Proximity Space receives additional funding

Josh Freed

Proximity Space, a Western Colorado firm that supplies software and hardware to manage coworking spaces, has received additional funding under federal tax legislation promoting investments in low-income areas.

“This important investment in our current fund-raising round further accelerates the growth of our network and allows us to broaden our reach to more coworking spaces, entrepreneurs and members of the mobile work force,” said Josh Freed, chief executive officer of Proximity Space.

The Center on Rural Innovation provided the funding through its CORI Innovation Fund, a qualified opportunity zone fund that invests in technology companies creating revenue and jobs in rural communities. Proximity Space operates its headquarters in Montrose and other primary operations in Grand Junction, both areas designated opportunity zones.

“We are impressed with Proximity’s business growth, their mission supporting the coworking space industry and the potential of the Proximity Network to reach freelancers and small businesses across the country,” said Jay Bockhaus, managing partner of the CORI Innovation Fund.

Proximity Space provides software to manage coworking spaces, including access, conference room scheduling, event management, internet access and membership billing. The company also offers training to manage coworking spaces. For additional information, visit www.proximity.space.