WeWork casually raises $760M in Series G funding

by Liz Warren
July 12, 2017

Another day, another $760 million, right? That’s how coworking space giant WeWork must be feeling, as it was recently reported they raised that exact amount in a Series G funding round — with a valuation now sitting at $20 billion. This estimation means the company is now worth more than Twitter, Box and Blue Apron combined.

But you didn’t hear that from WeWork — as of right now, the company is keeping quiet about the news.

It’s not the first time WeWork has made quiet but powerful moves. Earlier this year, they alluded to plans to break into the wellness space. Then, without much press, they launched the WeWork Wellness app, allowing members and non-members to sign up for fitness classes hosted at a number of their NYC locations but it could be even bigger than that. Business Insider cryptically reported that there could be a line of WeWork gyms in the works.

The company also has stake in the co-living space, a concept they previously described to Built In as “another layer of our platform focused on enabling people to live more fulfilling lives.” They essentially provide people with communal apartments fully furnished with preinstalled cable, internet and a monthly cleaning service. There are ample common areas and places to exercise and relax — collectively.

WeWork is no stranger to big money. The NYC-based unicorn raised $690 million in its Series F funding round, and $433 million before that. It’s unclear of their plans for the future, but it appears they’re gearing up for more.

 

Image via Facebook.

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