Former WWORK CEO Adam Neumann Has Raised Over $ 100 Million in Capital for his Proptech Startup, FlowIn a round that values that company at about $ 2.5 billion, bloomberg Reported on thuresday.
Citing anonymous sources family with the deal, bloomberg reported that existing backer Andressen HORWITZ (A16z) Participated in the Financing.
Neumann told bloomberg that he was “sure” flow was a company that could go public “one day.”
Flow-A Residential Real Estate Company Focused on Rentals and Co-Living-Raised $ 350 Million from Andreessen Hrowitz At a Valuation of $ 1 billion in 2022. The Funding raised Eyebrows Given The Problematic History of Neumann’s Previous Startup, Well. Once Valued at $ 47 Billion, WWORK FILED FOR bankruptcy protection in 2023 and was ultimately acquired by Yardi, a Real Estate Group, for $ 450 Million.
Techcrunch has reacted out to Andreessen Hrowitz and Flow for comment.