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WeWork acquires $249 million workplace services startup Managed

Jana Simmons by Jana Simmons
August 26, 2023
in Office Services
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WeWork acquires $249 million workplace services startup Managed

In another attempt to increase beyond its workplace leasing commercial enterprise, WeWork announced today that it acquired Managed using Q. This platform allows workplace tenants to rent carrier people, including cleaners, receptionists, or IT guides. Financial terms weren’t disclosed. Managed with the aid of Q became most currently worth $249 million in a financing round in January, according to PitchBook Data. The company had raised $ eighty-five million given that 2014 from GV, Homebrew, and RRE Ventures.

WeWork acquires $249 million workplace services startup Managed 1

In a blog, submit pronounced the information, Managed by using Q Cofounder and CEO Dan Teran expressed his aid and emphasizes that “the selection to enroll in WeWork and forgo an unbiased direction turned into now not taken lightly. The acquisition is another way WeWork is hoping to enlarge beyond leasing workplace space to smaller tenants. Managed using Q works specifically with medium and large-length agencies – a client section WeWork has been hustling to interrupt into. WeWork, most currently valued at $ forty-seven billion, has made several acquisitions over the past year to maintain adding offerings to support its primary clients. In September, WeWork acquired Team, a conferences management platform, using Euclid, a WiFi statistics usage analytics platform in February.

Jana Simmons

Jana Simmons

Web expert. Reader. Travel advocate. Total problem solver. Bacon scholar. Introvert. Food ninja. Writer. Internet trailblazer. Spent 2001-2007 consulting about action figures for fun and profit. Earned praised for my work training karma in Naples, FL. A real dynamo when it comes to managing carp in Fort Lauderdale, FL. Set new standards for supervising the production of basketballs in Miami, FL. Spent the 80's working with human hair in Deltona, FL. Earned praise for importing cabbage with no outside help.

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