Business Wire

WeWork Closes $6 Billion Investment from SoftBank

Del

WeWork today announced it had received a $6 billion investment from SoftBank. $5 billion is in the form of primary growth capital and the remaining $1 billion in secondary capital which will be used to fund share purchases from investors and employees. WeWork’s post-money valuation is now $47 billion.

This investment includes a previously announced $4 billion funding commitment from SoftBank in the form of a $1 billion convertible note and a $3 billion warrant. WeWork and its subsidiaries have now raised more than $10 billion in total commitments from SoftBank since 2017.

“WeWork is disrupting a multi-trillion-dollar industry with a technology platform that provides a complete solution for space needs. WeWork has already experienced unparalleled growth and we are confident that with Adam’s vision and this growth capital the company will be able to aggressively pursue the enormous market opportunity ahead of them,” said Masayoshi Son, Chairman & CEO of SoftBank Group Corp.

WeWork today also announced the launch of The We Company. The We Company will establish WeWork, WeLive, and WeGrow as three distinct business lines that will expand upon WeWork’s existing efforts in these areas: WeWork’s mission is to create a world where people work to make a life, not just a living; WeLive’s mission is to build a world where no one feels alone; and WeGrow’s mission is to unleash every human’s superpowers.

“Through the extended WeWork network and the Meetup community, The We Company now touches approximately 5 million people around the world, with the funding to reach millions more. We’re driven by the impact we know we can have when we all work together with a shared intention. I am grateful to our employees, members, and our incredible partner in SoftBank for their commitment to our mission,” said Adam Neumann, Co-Founder and CEO of The We Company.

WeWork began 2019 with more than 400,000 members at 425 locations in 100 cities across 27 countries. Enterprise customers (members with over 1,000 employees) accounted for over 30% of the company’s total membership base. Forty-six per cent of enterprise members credit WeWork with giving them the freedom and flexibility to grow to new markets. As of September 2018, 30% of the Global Fortune 500 were with WeWork.

To learn more about The We Company, visit we.co.

About The We Company

The We Company’s guiding mission to elevate the world’s consciousness. It will seek to help people live proactively and with purpose, be a student of life, for life, and accept that humans are always growing and in a constant state of self-discovery, self-growth and change.

Contact information

Media Contacts
The We Company: press@wework.com
SoftBank: Ben Spicehandler – bspicehandler@sardverb.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

BOC Group Announces the Release of ADONIS NP 7.1 – Igniting A New Era of User Inclusion, Insights & BPM Experience25.6.2019 12:26:00 CESTPressemelding

Today, BOC Group released the latest version of its revolutionary BPM suite, ADONIS NP 7.1. Focusing specially on enriching the ADONIS NP experience for every user, transparency, simplicity and openness were kept at the core of this version’s design. And this release’s flagship feature, the Process Insights Dashboard, is a direct embodiment of that, with its powerful visualization and representation of all key process management information. Tobias Rausch, ADONIS NP product manager, elaborates: “We carefully designed the Insights Dashboard in a way that provides that one-click-access to everything you would need to know about your processes – from process hierarchy, responsible roles, inputs, outputs, to IT, risks, KPIs, as well as quick-links to analyses and reports”. “Essentially, the Insights Dashboard brings an entirely new and simplified way of interacting with the process content, ultimately making ADONIS NP even more user-friendly and intuitive than befo re!" What’s more, the la

MATRIXX Software Joins Linux Foundation Networking to Advance Next Generation of Telco Services25.6.2019 12:05:00 CESTPressemelding

MATRIXX Software , an innovation powerhouse committed to transforming global commerce, today announced it has joined Linux Foundation Networking (LFN) as a silver member. MATRIXX is participating in the foundation’s programs to provide guidance related to advancing a new generation of services inspired by web-scale best practices. With over 100 members, LFN continues its global drumbeat of ecosystem growth for accelerated development and adoption of open source and open standards-based networking technologies. The Linux Foundation supports the creation of sustainable open source ecosystems by providing financial and intellectual resources, infrastructure, services, events and training. “The LF Networking community is working together to foster industry collaboration and innovation across the entire open networking stack, and increase harmonization across platforms, ecosystems and communities,” said Arpit Joshipura, general manager, Networking, Automation, Edge & IOT, the Linux Foundati

