Loading organizations...
§ Private Profile · New York City, NY, USA
WeWork is a technology company.
WeWork provides flexible workspace solutions, encompassing private offices, shared coworking environments, and equipped meeting rooms globally. The company delivers adaptable physical and virtual spaces designed to meet diverse work requirements, allowing businesses to efficiently scale their office footprint without long-term commitments. Its model offers comprehensive office infrastructure and services.
Founded in 2010 by Adam Neumann and Miguel McKelvey, WeWork's original insight addressed the need for agile and community-centric office solutions. They aimed to depart from rigid traditional commercial leases, envisioning dynamic professional settings that foster collaboration and flexibility for a modern workforce seeking alternatives to conventional setups.
WeWork serves a broad client base, from individual professionals and startups to large enterprise organizations. The company's vision centers on empowering businesses to adapt to evolving work trends by offering accessible, integrated workspace options. It strives to facilitate productivity and foster a sense of community for all members, supporting their operational agility.
WeWork has raised $13.0B across 12 funding rounds.
Key people at WeWork.
WeWork has raised $13.0B in total across 12 funding rounds.
WeWork has raised $13.0B in total across 12 funding rounds.
WeWork's investors include Ron Fisher, Masayoshi Son, SoftBank, Hony Capital, SoftBank Vision Fund, Temasek, Trustbridge Partners, John Zhao, Shanghai Jin Jiang International Hotels, Legend Holdings, Benchmark, Crosslink Capital.
WeWork has raised $13.0B across 12 funding rounds. Most recently, it raised $450.0M Other Equity in April 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 21, 2019 | CasaOne | $16.0M Series B | Subrata Mitra | Lydia Jett, Array Ventures, Freestyle Capital, HNI, Mihir Shah, Next World Capital, Quiet Capital |
| Aug 1, 2019 | OpenSpace | $14.0M Series A | LUX Capital | Accel, Arrive, Better Tomorrow Ventures, Bond, Emergence Capital, Franklin Templeton Investments, Locus Ventures, ONE Planet Group, Sequoia Capital, UpHonest Capital, Y Combinator, Eddie Hartman, Goldcrest Capital, JLL Spark, Navitas Capital, Suffolk Construction, Tishman Speyer, Zigg Capital |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 30, 2024 | $450M Venture Round | — | — | Announced |
| Oct 23, 2019 | $5B Venture Round | RON Fisher | — | Announced |
| Jan 8, 2019 | $2B Venture Round | Masayoshi SON | — | Announced |
| Nov 13, 2018 | $3B Venture Round | Softbank | — | Announced |
| Jul 26, 2018 | $500M Series B | Hony Capital, Softbank, SoftBank Vision Fund, Temasek, Trustbridge Partners | — | Announced |
| Jul 26, 2017 | $500M Venture Round | — | John Zhao, Masayoshi SON | Announced |
| Mar 21, 2017 | $300M Venture Round | Softbank | — | Announced |
| Oct 17, 2016 | $260M Series F | Shanghai JIN Jiang International Hotels | — | Announced |
| Mar 14, 2016 | $430M Series F | Hony Capital, Legend Holdings | — | Announced |
| Oct 1, 2014 | $360M Series D | — | Benchmark, Crosslink Capital, Sapphire Ventures | Announced |
| Nov 1, 2013 | $150M Series C | — | Aleph VC | Announced |
| Mar 1, 2012 | $17M Series A | — | Benchmark, Crosslink Capital, Sapphire Ventures | Announced |
Key people at WeWork.
WeWork is a global provider of flexible coworking spaces and office solutions, not a technology company but a real estate services firm offering shared workspaces, private offices, and enterprise strategies in approximately 600 locations across 125 cities in 37 countries.[2][3][6] It serves freelancers, startups, startups, and Fortune 500 enterprises by solving the problem of rigid, costly traditional leases through scalable, move-in-ready spaces with amenities, community events, and predictable pricing, enabling businesses to adapt quickly to hybrid work needs.[1][3][6] As of mid-2025, WeWork is debt-free post-bankruptcy, with revenue up 8.48% to $3.98 billion, positive EBITDA for six months, and over 500,000 members, projecting full profitability in 2025 amid demand for flexible workspaces.[1][4]
WeWork was founded in 2010 by Adam Neumann and Miguel McKelvey, who previously launched GreenDesk, an eco-friendly coworking space in Brooklyn in 2008, before selling it to start WeWork with its first location in SoHo, Manhattan, opening in 2011.[1][2] Neumann, an Israeli entrepreneur, and McKelvey envisioned transforming offices into vibrant, community-driven hubs beyond mere rentals, raising $12.8 billion including from SoftBank, peaking at $47 billion valuation in 2019.[1][2] Rapid expansion led to governance issues and a failed IPO, culminating in Chapter 11 bankruptcy in November 2023; it emerged in June 2024 as a leaner private company under new leadership like CEO Sandeep Mathrani (until later transitions), now with 600 locations and a focus on profitability.[1][2]
WeWork rides the hybrid work trend accelerated by the pandemic, capitalizing on economic uncertainty that boosts demand for flexible leasing over fixed real estate commitments.[1][5] Its timing aligns with enterprises diversifying portfolios—tripling footprints without leases in some cases—amid remote/hybrid shifts, competing with IWG while serving tech-heavy users like startups and Fortune 500s.[4][5] Market forces like rising office vacancies and cost pressures favor its model, influencing the ecosystem by normalizing coworking (now in 119 cities), enabling tech firms' agility, and partnering with governments (e.g., U.S. GSA in 2021).[2][4] This reshapes real estate from ownership to "as-a-service," indirectly supporting tech innovation by freeing capital for growth.
WeWork's turnaround positions it for sustained growth, with 2025 investments in upgrades, enterprise focus, and profitability projections amid flexible space demand.[1][7] Trends like AI-driven hybrid models and economic volatility will shape it, potentially expanding via partnerships and tech integrations for space management.[5][6] Its influence may evolve from hype-driven unicorn to reliable real estate player, empowering tech ecosystems with agile infrastructure—echoing its founding vision of community over leases, now grounded in discipline.[1][3]