WeWork leads $32 million funding round for The Wing

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Last week, we learned that WeWork invested in a wave pool company dedicated to artificial surfing. This week, WeWork is investing in something slightly closer to home—and for a subset of WeWork’s customers, a competitor. 

The $20 billion office-leasing company led a $32 million Series B funding round for The Wing, a women’s only coworking space and social club. The investment is WeWork’s largest to date, Chief Operating Officer Jen Berrent said in a blog post. The funding round is also one of the biggest Series B rounds raised by female founders, Forbes noted

“We are grateful to have WeWork’s unmatched abilities in our corner as we expand and grow The Wing’s physical footprint and community,” The Wing CEO and co-founder Audrey Gelman said in a statement. “As pioneers in the field of co-working and community building, WeWork shares in our mission to provide women with a space to take flight.” Read more…

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The Wing continues its women-only co-working/social club takeover

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When The Wing launched its first New York space a year ago, it offered something a lot of women didn’t even know they wanted. 

The coworking space/social club in the Flatiron district lets women network across fields, freshen up between meetings, and make calls, all in a perfectly curated, relaxing, pastel space. There’s also evening programming, including bartending classes, food-banking, and panels of women small business owners.

The Wing saw so much demand for its 21st-century revival of 19th-century women’s clubs that the waitlist for its $2,350 annual membership ran 8,000 people long. 

A year later, The Wing is ready to get those women off the waitlist. The club opened its second space—three times the size of its first—in Soho this week. Locations in Brooklyn and Washington, D.C. are planned for winter 2018.  Read more…

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