WeWork is raising 3 billion from SoftBank and its massive tech fund from Ayman's blog

Masayoshi Son SoftBank

WeWork, the fast-growing office leasing startup, has raised 300 million from Japan`s SoftBank and could rake in a total investment of 3 billion in a massive funding round, reports the Wall Street Journal

The deal could be among the first from SoftBank`s 100 billion technology Vision Fund, which was announced last October and is being described as the largest fund of its kind in the world. 

WeWork has just received an investment of 300 million from SoftBank itself, according to the Wall Street Journal. The company is expected to raise a further 2.7 billion from SoftBank`s Vision Fund. 

Private investors currently value WeWork`s business at 17 billion, and the latest investment round is likely to propel WeWork`s valuation even higher, the WSJ said. 

WeWork declined to comment. SoftBank did not immediately respond to a request for comment.

Back in January, it was reported that SoftBank`s Vision Fund was mulling a 1 billion investment in WeWork. At that time, the Wall Street Journal reported that some SoftBank executives were concerned about investing in a startup with such a rich valuation, especially a real estate startup that some see as far afield from the Vision Fund`s tech focus.

The Vision Fund is made up of contributions from SoftBank itself, Saudi Arabia via the Kingdom’s Public Investment Fund, and other investors from around the world, including Oracle Executive Chairman Larry Ellison and Apple.

SEE ALSO: Apple is on the defensive as it prepares the iPhone for the fight of its life

Join the conversation about this story »

NOW WATCH: A police officer`s dashcam captured incredible footage of a meteor lighting up the sky in Illinois

Previous post     
     Next post
     Blog home

The Wall

No comments
You need to sign in to comment

Like Us On FB

Follow Ayman

Blogger Tricks


MrPc Vip
You can see a lot of amazing things from space. A... more
MrPc 7 minutes ago
MrPc Vip
Malcolm Young, whose crunching guitar provided the... more
MrPc 7 minutes ago
MrPc Vip
ب& #1585;ز ا& #1604;نا... more
MrPc 7 minutes ago
MrPc Vip
و& #1580;هت ع& #1576;ي... more
MrPc 7 minutes ago
Ayman Admin
By 2050, the world`s population is expected to sw... more
Ayman 7 minutes ago
Ayman Admin
How much do critics matter? For many TV shows, it ... more
Ayman 7 minutes ago
Ayman Admin
When Google unveiled its Pixel Buds in October, th... more
Ayman 37 minutes ago
Ayman Admin
Questions are swirling about why Saad Hariri spent... more
Ayman 37 minutes ago
Ayman Admin
PARIS (Reuters) - Saad al-Hariri, who resigned as ... more
Ayman 37 minutes ago


4 members
8 members
9 members
17 members
17 members
25 members
Free website traffic to your site!


Google this