based memberships providing access to shared workspaces, business address services, community events, and networking opportunities. Tiered plans from day passes to all-access memberships for individuals and teams.
2. Day Pass Sales: One-time purchase day passes at $45 for single-day access to shared workspace, kitchens, Wi-Fi, and wellness rooms. Private office add-ons available for additional daily fee.
3. Team Memberships and Private Offices: Team memberships starting at 3+ members with flexible pricing and dedicated office options. Revenue generated from monthly team subscriptions with access to enhanced perks including Creator Studio, discounted event spaces, and software/cloud/partner discounts.
4. Event Venue Rental: Hosting events for up to 175 guests with turnkey A/V infrastructure, professional onsite coordination, and modular event spaces. Resident partnership programs offering preferred pricing for recurring event hosts through hourly membership packages or event-based commitments.
5. Business Address Service: Virtual office memberships providing a prestigious Chicago business mailing address at the Civic Opera Building with secure mailroom handling and monthly FlexDay passes for space access.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

TeamWorking by TechNexus operates a 60,000+ square foot tech-focused coworking and flexible workspace inside Chicago's Civic Opera Building, offering Day Passes, Flex+ memberships (Standard and All-Access), Teams & Offices memberships, a Business Address virtual office service, meeting and event spaces for up to 175 guests, huddle rooms, named conference/collaboration rooms, and a podcast studio. Memberships include community programming, network access to 75+ in-house technology companies and 750+ alumni, Zoom-enabled A/V, high-speed Wi-Fi, kitchens, fitness center, and a 10,000 sq ft rooftop terrace.

Product overview

TeamWorking by TechNexus is a tech-focused coworking and flexible workspace provider operating 60,000+ square feet in Chicago's Civic Opera Building. The product portfolio centers on flexible workspace memberships (Day Pass, Flex+ Standard/All-Access, Teams & Offices) paired with virtual office services (Business Address). Supporting infrastructure includes technology-enabled meeting and event spaces for 4-175 guests, a podcast studio with editing capabilities, and huddle rooms named after tech pioneers. The ecosystem integrates with Zoom, Google Meet, Microsoft Teams, and Cisco WebEx for seamless video conferencing, and offers a space management system for room reservations. The offering combines physical workspace with community programming, business address services, and member perks to serve founders, investors, operators, and growing tech companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Day Pass One-time day access at $45/day to shared workspace, kitchens with coffee/tea/soft drinks/beer on tap, self-bookable call rooms and phone booths, fast Wi-Fi, and wellness rooms. Add a private office for a full day at an additional $65/day. Targets visitors, prospects, and occasional users who do not want a membership.
• Flex+ Membership (Standard and All-Access) Monthly coworking membership including self-bookable huddle rooms and phone booths, three kitchens with beer on tap, online community access, business mailing address at Civic Opera Building, secure mailroom, discounted event and meeting room pricing, and full ecosystem event programming. Flex+ Standard at $249/month (Mon–Fri 9AM–5PM); Flex+ All-Access at $399/month adds 24/7 keycard access, gym, and rooftop terrace.
• Teams & Offices Membership Team membership for 3+ members requiring dedicated office space. Includes all Flex+ Membership benefits plus flexible team pricing, Creator Studio access (podcast and editing suite), discounted meeting room rates, software/cloud/partner perks, and availability of dedicated private offices with short-term leases.
• Business Address Service Virtual office service at $99/month providing a Chicago business mailing address at the Civic Opera Building, secure mailroom handling, and 1 FlexDay pass per month to experience the workspace. Month-to-month terms with no commitment; passes do not carry over.
• Meeting & Event Spaces Technology-forward conference and event spaces with capacity for 4 to 175 guests. Includes professional A/V infrastructure, hybrid meeting capabilities, modular event spaces, and turnkey setup for workshops, panels, networking events, and corporate gatherings. Resident Partnership program offers preferred pricing for recurring hosts.
• Podcast Studio and Editing Suite Professional-grade podcast recording studio with Shure plug-and-play technology, green screen for videography, and a full editing suite. Available to members at discounted rates.
• Huddle Rooms Small private meeting rooms (Borg, Carver, Conway, Franklin, Hamilton, Hopper, Johnson, Kilby, Lamarr, Pascal, Tesla) optimized for groups of 2–3. Reservable for full or half-day, integrated with Poly Studio X30 video conferencing hardware.
• Named Conference & Collaboration Rooms Specialized meeting rooms featuring iPad-controlled Zoom integration, screen sharing, and various layout configurations for different event types and group sizes.

