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WeWork’s Adam Neumann in Talks to Boost Investment in Peach Street

  • Neumann’s family office first backed mortgage startup in July
  • Jefferies, Soros, Zigg, Kairos among other early investors
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The Spectacular Rise and Fall of WeWork

WeWork co-founder Adam Neumann’s family office is in discussions to put additional capital in Peach Street Inc., a startup focused on mortgage servicing.

Neumann’s 166 2nd LLC is among a group of investors in talks to take part of a $4 million convertible note, said Ilan Stern, the family office’s chief investment officer. New York-based Peach Street is headed by Chief Executive Officer Andrew Wang.