WeWork just raised another $4.4 billion from SoftBank

WeWork has raised $4.4 billion in funding from SoftBank Group and SoftBank Vision Fund. 

The funding includes a $3 billion investment in WeWork itself, and an additional $1.4 billion in three new WeWork subsidiaries — WeWork China, WeWork Japan, and WeWork Pacific. 

As a result of the new funding, WeWork is adding two new members to its board: Ronald D. Fisher, director of SoftBank Group; and Mark Schwartz, external director of SoftBank Group.

Earlier this year, the Wall Street Journal reported that WeWork raised $300 million from SoftBank.

SoftBank's investment represents one of the first made by its new $100 billion tech-focused Vision Fund, which was announced last October and is being described as the largest fund of its kind in the world.

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Contributer : Tech Insider http://ift.tt/2wrINYD

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