WeWork
Valuation
$18B
About WeWork
WeWork is a platform for creators that transforms buildings into dynamic environments for creativity, focus, and collaboration.
Founded
2010-01-01
Industry
Commercial Real Estate, Coworking, Property Development, PropTech, Real Estate
Last Funding Type
Post Ipo Equity
Valuation
18
Total Funding
$22.20 billion dollars
Financial
WeWork is focusing on developing systems to enhance workspace functionality and user experience. They are working on a reservation system for shared workspaces, allowing members to book desks and other areas efficiently. Additionally, they are creating an automatic office space layout system that uses building information modeling to optimize furniture arrangements. These innovations aim to transform buildings into dynamic environments that foster creativity and collaboration.
Funding Rounds
24
Number of Lead Investors
14
Total Funding Amount
$22.20 billion dollars
Number of Investors
26
WeWork vs. Other Decacorns
| Company | Valuation | Total Funding | Funding Rounds |
|---|---|---|---|
| WeWork | $18B | $22.20B | 24 |
| QuintoAndar | $5B | $755.27M | 9 |
| Indigo Agriculture | $4B | - | - |
| Opendoor | $133B | $1.89B | 12 |
| Qualia | $2B | $160.00M | 6 |
| Shuidi | $5B | - | - |
| Airbnb | $459B | $6.42B | 29 |
| Hippo Enterprises | $5B | $1.26B | 10 |
| Side | $5B | $263.50M | 7 |
| Roofstock | $6B | $365.25M | 11 |
| Divvy Homes | $4B | $1.23B | 7 |
| HomeLight | $20B | $762.50M | 15 |
| Zoopla | $6B | $25.63M | 5 |
| NoBroker | $1B | $430.86M | 13 |
| Trulia | $0.4B | $255.10M | 6 |
| Apto | $2B | - | - |
Growth Trends & Market Impact
WeWork has experienced a mix of operational changes and financial challenges. The company was cleared to exit bankruptcy after a failed buyout bid by its co-founder. WeWork has also consolidated its operations by leaving one of its two coworking sites in Kansas City. Additionally, WeWork has exited its India unit, while also opening a new coworking space in downtown San Antonio and a new facility in Chennai.
Investment history
| Round number | date | Post-round evaluation | investors |
|---|---|---|---|
| №1 | 29.04.2024 | $450.00 million dollars | |
| №2 | 03.01.2023 | $250.00 million dollars |
SoftBank Vision Fund |
| №3 | 12.05.2022 | $350.00 million dollars |
Brookfield Asset Management |
| №4 | 29.10.2021 | $150.00 million dollars |
Cushman & Wakefield |
| №5 | 21.10.2021 | $550.00 million dollars |
SoftBank Capital |
| №6 | 21.10.2021 | $800.00 million dollars | |
| №7 | 14.08.2020 | $1.10 billion dollars |
SoftBank |
| №8 | 17.12.2019 | $1.75 billion dollars |
Goldman Sachs |
| №9 | 30.10.2019 | $5.00 billion dollars | |
| №10 | 31.01.2019 | $25.00 thousand dollars |
LaunchVic |