CNT expands into Benelux region25.6.2019 12:00:00 CESTPressemelding

CNT Management Consulting, a leading SAP consultancy in Austria and Germany, is expanding its business activities into the Benelux region. For that reason, Advisum a Belgium consulting company located in Hasselt, was acquired. CNT Belgium will be headed by Kurt Huysmans, founder of Advisum and Michael Tschernko. The new office will focus on Life Sciences (pharmaceuticals, medical devices, biotechnology). http://www.cnt-online.com According to Tschernko, the area "Corda Campus" offers modern infrastructure with a start-up character, but also a high potential of well-trained young talents and extensive experience with existing SAP projects. The CNT’s own multilingual team (English, German, French and Flemish) is capable of working across the whole border region. For the consulting house, the expansion is a great opportunity to adapt its internal processes and structures also in terms of language. The two site managers Michael Tschernko and Kurt Huysmans bring in the necessary expertise a

Patient Safety Movement Foundation Announces First Curriculum Commitments25.6.2019 12:00:00 CESTPressemelding

To advance the education of healthcare professionals and reduce the number of preventable deaths, the Patient Safety Movement Foundation (PSMF) has developed core curriculum to teach patient safety throughout the entire education process, from freshman year through residency. The continued education and development of healthcare students and professionals improves the quality of patient care and eliminates preventable medical error. By committing to the Patient Safety Curriculum (Actionable Patient Safety Solutions #17), participants commit to: Improve knowledge of the science, as well as the human side, of patient safety Gain skills required to apply safe care practices to reduce medical error Value the role of patients and families as members of the healthcare team Demonstrate effective personal and team behaviors that support a just culture and reliable health system performance Advance the goal of eliminating preventable patient deaths “Helping healthcare students and professionals

DTCP Closes USD 350 Million Venture and Growth Fund Including Capital From Institutional and Corporate Investors25.6.2019 09:10:00 CESTPressemelding

DTCP announced today that it has secured additional capital commitments from two corporate sponsors for its second Venture and Growth Fund: SK Telecom, the largest mobile operator in Korea and frontrunner in the fields of mobile network, AI, IoT, media and platform services, and ZEISS, an internationally leading technology enterprise operating in the fields of optics and optoelectronics, headquartered in Germany. The new investors join Deutsche Telekom, HarbourVest Partners, Neuberger Berman private equity fund sand others as Limited Partners (LPs) in the fund which boasts total commitments of USD 350 million and is now closed for further investors. The fund looks to deploy tickets between USD 5 and 50 million into Enterprise SaaS companies that: (i) operate in the sectors Cloud and Network Infrastructure, 5G/IoT, Digital Enterprise, Cybersecurity, Artificial Intelligence, and Marketing Technology; (ii) typically feature annualized recurring revenues of USD 5 million or more and (iii)

ClickFellas Chooses Digital Element to Increase Accuracy of IP Geotargeting Services25.6.2019 08:02:00 CESTPressemelding

Digital Element, the global geolocation data and services provider, today announced that ClickFellas, a new advertising technology company, has chosen its NetAcuity EdgeTM technology to improve ad targeting for its clients. By incorporating Digital Element’s technology, ClickFellas is able to identify the consumer’s location, internet service provider, connection speed, mobile carrier, organisation name and proxy type without the user becoming personally identifiable. This highly accurate and granular IP data is used to facilitate standalone geotargeting and, when combined with additional factors such as gender, purchase intent and history data, allows Clickfellas to create tighter targeting profiles. Additionally, proxy data is used to help combat click fraud. “Digital Element’s technology helps us not only improve the accuracy of geotargeted advertising being served but also, ensures that we limit fraudulent traffic,” commented Franz Kanehl, Co-Founder ClickFellas Ltd. “For us, the b