Quantifiable outcome

• Access to 75+ technology companies and 750+ alumni network for collaboration and growth
• +2 more outcomes

Named customers14 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

Integration5 records

Feature5 records

Partnerships

30 partnerships are on record, tiered minor and core.

• Cohesive NetworksminorOthersCurrent member company in the TeamWorking ecosystem, representing the physical manifestation of TechNexus Venture Collaborative's technology collaboration network.
• Jellyfish DigitalminorOthersCurrent member company in the TeamWorking ecosystem, representing the physical manifestation of TechNexus Venture Collaborative's technology collaboration network.
• VaimominorOthersCurrent member company in the TeamWorking ecosystem, representing the physical manifestation of TechNexus Venture Collaborative's technology collaboration network.
• OcientminorOthersCurrent member company in the TeamWorking ecosystem, representing the physical manifestation of TechNexus Venture Collaborative's technology collaboration network.
• CellaresminorOthersCurrent member company in the TeamWorking ecosystem, representing the physical manifestation of TechNexus Venture Collaborative's technology collaboration network.
• SupplyHiveminorOthersCurrent member company in the TeamWorking ecosystem, representing the physical manifestation of TechNexus Venture Collaborative's technology collaboration network.
• The ForgeminorOthersCurrent member company in the TeamWorking ecosystem, representing the physical manifestation of TechNexus Venture Collaborative's technology collaboration network.
• Network PerceptionminorOthersCurrent member company in the TeamWorking ecosystem, representing the physical manifestation of TechNexus Venture Collaborative's technology collaboration network.
• TruckSmarterminorOthersCurrent member company in the TeamWorking ecosystem, representing the physical manifestation of TechNexus Venture Collaborative's technology collaboration network.
• TechNexus Venture CollaborativecoreStrategic or Co-development PartnerParent organization and venture collaborative that birthed TeamWorking. TeamWorking is the physical manifestation of the TechNexus Venture Collaborative ecosystem, providing the shared workspace component of the venture collaborative's technology community.
• World Business ChicagominorGTM or Marketing PartnerChicago's public-private economic development agency on a mission to drive inclusivity, support businesses, promote Chicago as a leading global city, and help new market entrants connect and get positioned for success.
• V2:VCminorGTM or Marketing PartnerPeer community for the next generation of Chicago's business leaders in venture investing, offering professional development, resources, and a dynamic environment.
• Chicago:BlendminorGTM or Marketing PartnerCollaborative effort of venture capitalists who know that diverse teams and inclusive environments are critical foundations for both startups invested in and venture firms themselves.
• StartOutminorGTM or Marketing PartnerSupports LGBTQ+ entrepreneurs by accelerating their growth, providing access to resources, community, and capital, and driving economic empowerment to foster inclusivity and social progress.
• Illinois Science & Technology Coalition (ISTC)minorGTM or Marketing PartnerNon-profit organization that drives technology-based economic development in Illinois by serving as a convener and advocate for the state's research, science, and technology sectors.
• The Polsky Center at University of ChicagominorGTM or Marketing PartnerFosters entrepreneurship and research commercialization by supporting faculty inventors and local entrepreneurs through resources like accelerators and funding opportunities. Key initiatives include Deep Tech Ventures program.
• The Discovery Partner InstituteminorGTM or Marketing PartnerLed by the University of Illinois System, advances Chicago's tech ecosystem by training for high-demand jobs, conducting applied R&D, and fostering business growth.
• The Coleman Entrepreneurship Center at DePaul UniversityminorGTM or Marketing PartnerEmpowers students, alumni, and the community to build sustainable businesses through experiential programs and a vibrant ecosystem, fostering innovation and entrepreneurial success.
• The Gray Matter ExperienceminorGTM or Marketing PartnerEmpowers the next generation of Black changemakers by bridging the entrepreneurial knowledge gap and fostering positive community impact.
• World Business ChicagominorGTM or Marketing PartnerEvent partner providing support for events and community programming at TeamWorking.
• Blue Plate CaterersminorOthersPreferred catering vendor for events hosted at TeamWorking.
• Paramount CateringminorOthersPreferred catering vendor for events hosted at TeamWorking.
• Chicago:BlendminorGTM or Marketing PartnerEvent partner providing support for events and community programming at TeamWorking.
• ZoomcoreTechnology or IntegrationAll meeting rooms equipped with Zoom-enabled technology including iPad controllers with Zoom Controller App, enabling video conferencing with support for Google Meet, Microsoft Teams, and Cisco WebEx integration.
• Lyric OperaminorOthersExclusive discount offered to TeamWorking members to enjoy the Lyric Opera located on the first floor of the Civic Opera Building.
• Big Shoulders CoffeeminorOthersLocal coffee provider in the 3 full kitchens available to TeamWorking members.
• Coca-Cola FreestyleminorOthersBeverage machine providing unlimited soft drinks to TeamWorking members through the Coca-Cola Freestyle machine in the 3 kitchens.
• BeviminorOthersSmart water cooler providing flavored and sparkling water to TeamWorking members.
• FedExminorOthersIn-building FedEx drop-off for letters and packages without needing to walk outside the building.
• UPSminorOthersIn-building UPS drop-off for letters and packages without needing to walk outside the building.

