WeWork Scrounges For Change In New Proptech Investment

More stories for you

The Office Amenity Missing From The Load Factor Equation

2 weeks ago

Tech Debt Nearly Doubles Amid AI Spending Rush, Raising Business Risks

3 weeks ago

New Analysis Shows Which U.S. Cities Offer The Best Conditions For New Businesses

1 month ago

U.K. Unveils $965M Apprenticeship Push To Get Gen Z Back To Work

1 month ago

Despite its recent major setbacks, WeWork has taken part in a $4.6 million venture round for commercial real estate startup company Jones.

Jones is a firm that develops software to simplify insurance compliance process for commercial real estate firms.

Advertisements

“We believe the on-demand economy is coming to commercial real estate, and that means the insurance workflows need to be rebuilt for simplicity,” said Omri Stern, Jones’ CEO and co-founder. “Real estate managers, tenants and vendors deserve an effortless and transparent experience when completing the insurance approval process.”

This news follows recent reports stating that WeWork is attempting to raise capital from JPMorgan and Softbank so it does not run out of money by next spring.

Advertisements

Advertisements