scorecardWeWork is reportedly considering selling its stake in women's coworking space The Wing
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WeWork is reportedly considering selling its stake in women's coworking space The Wing

WeWork is looking to cut costs

WeWork is reportedly considering selling its stake in women's coworking space The Wing

WeWork and The Wing

WeWork and The Wing

WeWork led a $32 million series B funding round for The Wing in November 2017; at the time, it was WeWork's largest investment to date.

The Wing cofounder Audrey Gelman also called this funding round one of the largest series B fundraising efforts by female founders ever at that time.

Read more: WeWork just led a $32 million funding round for a female-run startup that's basically a social club for women

The Wing was connected to WeWork through its advisor, SoulCycle founder Julie Rice. Rice became WeWork's chief brand officer in November 2017, according to Fast Company; she left WeWork in August, The Real Deal reported.

Jennifer Berrent, a Wing board member, is also WeWork's co-president and chief legal officer.

A coworking space for women

A coworking space for women

On its website, The Wing calls itself a company keen on "advancing women by gathering them together" through "a network of work and community spaces designed with you in mind."

The Wing currently has eight locations across the US, and it has plans to open five new locations in 2019 and 2020. The Wing is opening its first international location this fall in London.

Membership at The Wing starts at $185 per month. Amenities at The Wing's first location in the Flatiron District of New York City include a roof deck, cafe, and beauty room.

Becky Peterson contributed to this report.

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