WeWork Overview
WeWork is the world leader in flexible spaces, providing companies of all sizes with the physical space, community and services that help them grow their businesses. With over 850 locations, WeWork provides a work environment for over 600,000 members worldwide. In Israel WeWork maintains 14 buildings across the country from south to north - in Tel Aviv, Jerusalem, Beer Sheva, Haifa, Ramat Gan and Herzliya. During this period WeWork allows its members free access to all locations in the world.
Latest News
growth-positive
Former WeWork CEO Adam Neumann has raised over $100 million in capital for his proptech startup, Flow, in a round that values that company at about $2.5
Former WeWork CEO Adam Neumann has successfully raised over $100 million for his proptech startup, Flow, in a recent funding round. This round values the company at approximately $2.5 billion. Andreessen Horowitz, an existing investor, participated in this financing. Flow, which focuses on residential real estate, particularly rentals and co-living spaces, had previously raised $350 million from Andreessen Horowitz in 2022, at a valuation of $1 billion. This new investment comes despite Neumanns controversial history with WeWork, which filed for bankruptcy in 2023 and was acquired by Yardi for $450 million. Neumann expressed confidence in Flows potential to go public in the future.
Investment
growth-positive
Backed by a16z, the ex-WeWork CEO's real estate platform targets global expansion.
Flow, a residential real estate startup founded by ex-WeWork CEO Adam Neumann, has raised over $100 million in a Series B funding round, bringing its valuation to approximately $2.5 billion. The round was led by Andreessen Horowitz (a16z), which had previously invested $350 million in the company. Flow aims to revolutionize residential real estate by integrating technology, design, hospitality, and community into a single platform. The company has already launched projects in South Florida and Saudi Arabia, with plans for further global expansion. Flows software platform leverages AI to manage properties efficiently, and the company forecasts positive cash flow by 2025.
InvestmentPartnersCustomers
growth-positive
מייסד WeWork מודה שעשה טעויות בניהול חברת חללי העבודה, אך מתחמק מהביקורת באלגנטיות: מבחינתו סופטבנק היא זו שפגעה בחברה, הביקורת על הג'וינטים במטוס הייתה מוגזמת, והטעויות שלו נבעו מחוסר ניסיון ■ בריאיון ל"אולפן שישי" הייתה חסרה אמירה אחת חשובה: החברה הייתה כישלון עסקי ופיננסי
The article discusses Adam Neumanns new venture, Flow, a real estate company that has received investment from Andreessen Horowitz. Despite past controversies surrounding Neumanns leadership at WeWork, Andreessen Horowitz sees potential in his new project. The article highlights the investment as a positive development for Flow, indicating a growth-positive impact. It also touches on Neumanns reflections on past mistakes and his journey towards recovery and success in the real estate sector.
Investment
growth-positive
לאחר שלוש שנים: WeWork תפתח מתחם חדש בישראל - באשדוד | כלכליסט
WeWork is set to open a new co-working space in Ashdod, Israel, in partnership with Big, within the Big Fashion Ashdod center. The investment for this project is estimated at 14 million shekels. The new space, expected to open in Q4 2025, will cover 2,500 square meters across two floors and accommodate up to 450 members. It will offer flexible workspaces, including public areas, meeting rooms, and private offices, with digital booking options. This expansion follows WeWorks recent opening in Tel Aviv and the cancellation of a planned location in Petah Tikva. In June 2024, a U.S. judge approved WeWorks exit from bankruptcy proceedings after a restructuring process.
PartnersExpand
Growth-Positive
A privately-owned, leaner, Adam Neumann-free WeWork ready to emerge from bankruptcy | CTech
WeWork, the office-sharing company, has emerged from bankruptcy with a new estimated value of $750 million, a significant drop from its peak value of $47 billion. The restructuring plan, approved by a New Jersey judge, allows WeWork to eliminate $4 billion in debt. The company is now led by new owner Anant Yardi, founder of Yardi Systems, a private real estate management software company. As part of the restructuring, WeWork raised $450 million, closed about 160 locations worldwide, and secured new leases at lower costs. The companys board will be replaced, with four out of seven members coming from Yardi Systems. Current CEO David Tolley will be replaced by John Santora from real estate firm Cushman & Wakefield.
