WeWork co-founder’s startup gets unicorn status even before launch

Flexible office space provider WeWork co-founder and former CEO Adam Neumann has received around $350 million funding from top investment fund Andreessen Horowitz (a16z) for his upcoming new rental real estate business, called Flow.

The investment puts Flow’s valuation at over $1 billion (a unicorn status) and the startup is yet to be launched.

“We are excited to partner with Adam Neumann and his colleagues on Flow. Adam is a visionary leader who revolutionised the second largest asset class in the world — commercial real estate — by bringing community and brand to an industry in which neither existed before,” Marc Andreessen said in a blogpost late on Monday.