Marc Andreessen Is 'Doubling Down' On Adam Neumann’s Flow
Billionaire Marc Andreessen is “doubling down” on Flow, the fast-growing real estate platform launched by former WeWork CEO Adam Neumann.
In a post on the website of his venture capital firm, a16z, Andreesen said Neumann and his team at Flow had come up with a revolutionary vision for rental housing that incorporates community-building, unlocking more value than traditional operators.
Andreessen didn’t put a dollar figure on his commitment to Flow, but he already invested $350M into the startup in 2022 and has since been involved in at least one other funding round.
“Flow’s buildings crush market benchmarks,” he wrote. “Higher revenue. Better profits. A brand unlike anything in real estate. Flow’s technology reimagines what’s possible for owners, operators, investors, and residents.”
Andreessen’s a16z is known for its tech investments — including into digital giants like Facebook, GitHub and InstaCart — and the billionaire highlighted the disruptive potential of artificial intelligence across the wider business landscape, but said that housing was one of the few sectors where AI’s reach is relatively limited.
“If anything, in a world of increasing digital abstraction, physical spaces that unlock human potential matter more than ever,” he wrote. “This is why we are doubling down on Flow.”
Flow declined to provide details about the scale and scope of the investment and a16z didn’t respond to a request for comment.
Flow first launched in April 2024 with a high-profile media campaign and an apartment tower in Fort Lauderdale, Florida. It raised more than $100M from investors in a Series B funding round that ended in April and valued the company at roughly $2.5B.
The company or Neumann-controlled entities own a portfolio of more than 3,000 apartments in Florida, Georgia and Tennessee. The Flow Fort Lauderdale tower’s launch was followed shortly by the launch of Flow Miami, a 44-story apartment tower Neumann purchased in 2021.
A second-phase sister tower is also rising on the Flow Miami site that has 446 condos listed for sale under Flow House branding. The project is scheduled for delivery later this year.
Flow also owns a site adjacent to Flow Miami in Miami Worldcenter, a sprawling masterplanned development in Downtown Miami, where it’s rumored to be planning retail and office spaces.
In October 2024, Neumann announced Workflow, his second attempt at a coworking platform after being ousted from the top spot at WeWork when a failed initial public offering in 2019 exposed deep financial fissures at the company.
Neumann has marketed Flow as going beyond providing housing by building communities that provide a sense of belonging. Residents in Flow buildings aren’t just tenants, Andreessen wrote, but they’re neighbors. Flow is also looking for ways to bring the blockchain into real estate.
The brand is expanding internationally, with both condos and apartments planned in Saudi Arabia. It’s also been actively looking to trade properties in the Southern U.S.
An entity associated with Flow paid $71M for a 16-acre parcel in Miami in January that is zoned for up to 3.5M SF and 2,380 residential units. In November, Flow and Israeli investment firm Canada Global paid $116M for an office property in the Miami suburbs and secured local approval in May to build a 29-story residential tower on the property.
Flow is also in talks to sell its stake in a 425-unit Atlanta apartment tower that it acquired in 2021. Locally based developer and landlord Cortland is expected to acquire the property.
