WeWork funding path
| Funding round | Date | Amount raised | Issue PPS (coupon) | Valuation (premoney) | Selected investors |
|---|---|---|---|---|---|
| Angel | 05/2011 | n/a | n/a | ||
| Seed | 10/2011 – 01/2012 | $7.9m (Pt 1: $1m, Pt 2: $6.9m) | n/a | n/a | |
| Series A | 07/2012 | $17.4m | $0.46 | n/a | |
| Series B | 05/2013 | $41.0m | $1.85 | $396m | n/a |
| Series C | 02/2014 | $154.7m | $5.36 | $1,350m | Benchmark Capital, Harvard Management Co., Aleph, JP Morgan |
| Series D | 12/2014 | $354.5m ($198.5m in D-1, $156m in D-2) | $16.65 | $4,645m | Harvard Management Co., Benchmark Capital, T. Rowe Price, Wellington, Hartford, John Hancock, Vanguard, Goldman Sachs, JP Morgan |
| Series E | 06/2015 | $433.5m | $32.89 | $9,600m | Glade Brook Capital Partners, Benchmark Capital, T. Rowe Price, Fidelity, Wellington, Goldman Sachs, JP Morgan |
| Series F and F-Prime | 03/2016 – 12/2016 | $675.9m | $50.19 | $16,300m | Shanghai Jin Jiang International Hotels, Hony Capital, Legend Holdings, Softbank, Fidelity |
| Series G | 03/2017 – 07/2017 | $1,730m | $57.90 | $19,200m | n/a |
| Private Equity/Debt Round | 08/2017 | $4,400m | n/a | $19,200m | Temasek Holdings, Softbank, Hony Capital, Greenland Hong-Kong Holdings, China Oceanwide |
| Corporate Bond | 04/2018 | $702m | 7.785% | n/a | n/a |
| Convertible Bond | 08/2018 | $1,000m | 2.8% | n/a | Softbank |
| Private Equity/Debt Round (Warrant) | 11/2018 | $3,000m | n/a | $42,000m | Softbank |
| Series G-1 | 01/2019 | $1,000m (plus $1bn for secondary shares at $20bn valuation) | $110 | $47,000m | Softbank |
| Funding round | Date | Amount raised | Issue PPS (coupon) | Valuation (premoney) | Selected investors |
|---|---|---|---|---|---|
| Angel | 05/2011 | n/a | n/a | ||
| Seed | 10/2011 – 01/2012 | $7.9m | n/a | n/a | |
| Series A | 07/2012 | $17.4m | $0.46 | n/a | |
| Series B | 05/2013 | $41.0m | $1.85 | $396m | n/a |
| Series C | 02/2014 | $154.7m | $5.36 | $1,350m | Benchmark Capital, Harvard Management Co., Aleph, JP Morgan |
| Series D | 12/2014 | $354.5m ($198.5m in | $16.65 | $4,645m | Harvard Management Co., Benchmark Capital, T. Rowe Price, Wellington, Hartford, John Hancock, Vanguard, Goldman Sachs, JP Morgan |
| Series E | 06/2015 | $433.5m | $32.89 | $9,600m | Glade Brook Capital Partners, Benchmark Capital, T. Rowe Price, Fidelity, Wellington, Goldman Sachs, JP Morgan |
| Series F and F-Prime | 03/2016 – 12/2016 | $675.9m | $50.19 | $16,300m | Shanghai Jin Jiang International Hotels, Hony Capital, Legend Holdings, Softbank, Fidelity |
| Series G | 03/2017 – 07/2017 | $1,730m | $57.90 | $19,200m | n/a |
| Private Equity/Debt Round | 08/2017 | $4,400m | n/a | $19,200m | Temasek Holdings, Softbank, Hony Capital, Greenland Hong-Kong Holdings, China Oceanwide |
| Corporate Bond | 04/2018 | $702m | 7.785% | n/a | n/a |
| Convertible Bond | 08/2018 | $1,000m | 2.8% | n/a | Softbank |
| Private Equity/Debt Round (Warrant) | 11/2018 | $3,000m | n/a | $42,000m | Softbank |
| Series G-1 | 01/2019 | $1,000m | $110 | $47,000m | Softbank |
Notes:
The table shows the funding rounds of WeWork (legal name “The We Company, Inc.”). We report date, amount raised, price per share (PPS), resp. bond coupon rates and premoney valuation of each round, along with the names of selected investors in each round
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