Timeline of WeWork
From Timelines
This is a timeline of WeWork, an American company which provides shared workspace, community, and services for entrepreneurs, freelancers, startups and small businesses.
Contents
Big picture
Time period | Development summary | More details |
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Full timeline
Year | Month and date | Event type | Details |
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2008 | May | Adam Neumann and Miguel McKelvey establish GreenDesk, an "eco-friendly coworking space" in Brooklyn.[1] | |
2011 | October 25 | Funding | $1,000,000 Seed Round [2] |
2012 | January 30 | Funding | $6,850,000 Seed Round[2] |
2012 | July 1 | Funding | $17,000,000 Series A[2] |
2013 | May 1 | Funding | $40,000,000 Resies B[2] |
2013 | October 20 | Funding | $150,000,000 Series C[2] |
2014 | December 15 | Funding | Series D $355,000,000 T. Rowe Price, Goldman Sachs. 6 investors.[2] |
2015 | June 1 | Team | WeWork announces Time Warner Cable Chief financial officer Artie Minson Artie Minson as President and Chief Operating Officer.[3][4][5] |
2015 | June 25 | Series E $433,934,331 Glade Brook Capital Partners. 4 in vestors.[2] | |
2015 | October | Legal | WeWork announces it would hire Union cleaners due to pressure from labor organizers after settling a two-month dispute with its janitorial staff and the Service Employees International Union. Previously, WeWork had fired more than 90% of its contracted cleaners in New York city, following a lengthy dispute over pay and working conditions.[6][7][8][9] |
2016 | March 9 | Funding | Chinese firms Legend Holdings and Hony Capital invest US$430 million in WeWork Series F funding round, putting the company’s new valuation at US$16 billion. Both firms would facilitate WeWork’s access to the Chinese market.[10][11][12][13] |
2016 | March 18 | Acquisition | WeWork acquires Welkio, a digital sign-in system for guests at an office. |
2016 | April 4 | Service | WeWork launches WeLive in New York city, a service under termed co–living concept – analogous to coworking, by renting out shared living spaces.[18][19][20][21] |
2016 | October 12 | Funding | Shanghai Jin Jiang International Hotels, one of China’s largest hotel companies, puts up US$260 million towards WeWork’s Series F round of financing, bringing its total venture capital to $1.7 billion and valuing WeWork at US$16.9 billion. The investment completes a US$690 million funding round started in March 2016.[22][23][24][25] |
2017 | February 26 | Funding | Japanese telecommunications company Softbank invests US$ 3 billion in WeWork Private Equity Round and Secondary Market investment round.[2] |
2017 | April 25 | Service | WeWork partners with global customer service software company Zendesk and launches WeWork Service Store, a software-only platform that aggregates business software and services for members.[26][27][28][29] |
2017 | July 10 | Funding | WeWork raises US$760 million in a new Series G funding round, putting the coworking company's valuation at US$20 billion according to sources close to the deal.[2][30][31][32] |
2017 | August 25 | Funding | Japanese telecommunications company Softbank announces a US$4.4 billion investment in WeWork, with US$3.3 billion to buy WeWork shares, and the rest towards fueling the company’s expansion in Asia.[33][34][35][36] |
2017 | September 12 | Legal | WeWork files a complaint with New York’s Southern District Court, alleging that China-based UrWork is guilty of trademark infringement, under the argument is that UrWork is a name that is far too similar to WeWork given that both companies operate in the coworking industry.[37][38][39][40] |
2017 | October | Partnership | Wework partners with Airbnb with aims at allowing business travelers using Airbnb for housing to also use WeWork to book a desk, conference room, or other office amenities nearby.[41][42][43][44] |
2017 | October | Service | WeWork opens first permanent gym, in Manhattan.[45][46][47][48] |
Meta information on the timeline
How the timeline was built
The initial version of the timeline was written by User:Sebastian.
Funding information for this timeline is available.
What the timeline is still missing
Timeline update strategy
See also
External links
References
- ↑ Sheftell, Jason. "WeWork gives alternative to working at home with swanky buildings across NYC". Daily News. Retrieved 17 October 2017.
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 "Funding Rounds". crunchbase.com. Retrieved 20 October 2017.
- ↑ "WeWork Announces Artie Minson as President and Chief Operating Officer". marketwatch.com. Retrieved 20 October 2017.
- ↑ "WeWork Announces Artie Minson as President and Chief Operating Officer". prnewswire.com. Retrieved 20 October 2017.
- ↑ Hal Schwartz, Eric. "WeWork Hires Time Warner Cable Exec as New President". americaninno.com. Retrieved 20 October 2017.
- ↑ "WeWork to Hire Union Cleaners after Pressure from Labor Organizers". seiu32bj.org. Retrieved 20 October 2017.
- ↑ "Leading union files complaint against WeWork over cleaners who lost jobs". theguardian.com. Retrieved 20 October 2017.
- ↑ Lewis, Cora. "WeWork Goes Union, After Clash With Cleaners". buzzfeed.com. Retrieved 20 October 2017.
- ↑ GELLES, DAVID. "At WeWork, an Idealistic Start-Up Clashes With Its Cleaners". nytimes.com. Retrieved 20 October 2017.
- ↑ "WeWork to raise $430 million for expansion in Asia". crainsnewyork.com. Retrieved 20 October 2017.
- ↑ Cadell, Cate. "WeWork Seals $430 Million To Feed Asia Expansion". technode.com. Retrieved 20 October 2017.
