Timeline of WeWork

From Timelines
Revision as of 22:53, 15 November 2017 by Sebastian (talk | contribs) (What the timeline is still missing)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

This is a timeline of WeWork, an American company which provides shared workspace, community, and services for entrepreneurs, freelancers, startups and small businesses.

Big picture

Time period Development summary
2008 – 2010 GreenDesk, the earliest version of WeWork, is established as a coworking business.
2010 onwards GreenDesk is sold and WeWork opens to entrepreneurs with a first location in New York City. At least thirteen funding rounds would be announced by the startup, rainsing a cumulative US$ 9.8 billion.
2014 (October) onwards WeWork goes international after opening a location in London. As of November 2017, WeWork has locations in 20 countries outside the United States.

Visual Data

Funding Rounds for WeWork, in US$.
WeWork expansion as of October 2017.

Full timeline

Year Month and date Event type Details
2001 Prelude Future WeWork CEO and cofounder Israeli–born Adam Neumann moves to the United States after serving as a navy officer in the Israeli military.[1]
2008 May Prelude Adam Neumann owns a baby clothing company, working in the same building in Brooklyn as his future cofounder, Miguel McKelvey, a lead architect at a small firm. The partially vacant building would lead to Neumann and McKelvey team up and establish GreenDesk, an "eco-friendly coworking space", aimed at entrepreneurs. GreenDesk, the earliest version of WeWork, focuses at offering a sustainable coworking space, complete with sustainable office furniture.[2][3]
2010 Creation Neumann and McKelvey sell Green Desk and WeWork opens its doors to entrepreneurs at its first location in [{w:SoHo, Manhattan|SoHo]].[3]
2011 April WeWork Labs is launched. This would function as a startup incubator within WeWork’s network. WeWork Labs provides an open workspace with the goal of encouraging collaboration between entrepreneurial members.[3]
2011 October 25 Funding WeWork receives US$1,000,000 investment in Seed Round.[4]
2012 January 30 Funding WeWork receives $6,850,000 investment in Seed Round.[4]
2012 January 30 Expansion WeWork opens its first space in Los Angeles.[3]
2012 February WeWork Labs relocates at 175 Varick Street, SoHo.[3]
2012 May Expansion WeWork has already four offices in New York and one in Los Angeles. A first space in San Francisco is announced, and would hold approximately 100 entrepreneurs, designers and developers.[3]
2012 July 1 Funding WeWork receives $17,000,000 investment in Series A funding round.[4][3]
2013 May 1 Funding WeWork receives $40,000,000 investment in Series B funding round.[4][3]
2013 October 20 Funding WeWork receives $150,000,000 Series C funding round.[4]
2014 February Expansion WeWork launches two coworking locations in Washington D.C. and one more location in Seattle.
2014 October Expansion (international) WeWork opens its first international location in London’s South Bank.[3]
2014 December 15 Funding WeWork receives US$355,000,000 in Series D funding round. T. Rowe Price, Goldman Sachs. 6 investors.[4][5][6][7]
2015 May Partnership WeWork partners with Chase with the purpose to offer WeWork members discounted rates and premium customer service with Chase Paymentech, whose payment platforms support businesses of all sizes to process payments, including credit, debit, and digital, alternative, mobile payment options.[8][9][10]
