Co-working space provider WeWork secures $1.75 billion funding from Goldman Sachs Group

WeWork announced on Tuesday that it has secured $1.75 billion in new financing in a fundraising push led by Goldman Sachs Group Inc.

Ismawati Asmat

20 Dec, 2019

Co-working space provider WeWork secures $1.75 billion funding from Goldman Sachs Group | BEAMSTART News

- From our Sponsors -

This financing is part of a bailout package from SoftBank and it should free up roughly $800 million in cash that WeWork had set aside to satisfy covenants on its previous credit line.

WeWork will be able to access the fund starting January.

WeWork, founded in 2010 and headquartered in New York City, previously reported having a dramatic collapse.

The company lost nearly $1 billion in the first half of the year and had faced questions about its finances and governance.

“We are pleased that WeWork and SoftBank Group Corp. have entered into a commitment letter with Goldman Sachs,” Erin Clark, a spokeswoman for WeWork, said.

- From our Sponsors -

Latest Jobs

Account Manager (Hybrid)


New York, NY, United States

Full Time

Salary Undisclosed

Customer Service Representative

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3000 — MYR 4000 monthly



SIngapore, Singapore

Contract / Freelance

SGD 9 — SGD 11 monthly

English Technical/Legal Writer

Pacston Technology Group

Kuala Lumpur, Malaysia

Full Time

USD 20000 — USD 60000 monthly

[URGENTLY NEEDED] Portuguese to English Proofreader

Elite Asia


Contract / Freelance

Salary Undisclosed

Junior Accounts Cum Admin Assistant


Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

Head of Developers


Manila, Philippines

Full Time

USD 2000 monthly

Financial Officer

PIVOT Fintech Pte Ltd

60, #11-25 Paya Lebar Rd, Paya, Singapore

Full Time

USD 5000 — USD 8000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).