Former WeWork CEO Adam Neumann’s real estate startup, Flow, has raised over $100 million in a fresh funding round which values the residential property company at approximately $2.5 billion. This latest financing nearly triples the company’s earlier valuation of $1 billion from a previous investment in 2022.
Andreessen Horowitz, a prior investor, was involved once again in this financing round, signaling continued confidence in Neumann’s new venture. Flow primarily operates within the residential rental and co-living markets, an area of real estate seeing increased investor interest.
In remarks regarding the funding, Neumann expressed optimism that Flow would eventually be suited for the public market, saying he was “sure” the company could go public in the future.
The previous valuation and funding round had initially sparked considerable industry debate, due in part to Neumann’s controversial tenure at WeWork. At its peak, WeWork had been valued at $47 billion, but faced severe financial troubles that eventually led it into bankruptcy in 2023. The company was later acquired by real estate firm Yardi for approximately $450 million.
