After being sued by Austin tech accelerator Capital Factory, an East Austin co-working space has changed its name and a settlement has been reached, according to a court filing.
In August, Capital Factory sued atx Factory and its founder, accusing them of trademark infringement, unfair competition and unjust enrichment.
The lawsuit, filed in U.S. District Court for the Western District of Texas, alleged that atx Factory and its founder Vijay Mehra were offering identical services in Austin and using the “nearly identical” name atx Factory.
According to a Nov. 2 court filing, “the parties have reached a settlement of all claims in this case.” The filing said the parties have requested until Nov. 20 to finalize the settlement and file dismissal documents.
According to the atx Factory website, the space is now called Journey Coworking.
Mehra did not return a call from the Statesman seeking comment. Capital Factory’s founder, Austin tech entrepreneur Joshua Baer, did not immediately respond to an email message.
Baer launched Capital Factory in 2008, and the downtown accelerator, co-working space and seed investment fund has has grown steadily. It now occupies 60,000 square feet at the Omni Hotel building at 701 Brazos St.
About 1,000 members currently lease co-working space at Capital Factory, and it hosted more than 800 events including startup pitch competitions and panels last year.
Meanwhile, Journey Coworking opened last September in a former warehouse at 5323 Levander Loop off East Cesar Chavez Street. The 14,000-square-foot space was renovated to include a bar and cafe, showers and locker rooms, sleeping pods and recreational areas.
According to Journey Coworking’s website, it can house 140 members.
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