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WeWork Alumni Fund operates as a dedicated venture capital rolling fund, primarily utilizing the AngelList platform to source and manage investments. It focuses on providing early-stage capital to nascent companies, with an investment thesis centered on supporting specific founders within a particular network.
Established by Matthew Shampine, a foundational figure at WeWork who co-founded WeWork Labs in 2011, the fund emerged from a clear insight. Shampine’s deep involvement in fostering early-stage companies at WeWork revealed a persistent need for structured support for entrepreneurs emerging from that ecosystem, leading to the fund's creation.
The fund primarily serves startups founded by former WeWork employees and members, offering them crucial early-stage backing. Its overarching vision is to cultivate the entrepreneurial talent that originated within WeWork’s global community, ensuring continued innovation and success. It aims to perpetuate the WeWork ethos of community and growth through strategic investment.
WeWork Alumni Fund has 1 tracked investment across 1 company. The latest tracked deal is $1.3M Pre-Seed in Dandi Fertility in May 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 8, 2024 | Dandi Fertility | $1.3M Pre-Seed | Clark Valberg | Ruttenberg Gordon Investments, Winklevoss Capital |