萝莉视频

sold its minority stake in co-working startup , the company announced Wednesday.

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and actress Mindy Kaling have joined The Wing as new investors, according to. The Wing鈥檚 co-working spaces cater specifically to women.

The Wing has raised in total funding, according to 萝莉视频. It鈥檚 backed by investors including and .

WeWork was the lead investor for The Wing鈥檚 $32 million in November 2017. A sale price for its stake in The Wing was not disclosed.

WeWork selling its stake in The Wing follows the company鈥檚 sale of SEO startup Conductor back to its executives in December and room reservation software company to earlier this month.

鈥淟ast quarter, we articulated a long-term plan for disciplined growth and a clear path to profitability, and we continue to execute on this plan each day,鈥� WeWork co-CEO Artie Minson said in a statement. 鈥淭hese sales mark the latest progress in WeWork鈥檚 evolution and allow our talented team to focus on the core business and delivering an exceptional experience for our members.鈥�

In November, WeWork said it would be divesting 鈥渘on-core businesses鈥� as part of its turnaround strategy following its failed IPO in the fall. Teem, The Wing, , , and were listed as the acquisitions that would be sold off.

WeWork said in a statement on Wednesday that sales of the other 鈥渘on-core ventures鈥� were in process.

Also as part of its turnaround strategy, the company has wound down restaurant co-working startup Spacious and will close down its education venture, WeGrow, at the end of the school year.

WeWork acquired Teem for about $100 million in September 2018. It bought Managed by Q in April 2019, Space IQ in July 2019, Meetup in November 2017, and invested in Wavegarden in January 2016.

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