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
IPO Status

Financial

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.

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

Related Angels

Oleg Tscheltzoff
View profile
Oliver Jung
View profile