Office-sharing start-up WeWork became the latest start-up to be valued at above $10 billion this week after completing a round of founding that puts the company’s value at $16 billion. WeWork is now tied with Snapchat and Didi Kuaidi for sixth place in the list of the world’s most valuable start-ups, which is topped by ride-hailing company Uber, valued at an incredible $51 billion.

WeWork operates co-working spaces in more than 20 cities across North America, Europe and in Israel. Its services are targeted at start-ups, freelancers and small businesses who can pay a monthly fee for access to workspaces at one or several locations.