The co-working space provider has secured $1bn in convertible note financing from long-term investor SoftBank despite heavy 2018 losses.
Telecommunications and internet group SoftBank has provided $1bn in convertible note financing for US-based shared working space provider WeWork, according to financial information released by the company yesterday.
WeWork runs a network of co-working spaces that now spans 436 locations across 81 cities worldwide, providing office space and a range of facilities such as high-grade office equipment and meeting rooms.
The financial data indicated that WeWork more than doubled its revenue from $362m to $764m in the first half of…
