WeWork announces $400 million funding round

We never take for granted the opportunity each day brings to serve our community and effect change in the world.

During the first 175 days of 2015, we’ve accomplished many great things. We announced new partnerships with TriNet and Chase/Paymentech that save our members money on health care and payment processing. We gave 19 member companies the opportunity to present in front of top VCs and press at TechCrunch Disrupt NY. Additionally, we welcomed 11,750 new members to the community and opened 15 new locations. We now have communities in 14 cities and three continents around the world.

This phenomenal growth would not be possible without the tremendous support of our partners in the investment community. Today, we are happy to announce a round of $400 million in financing and are thrilled that Fidelity Management & Research Co. joined our previous investment partners: funds and accounts advised by J.P. Morgan Investment Management Inc., funds and accounts managed by T. Rowe Price Associates Inc., clients of Wellington Management Co., Goldman Sachs Group and Benchmark Capital.

We are humbled by the faith being put in us as well as acutely aware of the incredible responsibility we have to put these resources to their absolute best use. As a company we are all committed to the discipline needed to deliver the results that our employees, members and investors expect from us. We understand that this just raises the bar and are ready to tackle this next phase with our full intention and strength. Just like our members, this is our life’s work, not just a way to make a living.

Today’s significance extends beyond just what this capital will allow us to do. Today also represents validation of a larger movement and lifestyle of We. We’re grateful to each of our 500 employees and the 29,000+ members in our community who are pioneering a new way of working and living, based on meaning. The “We Generation” is not bound by location, age, race, or religion. It is a state of mind and commitment to a more fulfilling life.

We are overwhelmingly inspired by the opportunity ahead of us and will be as committed to our values as ever as we pursue this next level of growth. Thank you for continuing to share this journey with us. We are so happy and privileged to be on this ride together.