WeWork acquires Managed by Q

Managed by Q, the office management platform based out of New York, has today been acquired by The We Company, formerly known as WeWork. Financial terms were not disclosed. The WSJ reports that it was a cash and stock deal. Managed by Q, which has 500 employees, will remain as a wholly owned separate entity […]

Hometalk raises $15M to grow its DIY community

Hometalk, a DIY community site with just under 10 million monthly users and more than 21 million monthly visits, today announced that it has raised a $15 million growth round led by NFX, with participation from WeWork founder and CEO Adam Neumann and Altair Capital. If you’re not familiar with Hometalk, you can think of […]

Lyft’s IPO, Casper the friendly unicorn and WeWork’s staggering losses

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we had the full gang around, with Connie Loizos in the studio with Kate Clark and our guest Barrett Cohn from Scenic Advisement. Alex was on the line from Providence. Lucky for us, news of Lyft’s […]

WeWork backs New York tech clubhouse Betaworks Studios

Betaworks Studios, the brainchild of New York City seed-stage venture capital fund Betaworks, has amassed the support of WeWork, or The We Company, as they now call themselves. JLL Spark Ventures and the co-working giant have led co-led a $4.4 million investment in the membership-based co-working club described as a supportive community for builders. Launched […]

Proxy raises $13.6M to unlock anything with Bluetooth identity

You know how kings used to have trumpeters heralding their arrival wherever they went? Proxy wants to do that with Bluetooth. The startup lets you instantly unlock office doors and reserve meeting rooms using Bluetooth Low Energy signal. You never even have to pull out your phone or open an app. But Proxy is gearing […]

Unicorns aren’t profitable, and Wall Street doesn’t care

In Silicon Valley, investors don’t expect their portfolio companies to be profitable. “Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies,” a bible for founders, instead calls for heavy spending on growth to scale in an Amazon -like fashion. As for Wall Street, it’s shown an affinity for stock in Jeff Bezos’ business, despite the […]

Hello Alfred launches new platform to reach more buildings and improve accessibility

Hello Alfred — the startup that assigns in-home assistants to take care of your recurring chores and tasks — has announced the launch of a new service tier that will provide more properties and residents with access to the company’s underlying technology. The company, which won the Startup Battlefield competition at our 2014 Disrupt event […]

WeWork Labs is launching a food tech accelerator

WeWork Labs, the co-working giant’s startup program that relaunched just over a year ago, is announcing a new initiative focused on food and agriculture startups — WeWork Food Labs. Roee Adler, the global head of WeWork Labs, told me there will be two main pieces to the Food Labs program. First, there will be the […]

Talent Garden raises €44M to expand in cities ignored by the WeWork-style spaces

Finding myself talking at a startup conference in Kosovo three years ago (as one does), I realized how close I was to Albania, a place which held some fascination for me. I managed to grab a lift with a friendly techie to Tirana, where they arranged for me to speak to the local tech community. […]

WeWork confirms it has laid off 300 employees

Co-working juggernaut WeWork (now known as the We Company) has laid off 3 percent of its global workforce, or roughly 300 employees, the company told TechCrunch. The heavily funded business, most recently valued at a whopping $47 billion, employs 10,000 people around the world. Headquartered in New York, the layoffs were performance-related, part of the […]