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WeWork raises additional $3B from SoftBank at a valuation of $42B

11 3 30

SoftBank is the largest investor in WeWork, which is now present in over a 100 locations worldwide, including 20 in India.

Co-working unicorn WeWork has raised $3 billion from SoftBank Corp. This is in addition to the $1 billion it had raised from the Masayoshi Son-owned corporation in August. After the current fund-raise, WeWork would be valued at $42 billion from its current $20 billion, FT estimates.

SoftBank Corp will pay WeWork $1.5 billion in two tranches, starting January 2019. SoftBank is already the largest investor in WeWork. In 2017, its Vision Fund........

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