Managed by Q
Managed by Q acquired by The We Company (in the process of being sold)
The We Company, which we all know as WeWork, has agreed to acquire Managed by Q, the platform for office management. Terms of the transaction were not disclosed but sources indicate that the deal is a combination of equity and cash. Reports peg the acquisition price to be in the neighborhood of $200M to $250M. “We are excited for this incredible opportunity to deepen our commitment to realizing our ambitious vision of building an operating system for the built world,” remarked Dan Teran, Cofounder and CEO of Managed by Q. “WeWork is uniquely positioned to invest in workplace technology and services, and I look forward to partnering with their team to build more robust products for our clients and create a global platform to help companies push the bounds on our collective potential.”
Selected investors in the round: David Stern, FJ Labs, GV, RRE Ventures, Slow Ventures
Founding year: 2013
Total funding raised: $97.4M
Time from founding to exit: 5.34 years
Full coverage: Managed by Q acquired by The We Company
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