InvestmentManagement ChangesLayoffs
Team Members
1
Web & Social Links
| Website | www.wework.com |
Locations
HaZerem Street 10, Tel Aviv-Yafo, Israel
Shankar St 1, Herzliya, 4672501, Israel
King George St 20, Jerusalem, 9426208, Israel
WeWork Azrieli Town, Derech Menachem Begin 146, Tel Aviv-Yafo, Israel
Dubnov St 7, Tel Aviv-Yafo, 6473207, Israel
Yigal Alon St 114, Tel Aviv-Yafo, 6744320, Israel
Aluf Kalman Magen Street 3, Tel Aviv-Yafo, Israel
Tuval St 40, Ramat Gan, 5252247, Israel
Derech HaAtsma'ut 45, Haifa, Israel
Shoken Street 23, Tel Aviv-Yafo, Israel
Derech Menachem Begin 144, Tel Aviv-Yafo, Israel
Shlomo Ibn Gabirol St 30, Tel Aviv-Yafo, 6407807, Israel
Gav-Yam Negev Advanced Technologies Park, Be'er Sheva, Israel
Sderot Sha'ul HaMelech 35, Tel Aviv-Jaffa, Israel
115 W 18th St, New York, NY 10011, USA
Photos & Videos
1 item(s)
WeWork Business
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—Core Technology
—WeWork Financials
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WeWork Lifecycle
WeWork News
24 articles
growth-positive
Former WeWork CEO Adam Neumann has raised over $100 million in capital for his proptech startup, Flow, in a round that values that company at about $2.5
Former WeWork CEO Adam Neumann has successfully raised over $100 million for his proptech startup, Flow, in a recent funding round. This round values the company at approximately $2.5 billion. Andreessen Horowitz, an existing investor, participated in this financing. Flow, which focuses on residential real estate, particularly rentals and co-living spaces, had previously raised $350 million from Andreessen Horowitz in 2022, at a valuation of $1 billion. This new investment comes despite Neumanns controversial history with WeWork, which filed for bankruptcy in 2023 and was acquired by Yardi for $450 million. Neumann expressed confidence in Flows potential to go public in the future.
Investment
growth-positive
Backed by a16z, the ex-WeWork CEO's real estate platform targets global expansion.
Flow, a residential real estate startup founded by ex-WeWork CEO Adam Neumann, has raised over $100 million in a Series B funding round, bringing its valuation to approximately $2.5 billion. The round was led by Andreessen Horowitz (a16z), which had previously invested $350 million in the company. Flow aims to revolutionize residential real estate by integrating technology, design, hospitality, and community into a single platform. The company has already launched projects in South Florida and Saudi Arabia, with plans for further global expansion. Flows software platform leverages AI to manage properties efficiently, and the company forecasts positive cash flow by 2025.
InvestmentPartnersCustomers
growth-positive
מייסד WeWork מודה שעשה טעויות בניהול חברת חללי העבודה, אך מתחמק מהביקורת באלגנטיות: מבחינתו סופטבנק היא זו שפגעה בחברה, הביקורת על הג'וינטים במטוס הייתה מוגזמת, והטעויות שלו נבעו מחוסר ניסיון ■ בריאיון ל"אולפן שישי" הייתה חסרה אמירה אחת חשובה: החברה הייתה כישלון עסקי ופיננסי
The article discusses Adam Neumanns new venture, Flow, a real estate company that has received investment from Andreessen Horowitz. Despite past controversies surrounding Neumanns leadership at WeWork, Andreessen Horowitz sees potential in his new project. The article highlights the investment as a positive development for Flow, indicating a growth-positive impact. It also touches on Neumanns reflections on past mistakes and his journey towards recovery and success in the real estate sector.
