WeWork - About the company
WeWork is an acquired company based in New York City (United States), founded in 2010 by Adam Neumann and Miguel McKelvey. It operates as an Online platform providing managed co-working spaces. WeWork has raised $12.8B in funding from investors like SoftBank Group, Fidelity Investments and Benchmark, with last known valuation of $2.9B. The company has 1191 active competitors, including 95 funded and 42 that have exited. Its top competitors include companies like Industrious, myHQ and BHIVE Workspace.
Sectors and market segments that WeWork operate in
WeWork serves in the B2B space in the Real Estate and Construction Tech market segments.The primary business model of WeWork is:Company Details
Online platform providing managed co-working spaces. It provides users with a platform that enables users to design and build physical and virtual offices. It also offers private offices, co-working spaces, event spaces, and more. They provide amenities that include WiFi, common areas, front desk service, parking spaces, and more.
- Website
- Social
- Phone Number
- +1
- Part Of
- global.softbank
Key Metrics
Founded Year
2010
Location
New York City, United States
Stage
Acquired
Total Funding
in 22 rounds
Latest Funding Round
Last Known Valuation
as on May 18, 2020
Investors
Ranked
1st among
Annual Revenue
as on Mar 31, 2024
Employee Count
as on Aug 31, 2024
Investment & Acquisitions
Zoapi &
Similar Companies
Exit Details
Acquired by Rentberry (Feb 16, 2024)
Legal entities associated with WeWork
WeWork is associated with 7 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Dec 31, 2009 | - | 137 | 840 | |
Apr 20, 2016 | $9.45K (as on Mar 31, 2021) | 106 | 828 | |
Dec 31, 1999 | - | 824 | 983 | |
May 28, 2018 | - | 597 | 700 | |
Jul 19, 2018 | - | 363 | 573 | |
May 29, 2013 | - | 162 | 436 | |
May 12, 2016 | $210M (as on Mar 31, 2024) | 793 | 287 |
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WeWork's acquisition details
WeWork got acquired by Rentberry and Berkeley Hills Capital on Feb 16, 2024.
Click to take a look at WeWork's acquisition in detail
WeWork's funding and investors
WeWork has raised a total funding of $12.8B over 22 rounds. Its first funding round was on Oct 25, 2011.
WeWork has 35 institutional investors including SoftBank Group, Fidelity Investments and Benchmark. is only Angel Investor in WeWork.
Here is the list of recent funding rounds of WeWork:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Apr 16, 2024 | Undisclosed | Post IPO | - | - | - |
Oct 29, 2021 | $150M | Post IPO | - | - | |
Apr 12, 2021 | $26.7M | Post IPO | - | - | - |
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WeWork's founders and board of directors
The founders of WeWork are Adam Neumann and Miguel McKelvey. and are the CEO of WeWork. Adam Neumann has founded 3 more companies - 166 2nd, and Banc de Investments FX.
View details of WeWork's Founder profiles and Board Members
WeWork's employee count trend
WeWork has 514 employees as of Aug 24. The total employee count is 3.2% more than what it was in Aug 23. Here is WeWork's employee count trend over the years:
Uncover WeWork's growth story! Sign up today!WeWork's Competitors and alternates
Top competitors of WeWork include Industrious, myHQ and BHIVE Workspace. Here is the list of Top 10 competitors of WeWork, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st | 2010, New York City (United States), Acquired | Online platform providing managed co-working spaces | $12.8B | DAG Ventures, BenchmarkÌý&²¹³¾±è;Ìý | 76/100 |
2nd | Industrious 2013, New York City (United States), Acquired | Provider of managed co-working and private office spaces freelancers, startups, and entrepreneurs | $334M | CPP Investments, Wells FargoÌý&²¹³¾±è;Ìý | 78/100 |
3rd | Provider of an online marketplace to book shared office membership pass | $2.81M | RB Investments, LetsVentureÌý&²¹³¾±è;Ìý | 76/100 | |
4th | BHIVE Workspace 2014, Bengaluru (India), Seed | Provider of co-working spaces and managed offices for businesses and startups | $2.86M | Blume Ventures, Ìý&²¹³¾±è;Ìý | 72/100 |
5th | Provider of flexible workspace solutions for large enterprises, startups, and small and medium-sized businesses | $45M | WestBridge Capital, MMPL TrustÌý&²¹³¾±è;Ìý | 72/100 | |
6th |  Convene 2009, New York City (United States), Acquired | Provider of managed co-working spaces | $266M | Ares Management, RevolutionÌý&²¹³¾±è;Ìý | 72/100 |
7th | Provider of managed co-working space | $18.8M | , LetsVentureÌý&²¹³¾±è;Ìý | 72/100 | |
8th | Provider of managed co-working spaces | $107M | Arkin Holdings, BXR GroupÌý&²¹³¾±è;Ìý | 70/100 | |
9th | Offers an online platform that provides managed co-working spaces | $13.3M | Urmin Group, Ìý&²¹³¾±è;Ìý | 69/100 | |
10th |  91Springboard 2012, Delhi (India), Series B | Provider of managed co-working office spaces for business professionals | $29.2M | Pratithi Investments, Anthill VenturesÌý&²¹³¾±è;Ìý | 68/100 |
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WeWork's Investments and acquisitions
WeWork has made 17 investments in companies including Zoapi and Upflex. WeWork has also acquired 19 companies including CommonDesk and Spacious. Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Oct 13, 2022 | Investments | 2019 | Bengaluru, India | |
May 25, 2022 | Investments | 2018 | New York City, United States | |
Jan 25, 2022 | Acquisition | 2012 | Dallas, United States |
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Reports related to WeWork
Here is the latest report on WeWork's sector:
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News related to WeWork
Media has covered WeWork for a total of 64 events in the last 1 year, 29 of them have been about company updates and 8 about people movement.
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Inc42•Mar 25, 2025•WeWork
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Law360•Mar 19, 2025•WeWork
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Property Week•Feb 27, 2025•WeWork,
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CoStar•Feb 25, 2025•WeWork
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