Six months after investors placed a $5 billion valuation on WeWork Companies Inc., the New York-based provider of shared office space to small companies and technology startups has reached the $10 billion mark. WeWork on Wednesday said Fidelity Management & Research Co. and existing investors had pumped $400 million of capital into the company. Chief Executive Adam Neumann said the company’s valuation is now roughly $10 billion. ...
Four year start up company WeWork, a company that sublets large rented office spaces to other start-ups, has raised a new round of funding that is estimated to value the company at $10 billion, doubling from its last funding round of $5 billion in December last year. Currently the company hosts 15 office spaces in New York City and also services Washington DC, Boston and San Francisco. WeWork has been evaluated as being larger than all but three traded office landlords in Boston owning 4 million sqaure ft. of office space with another 1.5 million underway.