Selina, a Panama-based start-up that provides digital nomads with accommodation, co-working spaces and leisure activities is in talks with Bank of America about raising $500m to launch an investment fund dedicated to US real estate. The company has already raised $200m from investors including the billionaire investor Carl Icahn and former Goldman Sachs executive David Bonderman. The idea is similar to ARK, the real estate investment platform founded by WeWork. Adam Neumann’s stint as WeWork’s chief ended last month as the office-sharing venture put its initial public offering on pause -- but one of his many side bets is building a war chest for a rapid expansion. Adam Neumann, founder and former CEO of WeWork, participated in a $95m funding round in April 2018. In April 2019 Selina raised a further $100m at a valuation of $850m.
Selina, a Panama-based start-up that provides digital nomads with accommodation, co-working spaces and leisure activities is in talks with Bank of America about raising $500m to launch an investment fund dedicated to US real estate. The company has already raised $200m from investors including the billionaire investor Carl Icahn and former Goldman Sachs executive David Bonderman. The idea is similar to ARK, the real estate investment platform founded by WeWork. Adam Neumann, founder and former CEO of WeWork, participated in a $95m funding round in April 2018. In April 2019 Selina raised a further $100m at a valuation of $850m.