WeWork

Provides coworking and office space solutions

New York City, New York, United States

About WeWork

WeWork provides shared workspaces and office solutions for individuals and businesses. Their spaces are designed to be flexible, allowing users to rent desks or private offices based on their needs. WeWork's locations are equipped with amenities such as high-speed internet, meeting rooms, and communal areas, making it easy for members to collaborate and network. Unlike traditional office rentals, WeWork offers short-term leases and a variety of membership plans, catering to freelancers, startups, and larger enterprises. The goal of WeWork is to create environments that foster productivity and community among its members.

New York City, New YorkHeadquarters
2010Year Founded
$12,795.1MTotal Funding
IPOCompany Stage
Social Impact, Real EstateIndustries
5,001-10,000Employees

Benefits

Competitive healthcare benefits
Life and AD&D insurance
401(k) matching
20 days of PTO
10 paid holidays
80 hours of paid sick time per full calendar year
16 weeks paid parental leave

Risks

Increased competition from Upflex threatens WeWork's market share.
WeWork's $19 billion debt limits financial flexibility and growth investment.
Bankruptcy filing indicates financial instability, risking client trust and membership decline.

Differentiation

WeWork transforms buildings into dynamic, collaborative workspaces for creativity and focus.
WeWork offers infrastructure, services, events, and tech for creators to thrive.
WeWork's eco-friendly workspaces attract environmentally conscious businesses.

Upsides

Flexible workspace demand is increasing with hybrid work models benefiting WeWork.
Digital nomadism rise creates global demand for coworking spaces, expanding WeWork's market.
Corporate downsizing in favor of flexible leases aligns with WeWork's offerings.

Funding

Total raised$12.80 B
Latest valuation$9.00 B
StageIPO
SPAC IPO
2/28/2021
$483
$9.00 B
$1.1 K
ACQUISITION
9/30/2019
$5.0 K
$6.25 B
SECONDARY
12/31/2018
$1.0 K
$47.00 B
SERIES H
12/31/2018
$1.0 K
$47.00 B
GROWTH EQUITY VC
10/31/2018
$3.0 K
$42.00 B
CONVERTIBLE
7/31/2018
$1.0 K
SERIES G
6/30/2017
$760
$20.00 B
SERIES F
9/30/2016
$260
$1.30 B
SERIES C
9/30/2013
$150
$750.00 M
SERIES B
4/30/2013
$40
$200.00 M
SERIES A
6/30/2012
$17
$85.00 M
SEED
12/31/2011
$7
$34.50 M