WeWork is a provider of a shared workspace community and office services designed to create collaboration between entrepreneurs, freelancers, startups and small businesses. The Company's services include office space with facilities and services like high-speed internet, printers, free refreshments and private phone booths, enabling startups, entrepreneurs and small businesses to collaborate and share experiences.

Type
Private
HQ
New York, US
Founded
2010
Size (employees)
5,524 (est)+9%
Website
wework.com
WeWork was founded in 2010 and is headquartered in New York, US
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Key People/Management at WeWork

Adam Neumann

Adam Neumann

Co-Founder & CEO
Laurent Paris

Laurent Paris

CTO
Joanna Lee

Joanna Lee

VP, Marketing
Ed Granaghan

Ed Granaghan

CAO
John Reid-Dodick

John Reid-Dodick

CPO
Anthony Yazbeck

Anthony Yazbeck

Deputy Managing Director / COO - Europe
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WeWork Office Locations

WeWork has offices in London, Barcelona, Shibuya-ku, Tel Aviv-Yafo and in 46 other locations
New York, US (HQ)
115 W 18th St
Atlanta, US
756 W Peachtree St NW
Atlanta, US
1010 3340 Peachtree Rd NE
Atlanta, US
1175 Peachtree Walk NE
Atlanta, US
Terminus 100 3280 Peachtree Rd NE
Austin, US
11801 Domain Blvd
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WeWork Financials and Metrics

Summary Metrics

Founding Date

2010

WeWork total Funding

$6.9 b

WeWork latest funding size

$4.40 b

Time since last funding

a year ago

WeWork investors

WeWork's latest funding round in August 2017 was reported to be $4.4 b. In total, WeWork has raised $6.9 b. WeWork's latest valuation is reported to be $18.7 b.
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WeWork Revenue

WeWork's revenue was reported to be $886 m in FY, 2017 which is a 103.2% increase from the previous period.
USD

Revenue (Q2, 2018)

422 m

Market valuation

18.7 b

Cash (31-Dec-2017)

2 b

EV

16.8 b
Annual
USDFY, 2016FY, 2017

Revenue

436.1 m886 m

Revenue growth, %

103%

Sales and marketing expense

43.4 m143.4 m

General and administrative expense

115.3 m454 m
Quarterly
USDQ1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

163 m198 m342 m422 m

EBITDA

95 m

EBITDA margin, %

28%
USDFY, 2016FY, 2017

Cash

506.6 m2 b

Accounts Receivable

18 m35.6 m

Current Assets

621.4 m2.4 b

PP&E

1.5 b2.3 b
USDY, 2018

Revenue/Employee

98.1 k
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WeWork Operating Metrics

Y, 2015Y, 2016May, 2017Jul, 2017Sep, 2017Dec, 2017Feb, 2018Mar, 2018Apr, 2018Q2, 2018

Members

40 k80 k175 k200 k220 k268 k

Locations

52 140 155 164 200 230 234 287

Countries

14 15 17 21

Active Cities

44 50 71
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WeWork Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
MissionU (67)May 17, 2018
Naked Hub April 12, 2018$400 m
Conductor March 06, 2018
Meetup (627)November 28, 2017$30 m
Flatiron School (211)October 23, 2017
Unomy August 11, 2017
Spacemob August 06, 2017
FieldLens (25)June 07, 2017
Welkio March 18, 2016
CASE August 05, 2015
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WeWork Revenue Breakdown

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WeWork revenue breakdown by business segment: 5.0% from Service, 92.8% from Membership and 2.2% from Other

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WeWork Online and Social Media Presence

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WeWork News and Updates

Taking Tesla private, WeWork and Uber earnings, and what happened to crypto

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week was a corker. We had Alex Wilhelm in-studio with our guest Minal Hasan, founder of K2 Global, and TechCrunch’s Danny Chriton jumped in from New York to help the …

These days, the way 'WeWork', not where we work is so important

The world over, most major corporations are investing small fortunes in their technology transformat...

These days, the way 'WeWork', not where we work is so important (Chriss Andrews)

The world over, most major corporations are investing small fortunes in their technology transformat...

WeWork China rival Ucommune raises $43.5M more at a $1.8B valuation

Barely weeks after WeWork China raised $500 million, one of its main rivals is refueling its tanks too. Ucommune — the company formerly known as UrWork until a WeWork lawsuit forced a rebrand — announced its $43.5 million Series C round. Beijing-based Ucommune’s new round was led by real estate-focu…

WeWork China Rival Raises $120 Million in Hillhouse-Backed Round

MyDreamPlus raised $120 million in a funding round led by Hillhouse Capital as competition in China’s co-working market heats up.

WeWork Is Burning Through Cash to Grow. Here's Why That's Good for Entrepreneurs

The office leasing company helps freelancers and startups get off the ground, but small businesses can also take advantage of WeWork's services.
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WeWork Company Life and Culture

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