- ↑ Revilla, Juan Miguel. "WeWork recauda 430 millones de dólares". itespresso.es. Retrieved 20 October 2017.
- ↑ "WeWork Valuation Hits $16B". bisnow.com. Retrieved 20 October 2017.
- ↑ Crook, Jordan. "WeWork's second acquisition is Welkio, a digital sign-in system for offices". techcrunch.com. Retrieved 19 October 2017.
- ↑ "Welkio Is Joining the WeWork Family". wework.com. Retrieved 19 October 2017.
- ↑ Kerr, Ronny. "WeWork buys Welkio to streamline office sign-in". vator.tv. Retrieved 19 October 2017.
- ↑ "Welkio acquired by WeWork". crunchbase.com. Retrieved 19 October 2017.
- ↑ Winston, Anna. "Co-working company WeWork unveils its first co-living apartments in New York". dezeen.com. Retrieved 19 October 2017.
- ↑ Carson, Biz. "WeWork's apartments of the future are officially open, starting at $1,375 a month for a Murphy bed". businessinsider.com. Retrieved 19 October 2017.
- ↑ Fitzpatrick, Alex. "Inside the NYC Building That Offers Nirvana for Millennials". time.com. Retrieved 19 October 2017.
- ↑ Konrad, Alex. "Inside WeWork's Amenities Rich, Community Obsessed Co-Living Experiment Called WeLive". forbes.com. Retrieved 19 October 2017.
- ↑ Hollis, Cheyenne. "Strange Bedfellows? Shanghai's Jin Jiang Hotels Leads $260M WeWork Investment". mingtiandi.com. Retrieved 20 October 2017.
- ↑ "WeWork raises another $260M, now valued at $16.9B". therealdeal.com. Retrieved 20 October 2017.
- ↑ Farrell, Maureen. "WeWork Raises $260 Million, Capping Off $690 Million Funding Round". wsj.com. Retrieved 20 October 2017.
- ↑ Dolan-Del Vecchio, Erik. "WeWork's Latest Round Of Funding Pushes Valuation To $16.9B". bisnow.com.
- ↑ Fadilpašić, Sead. "WeWork launches store for services and software". betanews.com. Retrieved 20 October 2017.
- ↑ Crook, Jordan. "WeWork's office takeover continues with the launch of the Services Store". techcrunch.com. Retrieved 20 October 2017.
- ↑ Gura, Ron. "WeWork Services Store — A New Hub for Software Services". wework.com. Retrieved 20 October 2017.
- ↑ "Zendesk and WeWork partner to help growing businesses create better customer relationships". zendesk.com. Retrieved 20 October 2017.
- ↑ Bertoni, Steven. "WeWork Hits $20 Billion Valuation In New Funding Round". forbes.com. Retrieved 20 October 2017.
- ↑ Noto, Anthony. "WeWork's new funding round puts company's valuation at $20 billion". bizjournals.com. Retrieved 20 October 2017.
- ↑ Balakrishnan, Anita. "Office-sharing start-up WeWork gets $760 million in new cash". cnbc.com. Retrieved 20 October 2017.
- ↑ Nelson, Tim. "WeWork Set to Expand With $4.4 Billion in Funding from Japanese Telecom Giant". architecturaldigest.com. Retrieved 19 October 2017.
- ↑ Xie, Jenny. "WeWork gets whopping $4.4B investment for expansion". curbed.com. Retrieved 19 October 2017.
- ↑ "WeWork Gets a $4.4 Billion Investment from SoftBank". techcrunch.com. Retrieved 19 October 2017.
- ↑ Beamonte, Paloma. "SoftBank invierte 4.4 mil millones de dólares en WeWork". hipertextual.com. Retrieved 19 October 2017.
- ↑ Crook, Jordan. "WeWork files complaint against UrWork for trademark infringement, unfair competition". techcrunch.com. Retrieved 17 October 2017.
- ↑ "WeWork files complaint against UrWork for trademark infringement, unfair competition". zedonology.com. Retrieved 17 October 2017.
- ↑ "WeWork files complaint against UrWork for trademark infringement, unfair competition". 3neel.com. Retrieved 17 October 2017.
- ↑ Hutsell, Milford. "WeWork files complaint against UrWork for trademark infringement, unfair competition". milfordhutsell.com. Retrieved 17 October 2017.
- ↑ Moon, Mariella. "Airbnb and WeWork team up to find desks for business travelers". engadget.com. Retrieved 19 October 2017.
- ↑ Huddleston, Tom. "Airbnb Aims for Business Travelers with its New WeWork Partnership". fortune.com. Retrieved 19 October 2017.
- ↑ Singleton, Micah. "Airbnb will offer business travelers spots at WeWork locations". theverge.com. Retrieved 19 October 2017.
- ↑ Zaleski, Olivia. "Airbnb Teams Up With WeWork to Lure Business Travelers". bloomberg.com. Retrieved 19 October 2017.
- ↑ Gibson, Eleanor. "WeWork ventures into health and fitness with first gym in New York". dezeen.com. Retrieved 19 October 2017.
- ↑ "First Offices, Then Apartments, Now Gyms? WeWork Launches New Wellness Concept". forbes.com. Retrieved 19 October 2017.
- ↑ "WeWork joins the gym business". therealdeal.com. Retrieved 19 October 2017.
- ↑ Eldredge, Barbara. "WeWork's first gym is pretty fancy". curbed.com. Retrieved 19 October 2017.