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WeWork acquires Managed by Q

Deploying SoftBank’s capital

Founder of Managed by Q, Dan Teran (Credit: TechCrunch)

WeWork has acquired Managed by Q for an undisclosed sum, according to the WSJ. The office management platform was valued at $249 million in its most recent funding round.

Dig Deeper: The platform streamlines office operations by handling supply stocking, cleaning, IT support, and other non-work related tasks. This complements WeWork’s recent acquisition of Teem, an office software and analytics platform. 

Fundraising history: Managed by Q has raised a total of $128.25 million from RRE, Kapor Capital, and GV. according to TechCrunch.

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