WeWork raked in $355m in funding using this series D pitch deck

ABOUT

US-based WeWork offers coworking spaces for entrepreneurs, startups, freelancers, and large enterprises. As of March this year, the company claims to have over 690,000 members across 828 locations in 38 countries worldwide.

The New York-headquartered company used this pitch deck to raise US$355 million in series D funding back in 2014. So far, the company has raised a total of roughly US$20 billion in funding, counting SoftBank and Goldman Sachs as some of its major backers.

Fundraising journey

• Early 2012: US$6.8 million seed funding.
• July 2012: US$17 million series A.
• 2013: US$40 million series B.
• February 2014: US$150 million series C.
• December 2014: US$355 million series D.
• 2015: US$400 million series E from Fidelity Investments.
• 2016: US$430 million series F investment from Hony Capital and Legend Holdings.
• July 2017: US$760 million series G from Hony Capital and Legend Holdings, also $500 million from Softbank and Hony Capital for WeWork China.
• August 2017: US$4.4 billion late-stage investment from Softbank and Softbank Vision Fund.
• July 2018: US$500 million investment from Temasek Holdings, SoftBank, TrustBridge Partners, and Hony Capital for WeWork China.
• August 2018: US$1 billion in the form of convertible notes from Softbank.
• October 2019: US$1.5 billion strategic investment from Softbank.
• December 2019: US$1.75 billion of financing from Goldman Sachs for a new line of credit.

How is the deck compelling?

• The deck provides WeWork’s current general and financial states at the beginning.
• It states what its business is, the opportunity it is seizing, and how WeWork’s services build on this opportunity thoroughly.
• It projects how WeWork will lead the market as the first mover in the space-as-a-service business.
• It also elaborates on how WeWork’s business model is profitable.
• Although lengthy, it presents enough visuals such as images and charts.

SOURCE

Deck: PitchDeckHunt