Investment
growth-positive
לאחר שלוש שנים: WeWork תפתח מתחם חדש בישראל - באשדוד | כלכליסט
WeWork is set to open a new co-working space in Ashdod, Israel, in partnership with Big, within the Big Fashion Ashdod center. The investment for this project is estimated at 14 million shekels. The new space, expected to open in Q4 2025, will cover 2,500 square meters across two floors and accommodate up to 450 members. It will offer flexible workspaces, including public areas, meeting rooms, and private offices, with digital booking options. This expansion follows WeWorks recent opening in Tel Aviv and the cancellation of a planned location in Petah Tikva. In June 2024, a U.S. judge approved WeWorks exit from bankruptcy proceedings after a restructuring process.
PartnersExpand
Growth-Positive
A privately-owned, leaner, Adam Neumann-free WeWork ready to emerge from bankruptcy | CTech
WeWork, the office-sharing company, has emerged from bankruptcy with a new estimated value of $750 million, a significant drop from its peak value of $47 billion. The restructuring plan, approved by a New Jersey judge, allows WeWork to eliminate $4 billion in debt. The company is now led by new owner Anant Yardi, founder of Yardi Systems, a private real estate management software company. As part of the restructuring, WeWork raised $450 million, closed about 160 locations worldwide, and secured new leases at lower costs. The companys board will be replaced, with four out of seven members coming from Yardi Systems. Current CEO David Tolley will be replaced by John Santora from real estate firm Cushman & Wakefield.
InvestmentManagement ChangesLayoffs
Adam Neumann Bids to Buy Back WeWork for More Than $500 Million
growth-negative
Adam Neumann is trying to buy back WeWork | TechCrunch
Adam Neumann, co-founder of WeWork, is reportedly attempting to buy the company out of bankruptcy. Lawyers for Neumann and his latest startup, Flow Global Holdings, expressed frustration with WeWorks lack of engagement in providing information for a potential buyout. Neumann is partnering with investors such as Dan Loebs hedge fund Third Point for the buyout. WeWork, once valued at $47 billion, filed for bankruptcy in November, listing over $18.6 billion of debt. The company had previously raised over $22 billion from investors such as SoftBank, BlackRock, and Goldman Sachs.
AcquisitionInvestment
growth-negative
WSJ News Exclusive | WeWork Plans to File for Bankruptcy as Early as Next Week
WeWork, once a venture capital-backed star with a valuation of $47 billion, is planning to file for bankruptcy as early as next week. This marks a significant reversal for the New York-based flexible-office-space provider. The company is considering filing a chapter 11 petition in New Jersey.
CustomersPublic Trading
growth-positive
גלובס זירת העסקים של ישראל
WeWork Israel and Fiverr have announced a partnership that will allow WeWork users in Israel to offer design, writing, and software development services on the Fiverr Business platform. This will give them access to thousands of potential customers worldwide. In addition, Fiverr has set up a dedicated page for WeWork members in Israel, where they can order services from each other based on geographical proximity and shared language, and receive unique benefits. Links.MD, a company that makes medical information accessible to start-ups, will collaborate with the Gastro Health medical center network in the US.
PartnersExpand
growth-negative
"WeWork הפסידה 3.2 מיליארד דולר ב-2020, צופה רווח ב-2022"
WeWork, the office space provider, reported a loss of $3.2 billion in 2020 due to the impact of the COVID-19 pandemic. However, the company plans to go public through a potential merger with SPAC, with a valuation of $9 billion. WeWork is in talks with BowX Acquisition Corp, which raised $420 million in August. The company aims to attract institutional investors for the IPO. WeWorks occupancy rate dropped from 72% to 47% by the end of 2020. The potential SPAC merger could be a measure of investor appetite for previously struggling businesses. The deal is not yet finalized. SoftBank and Adam Neumann, the founder of WeWork, are involved in the arrangement with BowX. WeWorks financial projections include a 90% occupancy rate by the end of 2022 and revenues of $7 billion by 2024.
