New York City’s most valuable start-up is getting even bigger. After raising billions in funding at a $16 billion valuation, WeWork, a buzzy real-estate start-up that leases office space to other start-ups, is reportedly closing another new round. The latest investor is something of a big deal himself: Masayoshi Son, the chief executive officer of Japanese investment firm SoftBank, who became President Donald Trump’s favorite tech investor after promising to invest billions in the United States. Son, The Wall Street Journal reports, personally invested $300 million in WeWork, with additional funding from SoftBank to come.

In total, the seven-year-old company could raise as much as $3 billion from Softbank’s $100 billion tech-focused Vision Fund, which the firm announced last year and is believed to be the largest of its kind for making investments in the tech space. Bloomberg reports that a new round of funding could value WeWork at $18 billion.

Via vanityfair.com