U.S. WeWork buys office management software maker Teem for $100 mln

09/13/2018 2:53:00 PM (GMT)

U.S. shared workspace provider WeWork has acquired office management software maker Teem for $100 million in cash.

The purchase could help the co-working giant offer more robust in-office services to customers.

Previously, Teem raised $21.5 million in private funding from investors including Origin Ventures, NGP Capital, and Greycroft.

In July, WeWork secured $500 million in Series B funding round led by Trustbridge Partners, Temasek, SoftBank and the SoftBank Vision Fund, and Hony Capital.

Teem

All success stories are prepared by Investsize editors which is selecting elite and remarkable information from press releases and anonymous news sources.There is no charge applied for any success stories which is published . Those published success stories are not investment advices and doesnt offer recommendations Alternate Text