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Neumann’s Flow attracts another $100M+, doubling valuation to $2.5B

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Former WeWork founder Adam Neumann’s real estate and technology startup, Flow, has raised over $100 million in a Series B funding round, doubling its valuation to approximately $2.5 billion, according to Bloomberg. Existing investor Andreessen Horowitz participated in the round, increasing its stake from 20% to 25%. Flow, which focuses on tech-enabled residential rentals and co-living spaces, operates in South Florida, New York, Riyadh, and Palo Alto. The company aims to reinvent residential real estate by creating living environments that function more like products. Flow forecasts positive cash flow by 2025 and has launched successful projects such as Flow House, touted as one of the fastest-selling condo projects in South Florida. Neumann indicated plans for a future public offering but emphasized there is no rush.