The Coven

A coworking community designed for belonging

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Security Type
Other, Retail, Community & Lifestyle, Real Estate
Min Investment
St. Paul, MN
Expected Close Date
November 27, 2023
Target Raise
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

$65K MRR 750+ active paying members Signed and opened The Coven's first franchise within 6 months of franchise launch announcement. The Coven serves underdog cities in the middle and southern U.S. bursting with pent up demand Beyond workspace, we offer a robust set of tools and content designed for professional development Featured in Forbes, Fortune, Inc Magazine, Architectural Digest, Business Insider and more. Have closed $1.53M of our current $2.5M seed round in the last four months.

Management Team / Advisory Board Bios

Alex Steinman Co-founder / PartnerA nationally recognized voice, Alex empowers entrepreneurs and leaders across communities to achieve success. AMEX 100 for 100 list, Inc. Magazine 100 Female Founder. BA Journalism-Strategic Communications, University of Minnesota., Bethany Iverson Co-founder / PartnerAward-winning outside-the-box brand strategist, researcher, and entrepreneur. BS, Entrepreneurial Studies, Minneapolis College of Art and Design; MS, Rhetoric, Scientific and Technical Communication, University of Minnesota. LAUNCH accelerator Alum., Erinn Farrell Co-founder / Partner A leader in inclusive interior design with a gift for turning environments into high-performing, empathetic spaces. Recognized by the Effies, The Drum, and Interior Design. BA Communications, Cornell University., Liz Giel Co-founder / PartnerA human-centered design expert and The Coven's marketing leader. Recognized by the Effie’s, the Webby’s, and Cannes Lions among others. BA Psychology and Spanish, University of Minnesota. MS Strategic Design, Parsons School of Design.

Amount Raised : $1,692,651
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