WeWork China rival Ucommune raises $43.5M more at a $1.8B valuation

Barely weeks after WeWork China raised $500 million, one of its main rivals is refueling its tanks too. Ucommune — the company formerly known as UrWork until a WeWork lawsuit forced a rebrand — announced its $43.5 million Series C round. Beijing-based Ucommune’s new round was led by real estate-focused investment firms Prosperity Holdings and RK […]

WeWork’s HQ product aims to better accommodate mid-sized companies

WeWork recently announced a new office space solution called “HQ by WeWork” to provide mid-sized companies the privacy, flexibility, customization and cost-efficiency they need without making a long-term brick-and-mortar commitment. According to U.S. Census data, the number of mid-sized companies with 11 to 250 employees account for 1.1 million companies in the country and employ approximately […]

WeWork China raises $500M to triple the number of cities it covers

WeWork’s China business is getting a fresh injection of capital after it raised $500 million. The company entered China two years ago and today it covers Beijing, Shanghai and Chengdu with nearly 40 locations. It claims 20,000 members, and it is also active in Hong Kong, which technically falls under ‘Greater China.’ The new capital […]

India’s answer to WeWork raises $20M

WeWork rivals are in the money this year. India’s biggest rival to the U.S. co-working giant, a Mumbai-headquartered startup called Awfis, announced that it has raised $20 million in new capital for expansion. The news comes just after Hong Kong-based Campfire pulled in $18 million. Awfis raised its new funds, which are a Series C […]

Hong Kong co-working startup Campfire pulls in $18M ahead of global expansion

WeWork may be doubling down on Asia, having initially focused its efforts on China, but that isn’t stopping local players from hatching ambitious expansion plans of their own. One of those eying new markets is Hong Kong-based Campfire, which tries to stand out from the crowd with industry-focused spaces. Today, the startup announced it has […]

Meetup CEO Scott Heiferman moves into chairman role

Scott Heiferman, Meetup CEO and co-founder, is today moving into the chairman role at the community-building startup. Meetup launched in 2003 with a simple goal: to give communities an easy way to meet up in real life. The company has since grown to 40 million members, with 320,000 Meetup groups and around 12,000 Meetups per […]

WeWork’s biggest rival in China is on an acquisition spree

WeWork may have combined forces with its fiercest rival in China, Naked Hub, in a recent merger, but its new enemy numero uno in the country is also building up a roster of friends through aggressive M&A. Ucommune may not be spending the kind of cash WeWork China did — it reportedly spent $400 million to […]

WeWork takes meat off the menu as part of environmental policy drive

WeWork, the co-working startup that’s valued at ~$20 billion and has some 200,000 members across 200 locations globally plus nearly 6,000 staff of its own, will no long allow employees to expense meat. It will also no longer serve meat at company events. The policy shift is intended to reduce the business’ environmental impact. The new […]

Indonesia’s EV Hive raises $20M for its co-working business to rival WeWork

WeWork is setting its sights on Southeast Asia, but that isn’t stopping local rivals from building up there business. In Indonesia, EV Hive — a co-working brand first started by a VC firm — has pulled in $20 million for expansion as its U.S.-based rival increases its focus on Indonesia. The company was founded in […]

Here is where CEOs of heavily funded startups went to school

Joanna Glasner Contributor More posts by this contributor What does it take to be a startup that raises huge sums quickly? Not a minimalist? Startups will gladly store, manage and deliver your items CEOs of funded startups tend to be a well-educated bunch, at least when it comes to university degrees. Yes, it’s true college […]