Deploying SoftBank’s capital
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.