Switchyards plans 200 locations in Southeast expansion

Switchyards wants to expand its neighborhood-focused coworking concept to 200 locations across the Southeast and beyond over the next five years.

Why it matters: Your work habits today likely involve more Zoom calls from your kitchen and coffee shops and fewer water-cooler chats.

• People want accessible and enjoyable places to work that are not home or the office.

Driving the news: Switchyards just wrapped up a $5 million round of VC funding that will help fuel an expansion into new locations in the Atlanta suburbs, Nashville, Charlotte and other regional cities, founder and CEO Michael Tavani told Axios.

Catch up quick: The company opened its flagship Downtown location in 2016, and three years later launched its "neighborhood work club" concept in Inman Park and Westside .

• The smartly designed 24/7 workspaces, sometimes in nontraditional spaces like former motorcycle garages and a church , have since popped up in 10 locations, including Midtown, Decatur and most recently Chamblee.
• Since 2021, Tavani says, the company has doubled its revenue every year.

Intrigue: During the pandemic, Switchyards paused everyone's membership for 14 months. "We knew if we held on, on the other side of COVID… that the world [will have] accelerated toward what we were doing."

By the numbers: In addition to the 200 locations, the company wants to double its member base and open 10 more clubs by the end of 2024, Tavani says.

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