WeWork announced they have raised another $500 million. With Softbank as one of the investors, the money will fuel WeWork’s expansion in Asia. In an August 06, 2017 press release WeWork also disclosed their acquisition of Singapore-based coworking company Spacemob, including its founder and CEO, Turochas “T” Fuad, and his team.
Miguel McKelvey, Co-Founder and Chief Culture Officer of WeWork, said: “Today’s announcement reaffirms WeWork’s commitment to scaling our business across Asia. We are amazed and humbled by the response to WeWork so far and look forward to continuing to build our vibrant and diverse community in the rapidly evolving region. To be part of WeWork is to be connected to one of the most meaningful business networks in the world and we are excited to invite new members from some of the most creative and innovative cities on the globe. I speak for the entire WeWork team and our 130,000 members when I say I am incredibly excited to have T and the team from Spacemob join us in our mission to create a world where people work to make a life, not just a living.”