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.
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“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.”
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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.
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