- General
- April 4, 2019
- 4 minutes read
WeWork Acquires Managed by Q
Managed by Q co-founder and CEO Dan Teran Photo by Noam Galai/Getty Images for TechCrunch WeWork has announced an acquisition…
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| Managed by Q co-founder and CEO Dan Teran
Photo by Noam Galai/Getty Images for TechCrunch
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WeWork has announced an acquisition of Managed by Q, a work-space management platform founded in 2014 and backed by the likes of GV, RRE Ventures, FJ Labs and HomeBrew. The NY based company has raised nearly $100 million according to Crunchbase data. WeWork’s acquisition price is not disclosed but for a hint, Managed by Q was valued at $249 million from its last funding according to Pitchbook.
Managed by Q provides a single platform for companies to manage their workplace tasks and activities. The company’s founder and CEO Dan Teran will continue to lead Managed by Q as a brand under WeWork.
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| A WeWork location in Champs-Élysées, Paris
image: WeWork
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“Dan Teran is a world-class entrepreneur and has built an incredible business and team based on values perfectly aligned with ours,” WeWork co-founder and CEO Adam Neumann said in a statement. “I am honored to have Dan join The We Company as a partner to me and our executive team in shaping the future of how we live, work, and grow.”
