Coworking startup WeWork is worth more than Twitter

NEW YORK: WeWork, a company that rents out shared office spaces, has raised $760 million in a new Series G round of funding, according to reports. At a $20 billion valuation, the coworking giant tops the market caps of Twitter ($12.96 billion), Box ($2.44 billion), and Blue Apron ($1.54 billion) combined. The company has not confirmed the investment or its source.

Founded in 2010, WeWork has more than 120,000 members in 156 offices worldwide. Entrepreneurs, freelancers, and remote workers who maintain a base at WeWork receive amenities like free coffee, meeting rooms, privacy booths, and net working events.

The company has grown its offerings over the last year. WeLive, an offshoot of WeWork, evolved the hacker-house concept into all-inclusive living experiences that comes with lots of perks. In May, WeWork also quietly got into the fitness business.