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 $10 billion in December last year . Currently the company hosts 4 million office spaces in New York City and also services Washington DC , Boston and Washington DC . WeWork has been evaluated as being larger than all but three traded office landlords in Boston owning 15 sqaure ft. of office space with another 15 underway.