IWG takes control of WeWork-backed The Wing
February 16, 2021- Share:
International office supplier IWG has acquired a majority stake in coworking startup The Wing for an undisclosed sum, Bloomberg reported. New York-based The Wing, whose business caters toward women, was one of many flexible office space companies to lay off staff early in the pandemic. It was last valued at $375 million in 2018, according to PitchBook data, and has received backing from NEA, WeWork and Sequoia.
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