Scale indicators6 records

Recent moves1 record

Expansion highlights4 records

Emerging players

• Mindspace: Premium coworking and serviced office provider with locations across Europe, the US, and Israel, focused on design-forward workspaces for scaling companies. Comparable on premium positioning and amenity-led membership tiers.

Direct peers

• WeWork: Global coworking and flexible office provider offering shared workspaces, private offices, and meeting rooms to startups, enterprises, and creators. Most directly comparable to TeamWorking on core product (flex memberships, day passes, event space) and target customers.
• 1871: Chicago-based tech hub and coworking space founded in 2012 that hosts hundreds of startups and runs programming, mentorship, and events. Directly comparable as a Chicago tech-focused community workspace competing for the same founders and operators.
• Knotel (Newmark): Flexible office provider (acquired by Newmark) offering managed and branded offices, coworking, and meeting space. Comparable on private-office and meeting-space monetization targeting growth companies.
• Industrious: Premium flexible workspace operator offering coworking, private offices, and meeting/event space to enterprise and SMB clients. Closely comparable to TeamWorking's premium, amenity-rich positioning and enterprise event focus.
• Serendipity Labs: US-based flexible workspace and coworking operator offering memberships, private offices, and meeting space to professionals and SMBs. Comparable on product mix (Flex+ tiers, day passes, meeting rooms) though without the tech-vertical specialization.
• Convene: Premium meeting, event, and flexible office provider combining purpose-built event venues with coworking and office space. Closely comparable to TeamWorking on the hybrid workspace-plus-event venue business model and enterprise event customer base.

Broad incumbents

• IWG / Spaces: Largest global flex-office operator (Regus, Spaces, HQ) with thousands of locations offering coworking, offices, and meeting rooms. Comparable on product breadth and meeting-room monetization, though it operates as a broad incumbent versus TeamWorking's tech-niche focus.

Others

• TechNexus Venture Collaborative: Parent venture collaborative and ecosystem operator that birthed TeamWorking. Not a direct competitor but the closest ecosystem peer — same management, overlapping member network, and shared programming assets that anchor TeamWorking's value proposition.

Regional players

• Workbox: Chicago-area coworking and flexible office operator with multiple locations across the city and suburbs. Most relevant geographic competitor, directly contesting TeamWorking for Chicago tenants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/teamworking-at-technexus-office
• Instagraminstagram.com/teamworkingbytechnexus

Revenue estimate

Valuation estimate

Number of profiles

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 Teamworking By Technexus