We Work injection

SoftBank — the Japanese media and tech conglomerate — invested $300 million in WeWork, a person familiar with the matter said.

The investment from SoftBank is the first in what will probably be a much larger stake, said the person, who asked not to be identified.

The additional cash is expected to come from the $100 billion Vision Fund.

With the new money, the New York-based co-working giant’s valuation increases to about $18 billion, according to an estimate by private stock market provider Equidate.

WeWork, which rents out desks and offices to small businesses, freelancers and other people seeking temporary working space, sold the shares at a higher price than in its previous round, which valued it at about $16 billion a year ago.

The new investment was disclosed in a securities filing.

WeWork and SoftBank declined to comment.

The Japanese firm plans to invest $3 billion or more in total, according to recent published reports.