Latin American hostel and co-working company Selina Ltd. has reportedly raised $95 million from Israel-born WeWork founder Adam Neumann and Dubai-based investor the Abraaj Group.
Selina is a WYSE Travel Confederation member which operates hostels that combine accommodation, co-working space, tours, wellness and fitness classes, and more. The company has hostels in many Latin American countries, including Mexico, Panama and Costa Rica. During the 2018 World Youth and Student Conference, Selina announced a collaboration with WY_CO (formerly We Roam) to bring 50,000 remote workers abroad in 5 years.
In February, Calcalist reported that Selina is planning to open a research and development center in Tel Aviv by the end of 2018, looking to employ 40 developers and software engineers. Read more on recent Selina developments from Calcalist.