WeWork founder Flow, a new residential real estate company, received an investment of US $350 million

Sina Science and Technology News Beijing time August 16 news, Andreessen Horowitz (also known as A16z) announced investment in a new residential real estate company Flow.

Flow was founded by Adam Neumann, the founder of WeWork and forced out of CEO,2019 a year ago.

What kind of company is Flow? There are few details on the website, but the company is expected to be set up in 2023. According to media descriptions, Flow is the equivalent of a service that allows a large number of landlords to combine properties, similar to hotel owners operating their own hotels in partnership with branded hotel chains. It is said that Andreesen Horowitz will invest 350 million dollars in Flow.

Andreesen Horowitz believes that Flow can provide people with a new way to buy living space. Neumann has bought a large number of homes in many places in the United States and is ready to operate as a "landlord".