WeWork Inks $430M

What does WeWork do?

WeWork, is an office sharing startup. It is a platform for creators. The company provides the space, services and community which is required for creating your life’s work. It is helping people create a world where people work to make a life and not just for making a living. There is a shift towards a new way of working, which is focused on movement towards meaning and this company is accelerating that movement.

How much WeWork was funded?

WeWork raised$430M in Series F on March 9, 2016 from Legend Holdings and Hony Capital.

Previous funding

• $6.85M on January 30, 2012
• $17M in Series A on July 1, 2012
• $40M in Series B on May 1, 2013
• $150M in Series C on October 20, 2013 from Aleph
• $355M in Series D on December 15, 2014 from Rowe Price, Goldman Sachs, Wellington Management, Management Company, Benchmark, JP Morgan Chase & Co. and Harvard
• $433.93M in Series E on June 25, 2015 from JP Morgan Chase & Co., Fidelity Investments and Rowe Price

What is next for WeWork?

The company will use the latest funding for the expansion of its business in Asia. The two lead investors in the latest funding round gave this company a foot in the door in China. The company has recently began experimenting with a co-living space, WeLive, where peple rent part of the living space and take part in shared amenities.

More about WeWork

The company was founded in February 15, 2010 by Jesse Middleton, Miguel McKelvey and Adam Neumann. It has its headquarters in New York, NY. The company is now home to over 40,000 members in 23 cities all over the world. It has 80 co working spaces in 23 cities worldwide and the company’s clients ranging from start-ups to big companies such as American Express and Merck.