2015 June 1 Team WeWork announces Time Warner Cable Chief financial officer Artie Minson Artie Minson as President and Chief Operating Officer.[11][12][13]
2015 June 25 Funding WeWork receives US$433,934,331 in Series E funding round. Glade Brook Capital Partners. 4 investors.[4]
2015 July Partnership WeWork partners with New York real estate developers, Boston Properties and Rudin Management, to build the WeWork’s first ground-up project at the Brooklyn Navy Yard.[3]
2015 August 5 Acquisition WeWork acquires New York–based CASE, a building information and technology consultancy firm.[14][15][16][17]
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.[18][19][20][21]
2015 December Expansion WeWork has 54 coworking spaces in New York City, Boston, Philadelphia, Washington DC, Miami, Chicago, Austin, Berkeley, San Francisco, Los Angeles, Portland, and Seattle. International locations include London and Amsterdam, along with new locations in Tel Aviv and Herzliya in Israel.[3]
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.[22][23][24][25]
2016 March 18 Acquisition WeWork acquires Welkio, a digital sign-in system for guests at an office.[26][27][28][29]
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.[30][31][32][33]
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$690 million funding round started in March 2016.[34][35][36][37]
2017 February 26 Funding Japanese telecommunications company Softbank invests US$ 3 billion in WeWork Private Equity Round and Secondary Market investment round.[4]
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.[38][39][40][41]
2017 June 1 Investment WeWork invests in Brave Initiatives, a non-profit organization that provides programs for high school girls.[42]
2017 June 7 Acquisition WeWork acquires Fieldlens –a mobile communication system for the construction industry, in order to help manage construction operations.[43][44][45][46][47]
2017 June 13 Investment WeWork invests in Victor Tech inc., a Chicago-based company that developed an app to connect former soldiers to a mental health program, job services and other veterans groups and meetups.[42][48]
2017 July 5 Expansion (international) WeWork enters India, opening a 2,200-seater community workspace in Bangalore.[49][50][51][52]
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.[4][53][54][55]
2017 July Expansion (international) WeWork announces debut in Japan with 10 to 20 Tokyo workspaces.[56][57][58][59]
2017 July 14 Expansion (international) WeWork opens space in São Paulo, its first in Brazil.[60]
2017 August 6 Acquisition WeWork acquires Singapore-based counterpart Spacemob, with the purpose ox expanding in South East Asia.[61][62][63][64][65]
2017 August 11 Acquisition WeWork acquires Tel Aviv based company Unomy, in order to help its team sell enterprise clients on the idea of opening offices in its workspaces around the world.[66][67][68][69][70]
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.[71][72][73][74]
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.[75][76][77][78]
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.[79][80][81][82]
2017 October 17 Partnership WeWork announces partnership with real estate firm, Embassy, with the purpose of expanding the co-working brand into India.[83][84]
2017 October Service WeWork opens first permanent gym, in Manhattan.[85][86][87][88]
2017 November 5 Service WeWork opens kindergarten in New York with aims at teaching entrepreneurship. The students, all between five and eight years old, have already taken classes on sales techniques, brand-building, and supply and demand.[89][90][91][92]

