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WeWork

WeWork

WeWork is a company providing shared workspaces for entrepreneurs, freelancers, startup companies, small businesses and large enterprises.

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Timeline

October 14, 2019

WeWork announces it prefers the option of a near $5 billion financing package led by JPMorgan Chase & Co to selling a controlling stake to Japan's SoftBank Group Corp.

October 10, 2019

WeWork announces it is set to open two new locations in Singapore in 2019.

October 3, 2019

WeWork announces layoffs to staff.

September 30, 2019

WeWork's new leaders formally suspends a planned stock market.

September 24, 2019

WeWork announces that Adam Neumann will step down as CEO.



September 13, 2019

Reports indicate that WeWork is seeking a valuation between $10 and $12 billion in its IPO.

August 14, 2019

WeWork, now known as The We Company, released its IPO prospectus Wednesday morning months after filing confidentially to go public. 

July 30, 2019

WeWork announces that it will acquire SpaceIQ, a workplace real estate management and operations platform.

June 2019

WeWork buys Waltz, a company sells building access software.

April 29, 2019

WeWork announced April 29 that it filed confidentially in late December to go public.

The company's revenue doubled in 2018, to $1.8 billion. By that measure, the company earned $467.1 million last year, double what it earned in 2017.

April 29, 2019

WeWork, valued at $47 billion in January, raises $8.4 billion in a combination of debt and equity funding. 

January 2019

SoftBank privately values WeWork at $47 billion.

January 2019

WeWork secures a $47 billion valuation in a private fundraising.

January 2019

We Company receives an investment of $47 billion from SoftBank.

2019

WeWork invests $32 million into Laird Superfood

2019

SoftBank is planning to pledge an extra $1 billion or even more to alter warrant agreement terms it struck this year with WeWork

September 2018

WeWork buys Teem, a company that sells room booking software.

2018

WeWork loses $1.9 billion in a abandoned IPO.

2017

WeWork’s 2017 revenue $886 million 

2010

WeWork Founded

WeWork is founded by Adam Neumann and Miguel McKelvey in 2010. 

Funding rounds

2 Results
Funding round
Funding round
Funding round amount (USD)
Funding round amount (USD)
Funding type
Funding type
Funding round date
Funding round date
Investment
Investment

Funded Companies

4 Results
Company
Company
Description
Description
Website
Website
Industry
Industry
Location
Location

Jones is a New York-based company.

Landit is a company that provides a career pathing platform.

People

Name
Role
LinkedIn

Adam Neumann

Co-Founder



Miguel McKelvey

Co-Founder



Rebekah Neumann

Co-Founder



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Documentaries, videos and podcasts

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Companies

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References