PropTech startup Flow, founded by Adam Neumann — the co-founder and former CEO of WeWork — and based in the United States, has secured $100 million in a Series B funding round, according to Bloomberg sources.
The new capital has raised the company’s valuation to approximately $2.5 billion.
Existing investor Andreessen Horowitz (a16z) participated in the round, increasing its stake in Flow from 20% to 25%, while the majority of Flow’s shares remain held by Neumann’s family office and Flow employees.
In an interview with Bloomberg, Adam Neumann expressed his confidence that Flow could go public “one day,” adding, “but we are in no rush.”
Flow, established in 2022, is a residential real estate company focused on rentals and co-living projects. In the same year, it raised $350 million from a16z — marking the firm’s largest single investment ever — and achieved a $1 billion valuation, becoming a unicorn within its first year.
Flow operates properties in South Florida, New York, and Palo Alto, and expanded internationally in 2024 by announcing residential projects in Riyadh, Saudi Arabia.
