A startup sprouting up across London could be getting a massive investment from Softbank
A startup that seems to be on almost every corner in the centre of London these days could be about to land a major investment from Softbank's massive $100bn tech fund, according to reports.
WeWork, a co-working space which already has 12 locations in the capital, could be the first investment made by the Japanese firm's new Vision Fund, which is headquartered out of the capital.
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Originally set up in New York, the UK is now the second largest market for unicorn-valued WeWork outside of the US, and it is planning to add at least a further 10 locations in the capital where it already boasts 10,000 members, five of which are already in the works.
Small businesses, startups and freelancers can rent space – from just a desk to a whole office – on a monthly basis – and offers perks such as being dog friendly.
According to the Wall Street Journal, Softbank is considering investing $1bn in the seven-year-old startup, currently valued at around $17bn.