WeWork, which designs and manages shared work spaces all over the world, has completed a $760 million financing round at a company valuation of $20 billion, according to a Forbes report.
The company issued 13.2 million shares at $57.90 a share. The name of the investor not disclosed.
Since the Israeli Adam Neumann and Miguel McKelvey founded WeWork in 2010, the company’s value has consistently risen. In late 2014 it has raised $355 million at a $5 billion valuation, and in June 2015 it raised$400 million at a $10 billion valuation.
WeWork dividing office space into rooms, and renting it out by the chamber, or even by the desk, for short periods.
The company is active in the US, Argentina, Australia, Brazil, Canada, Germany, China, and other countries. In Israel, it has sites in Tel Aviv in four locations all over the city, in Herzliya and Beer Sheva.
The company also offers its tenants networking events, vacations and summer camps, health insurance at discount prices, and more.
In March Softbank Japanese corporation invested $300 million in WeWork.