InvestmentPublic Trading
growth-positive
WeWork to open co-working offices in Petah Tikva
WeWork is set to build its second largest branch in Israel, located in Petah Tikva. The branch will be housed in a converted warehouse near the Geha Interchange and will include six floors, 15,000 square meters, and 3,000 workspaces of various sizes. The building is owned by Ampa Real Estate and was purchased for NIS 50 million. WeWork chose the Petah Tikva location due to its accessibility to highways and public transport. The expansion is part of WeWorks efforts to offer businesses in Petah Tikva and the surrounding areas the opportunity to grow as members of the WeWork community. The building will undergo renovations to become a trendy and elegant architectural building.
Expand
growth-negative
WeWork files confidentially for IPO
WeWork has submitted confidential documents for an IPO. The company, valued at $47 billion, has raised $8.4 billion in funding. WeWork doubled its revenue in 2018 but also experienced significant net losses. Despite this, it achieved a 90 percent occupancy rate and a 116 percent increase in total membership. WeWorks high valuation and cash burn rate may pose challenges in convincing public market investors of its longevity and tech company status. The company is backed by SoftBank, Benchmark, T. Rowe Price, Fidelity, Goldman Sachs, and others.
Public TradingInvestment
growth-positive
WeWork Nabs CEO of Israeli State-Owned Real Estate Company
WeWork has hired Uzi Levy, former CEO of Israeli state-owned Apartment for Rent, to oversee the companys real estate operations in Israel. Levy will be responsible for finding new assets, negotiating with owners and contractors, and initiating new projects. Apartment for Rent was founded in 2014 as part of a plan to build housing units for long-term tenants, but the focus shifted to selling low-priced housing units under a new plan. Levy resigned from his position at Apartment for Rent last week.
PartnersManagement Changes
growth-positive
https://www.jpost.com/In-Jerusalem/WeWork-comes-to-Jerusalem-572619
The article discusses the success and growth of WeWork, a shared office space provider. WeWork offers offices without the hassle of logistics, catering to the trend of urbanization and the need for efficient space utilization. The company has expanded globally, with 268,000 members in 474 locations across 90 cities. In Israel, WeWork has nine centers, including a new building in Jerusalem. The article highlights the benefits of WeWork, such as free Wi-Fi, printing, and beer, fostering a sense of community and cross-platform sharing. It also addresses the loneliness that freelancers often face and the affordability of WeWorks office spaces. Overall, the article portrays WeWork in a positive light, showcasing its popularity and positive impact on professionals and businesses.
CustomersExpand
growth-positive
WeWork to Launch a Startup Accelerator in Haifa
WeWork is set to launch a startup accelerator program in Haifa, Israel as part of its global accelerator program, WeWork Labs. The program will support 40 startups, including members of the Haifa-based technology hub and accelerator theDOCK. Haifa is known as one of Israels biggest tech hubs, with companies like IBM and Amazon operating offices there. WeWork Labs provides courses, mentorship, and collaborations with other startup incubators and accelerators. WeWork plans to open 30 Labs programs worldwide by the end of the year. WeWork currently operates multiple office spaces in Israel and has nearly 5,000 members in the country.
PartnersExpand
growth-positive
WeWork May Launch Its First Israeli Co-Living Space in Jerusalem
WeWork is in negotiations to lease additional space in Jerusalem for its co-living venture WeLive. The city of Jerusalem has approved a plan to build six additional floors on top of a four-story commercial building, and WeWork is looking to lease the additional space for offices and living purposes. WeWork currently leases two floors in the building. However, a WeWork spokesperson denied the report, stating that the company has no plans to bring WeLive to the Hamashbir building in Jerusalem. WeWork launched WeLive in 2016, offering co-living spaces in New York and the Washington, D.C. area. Jerusalem is undergoing changes to attract businesses, including the construction of a new entrance to the city and the launch of a new express train line.
PartnersExpand
growth-positive
WeWork to open Jerusalem workspace in October
WeWork is set to open its first shared workspace facility in Jerusalem in October. The facility will be located in a landmark building on King George Street. WeWork already has 10 other buildings in Israel, including seven in Tel Aviv and buildings in Herzliya, Haifa, and Beersheva.
