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Fund profile

WeWork Food Labs

WeWork Food Labs

New York, United States

Leading

About

WeWork's "Creator Fund" was a venture capital initiative designed to invest in innovative startups that aligned with WeWork's broader mission of creating a supportive ecosystem for entrepreneurs and businesses. Despite its initial promise, the fund has been closed, reflecting the company's broader shift away from non-core activities following its well-publicized financial challenges and reorganization efforts. Notable investments included Shiftsmart, Raízs, and Super Coffee, focusing on industries like human capital services, specialty retail, and beverages. The fund predominantly targeted early-stage companies generating revenue, indicating a preference for businesses with proven market traction. Geographically, the fund was US-based, with no significant evidence of international focus. WeWork's broader acquisition strategy, however, included companies from various regions as part of its rapid expansion leading up to its IPO attempt. The Creator Fund's strategy was in line with WeWork's larger vision, which, at the time, involved creating a vast network of interconnected businesses within its physical spaces. However, with the company's shift back to its core business model—co-working spaces—under new leadership, the fund's activities ceased, aligning with WeWork's focus on streamlining operations and returning to profitability​.

Details

Round

Seed
Series A
Series B
Series C+

Previous Investments

AI & Deep Tech
Real Estate & Proptech
Software & Apps

Highlights

$26.4M

Historical average check

$7.5B

Historical max check

May 2022

Last investment date

10

Investments

Software & Apps

Lifestyle

Real Estate & Proptech

Social media

Sharing economy

HR & Recruitment

Agritech & Farming

Food & Beverage

Pharma

CleanTech & Sustainability

Advertising & Marketing

E-commerce & Retail

Healthtech & Wellness

Hardware. Robotics & IoT

Consumer Goods & Electronics

AI & Deep Tech

Other

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Contacts

Website

wework.comlabs/food-labs/

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