Select Page

Source Illustration: Dom Guzman

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

WeWork Eyes Public Market (Again)

Co-working and office leasing provider WeWork is reportedly in talks about going public through a merger with a blank-check acquirer, the Wall Street Journal reports.

The talks come more than a year after the New York-headquartered company pulled its first planned IPO, after failing to garner sufficient investor support at its target valuation.

This time around, WeWork is reportedly weighing offers from a SPAC affiliated with Bow Capital and at least one other unidentified acquisition vehicle. The deal could value WeWork at around $10 billion.

Other news

Robinhood raises $1B: Zero-fee stock trading platform Robinhood raised a $1 billion funding infusion from prior investors including Sequoia Capital and Ribbit Capital as it faces an extraordinarily high volume of trading this week as individual investors pile into Gamestop and other stocks.

Funding rounds

Rockley Photonics lands $65M: Rockley Photonics, a UK-based startup focused on integrated silicon photonic chips, raised $65 million in a growth capital round from backers including Morningside Ventures.

Source: The Briefing: WeWork Eyes Public Market, Robinhood Pulls In Quick $1B, And More