Andreessen Horowitz Backs Adam Neumann’s Real-Estate Startup

Venture-capital firm Andreessen Horowitz is investing in Flow, a real-estate startup led by former WeWork executive and co-founder Adam Neumann.

The firm, known as a16z, is investing $350 million in Flow at a valuation above $1 billion, said a person familiar with the matter, making it one of the largest-ever investments for an early-stage startup. Flow was founded earlier this year.