Factory Berlin, a coworking space and community initiative in Berlin focused on design and entrepreneurship, has raised an undisclosed amount from the German RAG-Stiftung foundation.
Officially opened in 2014, Factory has two locations in Berlin, in the Mitte and Görlitzer Park neighborhoods, with facilities including coworking spaces and events for startups and freelancers. It also collaborates with companies such as Siemens, Deutsche Bank, and Audi, which offer corporate incubation services and other services for startups.
“The founding of Factory Berlin in 2011 was inspired by artist Andy Warhol with the aim of combining art and digitization,” said Udo Schloemer, Factory Berlin founder, visionary director and CEO. “So at Factory Berlin we don’t just focus on tech startups, but art and design as well. […] We are now delighted to have successfully completed the first round of institutional funding with RAG-Stiftung and to be able to begin the next phase of Factory Berlin’s growth. The RAG-Stiftung offers not only a network, but also a long-term investment approach, which we would not have had with normal venture capital financing. “