Flow Secures $100M+ in Funding, Valuation Soars to $2.5B
Adam Neumann's proptech startup, Flow, has raised over $100 million in a new funding round, more than doubling its valuation to $2.5 billion, according to a Bloomberg report. Existing investor Andreessen Horowitz (a16z) participated in the financing.
Flow, focusing on rentals and co-living within the residential real estate sector, previously raised $350 million from Andreessen Horowitz in 2022 at a $1 billion valuation.
This latest investment marks a significant milestone for Flow and Neumann, who aims to eventually take the company public. This comes after the tumultuous journey of Neumann's previous venture, WeWork, which ultimately filed for bankruptcy protection in 2023 after once reaching a $47 billion valuation.
Neumann expressed confidence in Flow's potential for an eventual IPO.
The substantial investment in Flow underscores investor confidence in the company's vision and potential within the evolving real estate landscape.
