Techstars in Detroit outgrows Ford Field and is moving to WeWork

Techstars Mobility has a new home. The accelerator program is moving from its in Ford Field to the 7th floor of WeWork Merchant’s Row. This puts the program in a central location in Detroit’s growing tech scene, giving participants the opportunity to interact with other entrepreneurs looking to be, as they say in Detroit, a […]

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WeWork confirms deal to buy Naked Hub, one of its main competitors in China

WeWork is buying up one of its largest competitors in China after it announced a deal to acquire Naked Hub. The deal was widely reported by Chinese media yesterday, but WeWork has now confirmed it through a blog post from its CEO Adam Neumann. Terms of the transaction are not disclosed but Bloomberg reported that it […]

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WeWork expands its Flatiron School education business to London with £1M in scholarships

 WeWork — the co-working startup valued at $20 billion with some 200,000 members across 200 locations globally — is continuing with its strategy of expanding into a wide array of adjacent operations to grow its business. Today the company announced that it will be expanding the coding-focused Flatiron School abroad, starting in London this June.
Alongside this, it’s also… Read More

View More WeWork expands its Flatiron School education business to London with £1M in scholarships

Investing in tech for hospitality and food, Almanac Investments raises $30 million

 David Barber, the storied owner of the Blue Hill restaurant, farm, and hospitality consulting mecca (a favorite of President Barack Obama and First Lady Michelle Obama), has long been an angel investor in startup companies.
Individually, he’s backed companies like Sweetgreen, the fast casual farm-to-table restaurant chain, that share Blue Hill’s focus on sustainable products and… Read More

View More Investing in tech for hospitality and food, Almanac Investments raises $30 million

WeWork banks on a local approach and Powered By We to crack Southeast Asia

 WeWork charged into Asia two years ago but it finally moved into Southeast Asia in the second half of 2017 through the acquisition of SpaceMob and the opening of its first space in Singapore — which became number 200 worldwide. Now, the company is relying on a formula with two key focuses to further its push and conquer the co-working space in this emerging region. Consumer… Read More

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WeWork’s Powered By We product is central to 2018 growth strategy

 WeWork had a big year in 2017. The seven-year-old company opened 90 new locations, doubling its global membership, and expanded into new cities in Latin America, Asia and Australia, and Europe and Israel. It is reportedly valued at $20 billion. While 2018 holds more of the same — WeWork plans to launch 1 million square feet of new space each month next year — the company also plans… Read More

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Softbank leads a $120 million round for insurance startup Lemonade

 Softbank’s Vision Fund has finally made a good tech investment around real estate.
After investing $4.4 billion in what is essentially a bespoke office space rental business (WeWork) and another $450 million in Zillow for rich people (Compass), the gargantuan Japanese tech investor is leading a $120 million round of funding for Lemonade, a startup providing renters and homeowners insurance. Read More

View More Softbank leads a $120 million round for insurance startup Lemonade

Mindspace raises $20 million to launch co-working spaces in the US

 Co-working startup Mindspace recently raised $20 million as it gears up to launch its first two locations in the U.S. While Mindspace is looking to go big or go home in the U.S., it’s starting off slow with its first two locations in San Francisco and Washington, D.C. Mindspace started in Tel Aviv about four years ago and has since expanded to Germany, Poland and the U.K. Read More

View More Mindspace raises $20 million to launch co-working spaces in the US

Education technology meets its limits

 This week has been a good one for those who like to talk about the limits of technology. Over in the UK, a prankster managed to fool Trip Advisor into naming his shed the #1 ranked restaurant in London. Meanwhile, in Los Angeles, a city struggling to manage several wind-fueled wildfires, the L.A.P.D. has asked drivers to refrain from using navigation apps because they’re steering… Read More

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