WeWork has sold Managed by Q to startup Eden for $25 million. Adam Neumann paid $220 for the facilities management company less than a year ago, in a deal that included $100 million in cash, TRD reported. The two platforms streamline office operations by handling supply stocking, cleaning, IT support, and other non-work related tasks.
- Worth Noting: Eden completed a $29 million funding round led by JLL on Tuesday, which was used to fund the acquisition. The startup will now partner with its former chief rival Managed by Q.