Co-working space enormous WeWork will purchase Meetup, in line with Crunchbase information. The document says Meetup chief executive officer and co-founder Scott Heiferman shared the news with employees at a corporation-broad meeting on Monday.
WeWork declined to touch upon the file. TechCrunch has additionally contacted Meetup.
Reportedly now valued at $ 20 billion, WeWork raised a enormous $ four.4 billion circular from SoftBank community and SoftBank vision Fund this summer time. The funding is fueling a browsing spree: over the past six months, WeWork has obtained Fieldlens, a verbal exchange system for the development industry; Singaporean co-working area startup Spacemob; enterprise income and advertising and marketing platform Unomy; and coding bootcamp Flatiron faculty. WeWork also lately paid $ 850 million for Lord & Taylor’s former Fifth Avenue flagship department shop to function its ny headquarters.
situated in 2002, Meetup became a web pioneer when it launched to aid organizations of individuals organize offline gatherings in response to shared interests. seeing that then, it’s come up against formidable competitors from social media, notably facebook groups.
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Fundings & Exits – TechCrunch