Description

Live Life in Flow. Coming 2023.Flow is an American residential real estate company founded by the former CEO of WeWork Adam Neumann and funded by the venture capital firm Andreessen Horowitz.The company hopes to address some aspects of the United States housing shortage through technology, providing equity for renters, and a new type of social interaction.The startup is initially planning to operate 3,000 apartment units, purchased by Neumann, in Nashville, Tennessee, Atlanta, Georgia and Miami and Fort Lauderdale in Florida.The company is scheduled to launch in 2023, while the business plan is not yet made public.According to The New York Times, Flow plans to offer concierge services to renters and management services for Neumann's properties and third-party landlords.Funding:In mid-August 2022, Flow received a $350 million initial investment from Andreessen Horowitz, valuing the company at over $1 billion and making it a unicorn months before commencing operations.According to The Wall Street Journal, the investment granted Andreessen Horowitz a stake in Flow's real estate portfolio.