Adam Neumann's Flow Raises $100M+, Valuation Now $2.5B

Adam Neumann's Flow Secures $100M+ in Funding, Valuation Soars to $2.5B

Former WeWork CEO Adam Neumann has raised over $100 million for his proptech startup, Flow, in a funding round that more than doubles the company's valuation to $2.5 billion, Bloomberg reported on Thursday.

Existing backer Andreessen Horowitz (a16z) participated in the latest financing round, according to anonymous sources cited by Bloomberg.

Neumann expressed confidence in Flow's potential, stating his belief that the company could one day go public.

Flow's Focus and Previous Funding

Flow, a residential real estate company focused on rentals and co-living, previously raised $350 million from Andreessen Horowitz in 2022 at a $1 billion valuation. This substantial investment raised eyebrows given the controversial history of Neumann's previous venture, WeWork.

WeWork, once valued at a staggering $47 billion, filed for bankruptcy protection in 2023 and was eventually acquired by Yardi, a real estate group, for $450 million.

TechCrunch has reached out to both Andreessen Horowitz and Flow for comment.