LONDON, UK – 9 October 2023 – WeWork Inc. (NYSE: WE) (“WeWork”), the leading global flexible space provider, announced that Techstars, the largest pre-seed investor in the world that provides access to capital, one-on-one mentorship, and customized programming to early-stage entrepreneurs, is complementing its space at WeWork Aldwych House in London with WeWork Workplace, the software solution from WeWork Inc. which enables people in their network to book desks in advance and next to their colleagues.
Techstars utilizes over 8,500 sq ft of WeWork space to power its accelerator programs at WeWork Aldwych house in London and WeWork 214 W 29th St in New York. Since taking over the spaces, Techstars has graduated two accelerator cohorts in London and one accelerator cohort in New York, with another class commencing the 13-week intensive program this month.
Techstars invests in early stage companies through its global accelerator programs. Founded in 2006, Techstars’ mission is to democratize entrepreneurship globally by providing capital, programs, services and connections to founders building world changing businesses. Since its inception, the pre-seed investor has invested in more than 3,700 early-stage startups through its accelerator programs. Its Accelerator programs aim to leverage the capital’s global outlook and diverse talent to catalyze emerging startups on a global scale.
Techstars’ workspaces in London and New York offer a diverse, mixed-use layout, from lounge space and communal areas to bookable private offices and conference rooms – ideal for high-quality speakers, mentoring sessions, client meetings, brainstorming workshops and networking opportunities. Techstars London cohorts will also have access to WeWork Workplace which enables them to effectively collaborate with their wider team, as well as maximize their time spent in the office. The software platform also provides useful insight to Techstars’ decision makers on how their office footprint is being utilized, helping to inform future decisions around its real estate strategy.
Ben Samuels, Chief Revenue Officer, WeWork says “At WeWork, we continue to see organizations of all sizes and industries looking to incorporate flexible space in their real estate portfolio. Techstars came to us with the need for flexible, scalable space and the necessary tools to help manage their international network of scaling startups. Their workspace in New York and London – complemented by WeWork Workplace for London-based startups – is a winning combination that underscores the company’s commitment to providing a first-class and consistent experience for their cohorts. It also reaffirms WeWork’s position as the partner of choice for growing organizations who require new levels of flexibility and tools to navigate a hybrid set up in this new world of work.”
First opening in 2017, WeWork Aldwych House spans eight floors, and is located near Covent Garden, Temple, and Holborn Tube stations – ideal for Londoners and those commuting into the capital. WeWork 214 W 29th St in Chelsea, New York spans seven floors and is round the corner from 1, 2, N, Q, R, W, 3 and PATH train connections. Both locations have been designed by WeWork’s in-house design team, blending functional, flexible and thoughtful design to meet the needs of the modern workforce.
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*(Source: Pitchbook)
About WeWork
WeWork (NYSE: WE) was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since then, we’ve become the leading global flexible space provider committed to delivering technology-driven turnkey solutions, flexible spaces, and community experiences. For more information about WeWork, please visit us at wework.com.
About Techstars
Techstars is the largest pre-seed investor in the world having invested through its accelerators in more than 3,700 companies. Founded in 2006, Techstars believes that entrepreneurs create a better future for everyone and great ideas can come from anywhere. Now we are on a mission to invest in an unprecedented number of startups per year enabling more capital to flow to more entrepreneurs around the world. We do this by operating accelerator programs and venture capital funds, as well as by connecting startups, investors, corporations, and cities to help build thriving startup communities. www.techstars.com
