NYC tech hub Beatworks Studios gets support from WeWork

April 1, 2019

New York City's seed-stage venture capital fund, Betaworks, has created another endeavor, Betaworks Studios, which has garnered support from The We Company (formerly known as WeWork), the coworking giant based out of the US, which has spread across the globe.

JLL Spark led a $4.4 million investment in the membership-based co-working club described as a supportive community for builders, with participation from the co-working giant, Betaworks Ventures and BBG Ventures. Betaworks Studios has previously raised a pre-seed round led by BBG.

Launched in 2018, Betaworks Studios offers entrepreneurs, artists, engineers and creatives a place to work on projects and accumulate a network, similar to a WeWork hub.

In separate news, Betaworks Ventures filed to raise a $75 million sophomore fund.

Founded in 2008 by John Borthwick,  Betaworks operates an investment fund, an accelerator and builds companies internally with spin-outs, including Giphy, Digg and Bit.ly. The idea for Betaworks Studios was to expand its resources and network to the greater entrepreneurial community.

Read more here

Join us in Miami Beach, June 5-7 for the Global Online Marketplaces Summit.

899

April 1, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Affordability Calculators 1
Affordability Fears Are Growing – Are Real Estate Portals Paying Attention?

Only around 40% of listings on Zillow are affordable. Or, to put it another way, only around 40% of properties...

Read More
People Roundup Hero Image 3 April 25 1
People on the Move Roundup: REW, ImmoScout24 and REA India

This week's roundup of real estate marketplace comings and goings features executives on the move in Canada, Germany and India......

Read More
Cooperrocketacq 2
Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion

Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United...

Read More
Scout24 German Houses 3
Scout24 Closes Another Data-Focused Acquisition

Germany-based marketplace operator Scout24 has continued its expansion into real estate data with the acquisition of Austrian proptech firm ImmoUnited....

Read More

Editor's Pick