Venture capital firm Fifth Wall produces a bi-weekly newsletter that curates relevant news articles, summarizes recent deals and provides updates on the various portfolio companies in which they’ve invested.

Check out this week’s update, which covers underwater warehouses, flying cars and cable-free elevators.

What we’re reading

Interesting ideas

A selection of relevant financing and M&A activity in our sector

Deal Spotlight

WeWork raises $760 million in a Series G

After talks and multiple rumors about WeWork going public, last week the co-working giant announced it has raised an additional $760 million of new capital in a Series G led by Japan-based SoftBank Group.

This investment comes after a previous $300 million infusion in March of this year. This round originated from SoftBank’s $100 billion technology-focused private equity fund, known as the Vision Fund, and SoftBank indicated an interest of taking as large as a $3 billion position in WeWork, overall.

According to PitchBook, this new round of funding brings the total valuation of the company to over $21 billion, making it one of the largest real estate tech companies in the world. So large, in fact, that it exceeds the market caps of industry-leading real estate firms like Boston Properties ($18.25 billion) and Vornado ($17.7 billion).

The company has recently focused its efforts on building a more “traditionally corporate” structure, bringing in new executives to run both the co-working and co-living aspects of the business.

WeWork manages over 20 million square feet of property and is reportedly on track to reach $1 billion in revenue this year.

The latest from Fifth Wall and our portfolio

Here are some of Fifth Wall’s most recent investor and portfolio updates:

You can learn more about Fifth Wall by visiting its website, and to subscribe to the firm’s newsletter, click here.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We are less than 1 week away from Inman Connect! Get your ticket for $99 before prices go up next week.GET YOUR TICKET×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription