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WeWork

WeWork

A platform in New York that focuses on providing office space, mail and package handling, conference rooms, weekly events, high-speed internet and community networking to customers.

WeWork is a company that offers a platform which focuses on providing office space, mail and package handling, conference rooms, weekly events, high-speed internet and community networking to customers.

The company was founded in 2010 by Adam Neumann and Miguel McKelvey. WeWork invests in series A, series C, convertible note, series B, grant, seed round and funding round. Its portfolio include Landit, The Wing, Hargol™ FoodTech, Victor Tech Inc, Brave Initiatives, Luna Lights, and Wavegarden. WeWork has made eight investments as at April 2020.

WeWork was founded with the vision to create environments where people and companies can come together and carry out their best work. Since opening its first location in New York City, WeWork has grown into a global workplace provider that is committed to delivering flexible solutions, inspiring safety-focused spaces, and unmatched community experiences.

Today, WeWork is constantly reimagining the way workplace can help everyone, from freelancers to Fortune 500 companies, helping businesses and their employees to become more motivated and productive. The mission of WeWork’s Office of Inclusion is to create a workplace that facilitates inclusion and fosters diversity.

Timeline

May 27, 2021
WeWork completes a merger with BowX Acquisition Corp.

As CEO, Mr. Neumann spent heavily buying companies in a bid to expand WeWork's offerings beyond office space.

April 20, 2021
WeWork announces that it will begin accepting cryptocurrencies as a form of payment and plans to hold the digital assets on its balance sheet.
March 2021
WeWork agrees to go public through a merger with BowX Acquisition Corp, a special purpose acquisition company, in a deal that valued it at $9B.
May 14, 2020
WeWork reports improved free cash flow in first quarter.
February 20, 2020
WeWork announced a new COO in its first major hire under new CEO.
February 1, 2020
WeWork parent company names real estate veteran, Sandeep Mathrani, as their new CEO.
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.

Funding Rounds

Invested in

Associated Investment Funds

Patents

Funding Rounds Participated In

Further Resources

Title
Author
Link
Type
Date

WeCrashed: In the Beginning There Was Adam...

29th January, 2020

WeCrashed: Two Tall Guys From A Commune

29th January, 2020

News

Title
Author
Date
Publisher
Description
Erin Griffith
October 9, 2021
www.nytimes.com
Average investors were not able to get in on the last decade's start-up boom in private markets. Once that seemed unfair. Now it looks lucky.
August 24, 2021
mint
As companies delay their plans for returning to the office, many are taking spaces from WeWork, Industrious and others
Peter Bradshaw
August 11, 2021
the Guardian
Adam Neumann's vision of a communal, creative, snack hub-filled future comes crashing down in a fake-it-till-you-make-it fable
August 9, 2021
mint
Alliance aims to help landlords and tenants navigate returning to the office
Shira Ovide
August 3, 2021
www.nytimes.com
Unscrupulous, boundary-pushing executives seem to be an inescapable part of the most exciting technology.
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References

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