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WeWork acquires $249 million office services startup Managed by Q as it goes after larger business customers

WeWork acquires $249 million office services startup Managed by Q as it goes after larger business customers
Managed By Q



WeWork has acquired Managed by Q, a platform for office tenants to hire on-demand service workers like cleaners, receptionists or IT support.




Managed by Q was most recently valued at $249 million in a financing round in January, according to PitchBook. The company had raised $85 million since 2014 from GV, Homebrew and RRE Ventures.




Managed by Q Cofounder and CEO Dan Teran will stay on to lead Managed by Q as a separate entity under WeWork.



In yet another effort to expand beyond its office leasing business, WeWork announced today that it acquired Managed by Q — a platform that allows office tenants to hire service workers such as cleaners, receptionists or IT support.
Financial terms weren’t disclosed. Managed by Q was most recently valued at $249 million in a financing round in January, according to PitchBook Data. The company had raised $85 million since 2014 from GV, Homebrew and RRE Ventures.
Read More: WeWork is changing its name to 'The We Company' as SoftBank invests $2 billion
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