Expand
growth-positive
WeWork to Open Coworking Space in North Israel Port City Haifa
WeWork is set to open a new coworking space in Haifa, Israel on August 1. This will be WeWorks first location in northern Israel and its eighth outpost in the country. Haifa is known as a major tech hub with companies like IBM and Amazon having offices there. WeWork currently operates five office spaces in Tel Aviv, one in Herzliya, and one in Beer Sheva. They also plan to open a location in Jerusalem by the end of the year. WeWork has nearly 5,000 members in Israel and over 250,000 members worldwide.
CustomersPartners
growth-negative
Microsoft Leases Entire WeWork Location in Tel Aviv
Startups and small tenants are being asked to move out of WeWorks Dubnov location in Tel Aviv as Microsoft has signed a lease to take over the rest of the space. WeWorks executive did not respond to requests for comment. WeWork has been focusing on attracting corporate clientele, with Microsoft, Facebook, and IBM being some of its major clients. WeWork is tweaking its space design to cater to the demands of large companies.
Customers
growth-positive
WeWork to lease 4 floors in Tel Aviv tower
Amot Investments Ltd. and Bayside Land Corp. Ltd. have signed a memorandum of understanding with WeWork for a lease of four floors in the ToHa office tower in Tel Aviv. The 15-year lease is believed to be worth NIS 300 million. WeWork will rent 13,000 square meters initially and has an option to lease four more floors. If exercised, WeWorks offices will cover half of the rental space in the building. The ToHa tower is expected to be completed by the end of 2018. Amot Investments Ltd. and Bayside Land Corp. Ltd. also hold construction rights for another nearby tower.
PartnersCustomers
WeWork gets $4.4 billion from SoftBank - New York Business Journal
growth-positive
http://www.jpost.com/Business-and-Innovation/Tech/WeWork-to-open-its-first-Jerusalem-office-expand-in-Tel-Aviv-467111
WeWork plans to open its first office in Jerusalem in mid-2017, in addition to opening two more locations in Tel Aviv and expanding its Herzliya Pituah space. The company is transforming the Hamashbir building on King George Avenue into its seventh location in Israel. WeWork has been on a growth kick in 2016, adding new locations in various cities around the world. The co-working space has been popular among Israels startups, as well as big companies and institutions. In Israel, it is home to Uber, Bank Leumis fin-tech subsidiary Leumi Tech, and Ben-Gurion Universitys Innovation Labs.
Expand
growth-positive
WeWork To Open Two New Tel Aviv Workspaces
WeWork is doubling its presence in Tel Aviv by opening two new locations and expanding an existing one. This marks the 5th and 6th locations launched by WeWork in Israel since entering the market two years ago. The company is also experiencing global expansion, with new locations opening in Montréal, Mexico City, Berlin, Shanghai, and Seoul in 2016, and plans to open in Paris in 2017. WeWork provides professionally designed workspaces and other services for startups. It has achieved a valuation of $5-10 billion after raising over $1 billion from institutional investors.
Expand
growth-positive
WeWork brings its new kind of office to Israel
WeWork, a shared workspace company, is expanding rapidly in Israel and globally. The company provides flexible workspace solutions for startups and established businesses, offering amenities such as meeting rooms, lounges, and internet access. WeWorks business model is based on the sharing economy trend, similar to Airbnb and Uber. The company is valued at $1.5 billion and is expected to generate $150 million in revenue in 2015. WeWork has attracted investors such as Mortimer Zuckerman and Benchmark Capital. The company plans to continue expanding its presence in Israel and other locations.
Expand
WeWork Team
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Ori Tal
· ori.tal@wework.com · Manual · 2018-01-02 08:36:47.000000
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Admin Info
| Confidence | 52/100 |
| Missing | funding stage, product stage, sector, number of employees, tags, business model, tag line, markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 514886399 |
| Crunchbase | wework |
| Phone | +97237630718 |
| Last updater | Dana Arnon |
| Updater email | dana.arnon@mail.huji.ac.il |
| Last update | 2024-03-10T00:00:00.000Z |
| Created | 2016-01-26T00:00:00.000Z |