Fund profile
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
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/Social
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