The New York based office space company, WeWork, can't be stopped. The six year old company's most recent raise of $430m on a $16b valuation is the latest in the company's total raise of $1.3b since it started in 2010. The round was led by the Beijing-based private-equity company Hony Capital Ltd. andLegend Holdings,its parent company.
Shared-office-space startup WeWork Cos. has raised about $430 million in a new round of financing led by Chinese investors, making it one of the world’s most valuable startups and clearing the way for a push into Asia. Beijing-based private-equity company Hony Capital Ltd. and Legend Holdings, its parent company, led the round of financing, WeWork company executives said, giving the company a valuation of about $16 billion, up from $10 billion last summer. That would make it the third-most-valuable publicly traded office landlord were it publicly traded, despite controlling a fraction of the square footage of the leading companies in the sector.