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


  1. Kosoff, Maya. "How WeWork became the most valuable startup in New York City". businessinsider.com. Retrieved 21 October 2017. 
  2. Sheftell, Jason. "WeWork gives alternative to working at home with swanky buildings across NYC". Daily News. Retrieved 17 October 2017. 
  3. 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 Majewski, Taylor. "A history of WeWork, the multi-billion dollar company taking over NYC". builtinnyc.com. Retrieved 21 October 2017. 
  4. 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 "Funding Rounds". crunchbase.com. Retrieved 20 October 2017. 
  5. "WeWork lève 355 millions de dollars pour devenir le Uber des bureaux". frenchweb.fr. Retrieved 21 October 2017. 
  6. Sophy, Joshua. "WeWork Coworking Space Raises $355 Million". smallbiztrends.com. Retrieved 21 October 2017. 
  7. "Wework raised $355,000,000 on December 16th, 2014.". whogotfunded.com. Retrieved 21 October 2017. 
  8. Crook, Jordan. "WeWork Partners With Chase To Offer Discounted Commerce Services To Members". techcrunch.com. Retrieved 20 October 2017. 
  9. "WeWork Links With Chase To Offer Discounts Via Paymentech". pymnts.com. Retrieved 20 October 2017. 
  10. "WeWork Partners With Chase". nocamels.com. Retrieved 20 October 2017. 
  11. "WeWork Announces Artie Minson as President and Chief Operating Officer". marketwatch.com. Retrieved 20 October 2017. 
  12. "WeWork Announces Artie Minson as President and Chief Operating Officer". prnewswire.com. Retrieved 20 October 2017. 
  13. Hal Schwartz, Eric. "WeWork Hires Time Warner Cable Exec as New President". americaninno.com. Retrieved 20 October 2017. 
  14. Crook, Jordan. "WeWork's First Acquisition Is Building Information Modeling Firm Case". techcrunch.com. Retrieved 21 October 2017. 
  15. Lau, Wanda. "WeWork Acquires Case Inc.". architectmagazine.com. Retrieved 21 October 2017. 
  16. Stott, Rory. "As WeWork Acquires CASE, the Future of Office Design May Start Today". archdaily.com. Retrieved 21 October 2017. 
  17. Ingalls, Julia. "The design never stops: WeWork acquires Case". archinect.com. Retrieved 21 October 2017. 
  18. "WeWork to Hire Union Cleaners after Pressure from Labor Organizers". seiu32bj.org. Retrieved 20 October 2017. 
  19. "Leading union files complaint against WeWork over cleaners who lost jobs". theguardian.com. Retrieved 20 October 2017. 
  20. Lewis, Cora. "WeWork Goes Union, After Clash With Cleaners". buzzfeed.com. Retrieved 20 October 2017. 
  21. GELLES, DAVID. "At WeWork, an Idealistic Start-Up Clashes With Its Cleaners". nytimes.com. Retrieved 20 October 2017. 
  22. "WeWork to raise $430 million for expansion in Asia". crainsnewyork.com. Retrieved 20 October 2017. 
  23. Cadell, Cate. "WeWork Seals $430 Million To Feed Asia Expansion". technode.com. Retrieved 20 October 2017. 
  24. Revilla, Juan Miguel. "WeWork recauda 430 millones de dólares". itespresso.es. Retrieved 20 October 2017. 
  25. "WeWork Valuation Hits $16B". bisnow.com. Retrieved 20 October 2017. 
  26. Crook, Jordan. "WeWork's second acquisition is Welkio, a digital sign-in system for offices". techcrunch.com. Retrieved 19 October 2017. 
  27. "Welkio Is Joining the WeWork Family". wework.com. Retrieved 19 October 2017. 
  28. Kerr, Ronny. "WeWork buys Welkio to streamline office sign-in". vator.tv. Retrieved 19 October 2017. 
  29. "Welkio acquired by WeWork". crunchbase.com. Retrieved 19 October 2017. 
  30. Winston, Anna. "Co-working company WeWork unveils its first co-living apartments in New York". dezeen.com. Retrieved 19 October 2017. 
  31. 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. 
  32. Fitzpatrick, Alex. "Inside the NYC Building That Offers Nirvana for Millennials". time.com. Retrieved 19 October 2017. 
