The 2016 Global Innovation Investment Report by Crunchbase cited WeWork as the most valuable startup in New York City.
The coworking giant “continued to rake in funding” during 2016 and closed the year off with a $16,900M valuation.
Crunchbase also reports a decline in unicorn formation. “In 2015, a private unicorn (like WeWork) was created almost every three days. No more,” reads the report. “Investors minted fewer than 40 companies with disclosed or reported first-time valuations of $1 billion in 2016.”
Additionally, in the United States, the number of seed round went down by 25%. “The number of angel and seed rounds fell to its lowest point since 2012. Early and late stage rounds also saw dropoff of 5% and 14% respectively.”
In terms of the future of work, investors appear to be drawn the most to collaboration. “Companies developing effective tools for workplace tasks such as sharing documents, communicating across teams, or tracking individual contributions to large projects, are attracting the interest of backer from to seed to unicorn stage.”
You can access Crunchbase’s full report here.