Legend Holdings and its private equity subsidiary Hony Capital co-led a round that could rise to $780m, and which is being raised at a $16bn valuation.

US-based work space provider WeWork has raised $430m in a series F round co-led by conglomerate Legend Holdings and its private equity subsidiary Hony Capital, the Wall Street Journal reported yesterday.

The funding was secured at a $16bn valuation, WeWork executives told the WSJ. Fortune had earlier reported WeWork is in the process of raising $780m, citing documents filed in Delaware.

WeWork disclosed Legend and Hony’s involvement yesterday in a blog post, adding that the round also included “existing shareholders…