附近上门

News broke this week that , the shared office giant Chinese arm, has raised $500 million more. The new capital the firm at $5 billion, a fraction of the value of WeWork proper, but a huge sum all the same.

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Per , investors in the new round include SoftBank’s Vision Fund (a huge investor in WeWork itself), 聽as an organization, and , among others. As , WeWork China about a year ago in a transaction that put a value of $1 billion on the company.

From $1 billion to $5 billion, WeWork China聽quadrupled its valuation in a year.

All this is getting a bit silly and hard to keep track of. With debt, two companies, and rounds from investors of all sorts, it’s time for a quick refresher.

WeWork’s Fundraising Race

Let’s go back through WeWork and WeWork China’s fundraising from the start of 2017 and onward. Here is what the numbers look like.

• July 2017: WeWork raised a . The new capital values the firm at 聽(some sources 聽the valuation).
• July 2017: WeWork China raised a . The new capital values the firm at .
• August 2017: WeWork to “.”
• August 2017: WeWork from the Vision Fund and SoftBank itself. Some of the funds g. The resulting valuation is unknown.
• April 2018: WeWork , paying 7.875 percent on the debt. WeWork originally targeted a $500 million sale. The WSJ聽 the $20 billion valuation figure at the time.
• July 2018: WeWork China raised聽, valuing the firm .

Despite some publicly-disclosed rounds, though, there’s much about WeWork that remains uncertain. It’s difficult to track WeWork’s valuation through time as that type of information seems to fade into the background after the company’s Series G. However, at the time of its 2016 $690 million Series F, WeWork’s pre-money valuation came to $16.2 billion,聽. WeWork’s聽2015, $434 million Series E聽 at a pre-money valuation of $9.6 billion. Its 2014, $355 million put a sticker value on the firm at $4.6 billion before the new money was counted, and so on.

But with an opaque valuation or not, WeWork and WeWork China have proved prodigious聽fundraisers in the last year or so, putting on a masterclass in new capital accretion if nothing else.

It’s uncertain how much this collection of corporations will be worth if its shares ever manage to hit public markets. Competition abounds, and, even more, the raw numbers compared to market comps still don’t add up.

But it’s 2018, megarounds rule the world, and nothing else, it seems, matters.

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