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Report: Adam Neumann’s Flow raises $100M+, more than doubles valuation to $2.5B
Former WeWork CEO Adam Neumann has raised over $100 million in capital for his proptech startup, Flow, in a round that values that company at about $2.5 billion, Bloomberg reported on Thursday.
Citing anonymous sources familiar with the deal, Bloomberg reported that existing backer Andreessen Horowitz (a16z) participated in the financing.
Neumann told Bloomberg that he was “sure” Flow was a company that could go public “one day.”
Flow — a residential real estate company focused on rentals and co-living — raised $350 million from Andreessen Horowitz at a valuation of $1 billion in 2022. The funding raised eyebrows given the problematic history of Neumann’s previous startup, WeWork. Once valued at $47 billion, WeWork filed for bankruptcy protection in 2023 and was ultimately acquired by Yardi, a real estate group, for $450 million.
TechCrunch has reached out to Andreessen Horowitz and Flow for comment.