American office space-sharing company WeWork has obtained $3 billion in funding from Japanese technology conglomerate SoftBank Group Corp. The new funding comes in addition to the $1 billion raised from SoftBank last quarter, WeWork spokesperson Kumiko Hidaka said Thursday. WeWork, which targets startups, is operating not only in the
American office space-sharing company WeWork has obtained $3 billion in funding from Japanese technology conglomerate SoftBank Group Corp.
The new funding comes in addition to the $1 billion raised from SoftBank last quarter, WeWork spokesperson Kumiko Hidaka said Thursday.
WeWork, which targets startups, is operating not only in the U. S. but also India, China, Peru, Israel and other nations, as well as Japan, where real estate is relatively expensive, allowing WeWork an opportunity to grow.
SoftBank confirmed the investment but referred queries to WeWork.
SoftBank has been scrutinized for the funding it has received from Saudi Arabia. Saudi journalist Jamal Khashoggi, a columnist for The Washington Post, was killed at the Saudi consulate in Turkey last month.
