WeWork was founded in 2010 by Adam Neumann and Miguel McKelvey to design and operate shared workspaces for a broad array of customers including startups, freelancers, small businesses, and entrepreneurs. As of 2019, the company operates over 846 locations in 123 cities spread over 37 countries. Beyond simply the spaces, the WeWork’s focus is on creating a community between its members, hosting many events including happy hours, lunch and learns, external events, and even a “Summer Camp.” In addition to the workspaces, WeWork has grown to include additional offerings such as WeGrow, a school, and WeLive, which are flexible stay, fully furnished living spaces.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
01/08/2018 | Series G-1 | $5B | $xx.xx | $48.68B | SoftBank Group | |
Price per Share
$xx.xx
Shares Outstanding
45,454,548
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
SoftBank Group
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08/25/2017 | Series G | $2.01B | $xx.xx | $21.18B | Alpha JWC Ventures, Catalyst Ventures, Primary Venture Partners, SoftBank Group, StraightPath Venture Partners, Syren Capital Advisors | |
Price per Share
$xx.xx
Shares Outstanding
34,742,329
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Alpha JWC Ventures, Catalyst Ventures, Primary Venture Partners, SoftBank Group, StraightPath Venture Partners, Syren Capital Advisors
|
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07/13/2015 | Series F | $750MM | $xx.xx | $15.75B | Legend Holdings, Hony Capital, Duff Ackerman & Goodrich, Harvard Management Company, Benchmark Capital, T. Rowe Price Associates, Wellington Management, JP Morgan Chase & Co, The Goldman Sachs Group, Fidelity Management & Research, Glade Brook Capital Partners | |
Price per Share
$xx.xx
Shares Outstanding
14,942,546
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Legend Holdings, Hony Capital, Duff Ackerman & Goodrich, Harvard Management Company, Benchmark Capital, T. Rowe Price Associates, Wellington Management, JP Morgan Chase & Co, The Goldman Sachs Group, Fidelity Management & Research, Glade Brook Capital Partners
|
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06/23/2015 | Series E | $433.93MM | $xx.xx | $10.23B | Fidelity Management & Research and several undisclosed investors | |
Price per Share
$xx.xx
Shares Outstanding
13,193,676
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Fidelity Management & Research and several undisclosed investors
|
||||||
12/15/2014 | Series D-2 | $156.2MM | $xx.xx | $5B | T. Rowe Price Associates, Wellington Management, Goldman Sachs Group, Vanguard, JP Morgan Chase & Co., Harvard Management Company, Benchmark Capital | |
Price per Share
$xx.xx
Shares Outstanding
9,380,718
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
T. Rowe Price Associates, Wellington Management, Goldman Sachs Group, Vanguard, JP Morgan Chase & Co., Harvard Management Company, Benchmark Capital
|
||||||
12/15/2014 | Series D-1 | $198.8MM | $xx.xx | $4.75B | T. Rowe Price Associates, Wellington Management, Goldman Sachs Group, Vanguard, JP Morgan Chase & Co., Harvard Management Company, Benchmark Capital | |
Price per Share
$xx.xx
Shares Outstanding
11,939,097
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
T. Rowe Price Associates, Wellington Management, Goldman Sachs Group, Vanguard, JP Morgan Chase & Co., Harvard Management Company, Benchmark Capital
|
||||||
10/15/2013 | Series C | $156.44MM | $xx.xx | $1.48B | JP Morgan Chase & Co., Harvard Management Company, Benchmark Capital | |
Price per Share
$xx.xx
Shares Outstanding
29,189,230
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
JP Morgan Chase & Co., Harvard Management Company, Benchmark Capital
|
||||||
05/01/2013 | Series B | $41.04MM | $xx.xx | $440MM | Undisclosed investors | |
Price per Share
$xx.xx
Shares Outstanding
22,165,260
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed investors
|
||||||
07/01/2012 | Series A | $17.5MM | $xx.xx | $97MM | DAG Ventures and several undisclosed investors | |
Price per Share
$xx.xx
Shares Outstanding
38,392,950
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
DAG Ventures and several undisclosed investors
|