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SoftBank invested $6bn in WeWork Companies.

Synopsis

WeWork received a $6bn investment from SoftBank. $5bn is in the form of primary growth capital and the remaining $1bn in secondary capital which will be used to fund share purchases from investors and employees. WeWork’s post-money valuation is now $47bn. This investment includes a previously announced $4bn funding commitment from SoftBank in the form of a $1bn convertible note and a $3bn warrant. WeWork and its subsidiaries have now raised more than $10bn in total commitments from SoftBank since 2017. “WeWork is disrupting a multi-trillion-dollar industry with a technology platform that provides a complete solution for space needs. WeWork has already experienced unparalleled growth and we are confident that with Adam’s vision and this growth capital the company will be able to aggressively pursue the enormous market opportunity ahead of them,” Masayoshi Son, SoftBank Group Chairman & CEO. WeWork also announced the launch of The We Company. The We Company will establish WeWork, WeLive, and WeGrow as three distinct business lines that will expand upon WeWork’s existing efforts in these areas: WeWork’s mission is to create a world where people work to make a life, not just a living; WeLive’s mission is to build a world where no one feels alone, and WeGrow’s mission is to unleash every human’s superpowers.

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