  33. Konrad, Alex. "Inside WeWork's Amenities Rich, Community Obsessed Co-Living Experiment Called WeLive". forbes.com. Retrieved 19 October 2017. 
  34. Hollis, Cheyenne. "Strange Bedfellows? Shanghai's Jin Jiang Hotels Leads $260M WeWork Investment". mingtiandi.com. Retrieved 20 October 2017. 
  35. "WeWork raises another $260M, now valued at $16.9B". therealdeal.com. Retrieved 20 October 2017. 
  36. Farrell, Maureen. "WeWork Raises $260 Million, Capping Off $690 Million Funding Round". wsj.com. Retrieved 20 October 2017. 
  37. Dolan-Del Vecchio, Erik. "WeWork's Latest Round Of Funding Pushes Valuation To $16.9B". bisnow.com. 
  38. Fadilpašić, Sead. "WeWork launches store for services and software". betanews.com. Retrieved 20 October 2017. 
  39. Crook, Jordan. "WeWork's office takeover continues with the launch of the Services Store". techcrunch.com. Retrieved 20 October 2017. 
  40. Gura, Ron. "WeWork Services Store — A New Hub for Software Services". wework.com. Retrieved 20 October 2017. 
  41. "Zendesk and WeWork partner to help growing businesses create better customer relationships". zendesk.com. Retrieved 20 October 2017. 
  42. 42.0 42.1 "WeWork". crunchbase.com. Retrieved 15 November 2017. 
  43. Loizos, Connie. "WeWork has acquired venture-backed Fieldlens". techcrunch.com. Retrieved 21 October 2017. 
  44. "WeWork Kicks Off Deal Spree With Fieldlens Acquisition". wsj.com. Retrieved 21 October 2017. 
  45. Goldberg, Charlie. "The real story behind WeWork's acquisition of FieldLens". builtworlds.com. Retrieved 21 October 2017. 
  46. "WeWork buys FieldLens to help manage construction operations". constructiondive.com. Retrieved 21 October 2017. 
  47. "FieldLens acquired by WeWork". extranetevolution.com. Retrieved 21 October 2017. 
  48. "Veterans Get Help From Local Organizations". patch.com. Retrieved 15 November 2017. 
  49. Dhamija, Anshul. "India is probably the biggest market for us: WeWork's Miguel McKelvey". forbesindia.com. Retrieved 25 October 2017. 
  50. "WeWork Enters India, Launches 2,200 Member Capacity Coworking Space In Bengaluru". inc42.com. Retrieved 25 October 2017. 
  51. "WeWork to add co-working space equivalent to 100 football fields in India". moneycontrol.com. Retrieved 25 October 2017. 
  52. Paul, Binu. [World’s biggest co-working startup WeWork enters India with mega facility "World's biggest co-working startup WeWork enters India with mega facility"] Check |url= value (help). vccircle.com. Retrieved 25 October 2017. 
  53. Bertoni, Steven. "WeWork Hits $20 Billion Valuation In New Funding Round". forbes.com. Retrieved 20 October 2017. 
  54. Noto, Anthony. "WeWork's new funding round puts company's valuation at $20 billion". bizjournals.com. Retrieved 20 October 2017. 
  55. Balakrishnan, Anita. "Office-sharing start-up WeWork gets $760 million in new cash". cnbc.com. Retrieved 20 October 2017. 
  56. "WeWork reportedly to debut in Japan with 10 to 20 Tokyo workspaces". japantimes.co.jp. Retrieved 25 October 2017. 
  57. Alpeyev, Pavel; Kuwako, Katsuyo. "WeWork to Debut in Japan With Three Central Tokyo Locations". bloomberg.com. Retrieved 25 October 2017. 
  58. Chu, Kathleen. "WeWork Is Said to Debut in Japan With 10 to 20 Tokyo Workspaces". bloombergquint.com. Retrieved 25 October 2017. 
  59. "WeWork Japan set to debut in February with three central Tokyo locations". japantimes.co.jp. Retrieved 25 October 2017. 
  60. "WeWork, the Biggest Coworking in the World, arrives in Brazil". latreview.com. Retrieved 21 October 2017. 
  61. Tegos, Michael. "Co-working unicorn WeWork acquires local counterpart Spacemob to expand to Southeast Asia". techinasia.com. Retrieved 15 November 2017. 
  62. "WeWork acquires Spacemob in part of US$500M investment in Southeast Asia and South Korea". e27.co. Retrieved 15 November 2017. 
