WeWork’s $20B Valuation: A Timeline Of The Co-Working Giant’s Largest Fundraisers And Investors
Co-working forerunner WeWork completed its 11th round of fundraising this week, securing $760M in Series G funding that pushed its valuation to $20B. The company has raised $4.45B in total equity funding to date. Its latest valuation exceeds the market cap of huge office real estate owners, including Boston Properties, which has a $18.25B market cap, and Vornado with a $17.7B market cap, Forbes reports.
Below is a quick timeline detailing WeWork’s largest fundraising rounds since its 2010 inception, according to data provided by Crunchbase.
December 2014
Goldman Sachs took a chance on the then four-year-old co-working startup by leading a Series D fundraiser that totaled $355M. Other lead investors include T. Rowe Price and Wellington Management. The fundraiser boosted the company’s value to $5B.
June 2015
The shared-office space provider raised $434M in Series E funding led by Glade Brook Capital Partners, Fidelity Investments, JP Morgan Chase and T. Rowe Price. The deal doubled the company’s valuation to $10B, only six months after WeWork investors pushed its valuation to $5B.
March 2016
WeWork raised $430M in a new funding round in March, boosting its value to $16B. Investors that led the deal included Chinese firms Legend Holdings and Hony Capital, which drove WeWork’s valuation north while also getting it access to the Chinese market.
October 2016
Shanghai Jin Jiang International Hotels, one of China’s largest hotel companies, bet on the tech company in October 2016 in a Series F fundraiser that totaled $260M, pushing the co-working provider’s valuation to just under $17B.
February 2017
A report surfaced in February that Japan’s SoftBank was in talks with WeWork to invest between $3B and $4B. Though this deal has not been confirmed, Forbes reports Softbank did invest $300M in WeWork in March. The investor that led WeWork’s latest round of funding has yet to be named.
