Former WeWork CEO Adam Neumann has raised over $100 million in capital for his proptech startup, Flow, in a round that values that company at about $2.5
Former WeWork CEO Adam Neumann has raised over $100 million in capital for his proptech startup,Flow, in a round that values that company at about $2.5 billion, Bloombergreportedon Thursday.
Citing anonymous sources familiar with the deal, Bloomberg reported that existing backer Andreessen Horowitz (a16z) participated in the financing.
Neumann told Bloomberg that he was “sure” Flow was a company that could go public “one day.”
Flow — a residential real estate company focused on rentals and co-living — raised$350 million from Andreessen Horowitzat a valuation of $1 billion in 2022. The funding raised eyebrows given the problematic history of Neumann’s previous startup, WeWork. Once valued at $47 billion, WeWork filed forbankruptcy protectionin 2023 and was ultimately acquired by Yardi, a real estate group, for $450 million.
TechCrunch has reached out to Andreessen Horowitz and Flow for comment.