  63. Loizos, Connie. "In its push to compete in Southeast Asia, WeWork is pouring a (brand-new!) $500 million into the region". techcrunch.com. Retrieved 15 November 2017. 
  64. "WeWork Announces $500 Million Investment For New Entity Focused on Growth and Expansion in Southeast Asia and Korea". businesswire.com. Retrieved 15 November 2017. 
  65. Lee, Yoolim; Ramli, David. "WeWork to Pump $500 Million Into Southeast Asia, South Korea". bloomberg.com. Retrieved 15 November 2017. 
  66. Lawler, Ryan. "WeWork acquires Israeli startup Unomy to boost its enterprise sales efforts". techcrunch.com. Retrieved 21 October 2017. 
  67. "Unomy acquired by WeWork". crunchbase.com. Retrieved 21 October 2017. 
  68. "WeWork buys Israeli startup Unomy". globes.co.il. Retrieved 21 October 2017. 
  69. Deutscher, Maria. "WeWork acquires sales startup Unomy to boost enterprise push". siliconangle.com. Retrieved 21 October 2017. 
  70. Noto, Anthony. "WeWork continues buying spree". bizjournals.com. Retrieved 21 October 2017. 
  71. Nelson, Tim. "WeWork Set to Expand With $4.4 Billion in Funding from Japanese Telecom Giant". architecturaldigest.com. Retrieved 19 October 2017. 
  72. Xie, Jenny. "WeWork gets whopping $4.4B investment for expansion". curbed.com. Retrieved 19 October 2017. 
  73. "WeWork Gets a $4.4 Billion Investment from SoftBank". techcrunch.com. Retrieved 19 October 2017. 
  74. Beamonte, Paloma. "SoftBank invierte 4.4 mil millones de dólares en WeWork". hipertextual.com. Retrieved 19 October 2017. 
  75. Crook, Jordan. "WeWork files complaint against UrWork for trademark infringement, unfair competition". techcrunch.com. Retrieved 17 October 2017. 
  76. "WeWork files complaint against UrWork for trademark infringement, unfair competition". zedonology.com. Retrieved 17 October 2017. 
  77. "WeWork files complaint against UrWork for trademark infringement, unfair competition". 3neel.com. Retrieved 17 October 2017. 
  78. Hutsell, Milford. "WeWork files complaint against UrWork for trademark infringement, unfair competition". milfordhutsell.com. Retrieved 17 October 2017. 
  79. Moon, Mariella. "Airbnb and WeWork team up to find desks for business travelers". engadget.com. Retrieved 19 October 2017. 
  80. Huddleston, Tom. "Airbnb Aims for Business Travelers with its New WeWork Partnership". fortune.com. Retrieved 19 October 2017. 
  81. Singleton, Micah. "Airbnb will offer business travelers spots at WeWork locations". theverge.com. Retrieved 19 October 2017. 
  82. Zaleski, Olivia. "Airbnb Teams Up With WeWork to Lure Business Travelers". bloomberg.com. Retrieved 19 October 2017. 
  83. Bertoni, Steven. "WeWork Expands Co-working Empire To India". forbes.com. Retrieved 25 October 2017. 
  84. Dhamija, Anshul. "India is probably the biggest market for us: WeWork's Miguel McKelvey". forbesindia.com. Retrieved 25 October 2017. 
  85. Gibson, Eleanor. "WeWork ventures into health and fitness with first gym in New York". dezeen.com. Retrieved 19 October 2017. 
  86. "First Offices, Then Apartments, Now Gyms? WeWork Launches New Wellness Concept". forbes.com. Retrieved 19 October 2017. 
  87. "WeWork joins the gym business". therealdeal.com. Retrieved 19 October 2017. 
  88. Eldredge, Barbara. "WeWork's first gym is pretty fancy". curbed.com. Retrieved 19 October 2017. 
  89. "WeWork is starting an elementary school to turn kindergarteners into tech founders". mashable.com. Retrieved 8 November 2017. 
  90. Lidsky, David. "WeWork Founder Hopes Her New School Will Help 5-Year-Olds Pursue Their Life's Purpose". fastcompany.com. Retrieved 8 November 2017. 
  91. Brown, Jennings. "WeWork Wants to Teach Kindergartners to Disrupt Shit Up". gizmodo.com. Retrieved 8 November 2017. 
  92. "WeWork is giving kindergarteners business classes". mashable.com. Retrieved 8 November 2017.