WeWork Raises $400 million Funding To Buy its Office Buildings
WeWork, a firm that delivers co-working and office space to small businesses and big corporations as well, is reported to have received a funding of $400 million. However, this funding round is different from previous funding rounds. It will come as an investment in the form of a small group of collective investments schemes with particular focus on real estate. It is the prolongation of a successful partnership between WeWork and a large private equity firm seeking to acquire real estates for WeWork’s business purpose.
According to SEC filings, WeWork raised four new funds in association with Rhone Group, a private equity firm owning offices in New York, London and Paris. The funds raised include a first round of $25 million in new cash, a Fund A round of $201 million, a Fund B round o...