Daily business news in New York
Kelley Blue Book, a leading appraiser of car values, reported the estimated average transaction price for a light vehicle in the United States was $40,857 in January 2021. New-vehicle prices increased $2,110 (up 5.45%) from January 2020, while falling $295 (down 0.72%) from last month. “January 2021 prices are coming off a historical fourth quarter, with average transaction prices reaching more than $40,000 for the first time at the […]
NEW YORK — Fi, maker of smart dog collars, announced $30 million in Series B funding led by Longview Asset Management, with participation from Advance Venture Partners (AVP), Gokul Rajaram as well as existing investors RRE Ventures, Lerer Hippeau, and Freestyle. The money raised will be used by Fi to hire more employees and support […]
SCHENECTADY — Two of the largest supermarket chains based in Upstate NY — Price Chopper and Tops — are planning to merge. Price Chopper, which operates 130 Price Chopper and Market 32 grocery stores and one Market Bistro, is based in Schenectady and founded by the Golub family in 1932. The chain employs 18,000 workers […]
NEW YORK — It’s a great day for Heyday. The fast-growing company looking to making expert skincare accessible through its studios, has landed a $20 million Series B round of funding led by Level 5 Capital Partners (L5) with participation from existing investors Lerer Hippeau and Fifth Wall Ventures. The new funding will allow Heyday to expand […]
BROOKLYN — Koffie Labs, an insurance tech company focused on reinventing the trucking and transportation markets, has raised $4.5 million in venture financing. Anthemis Group and Lerer Hippeau led two rounds of seed round financing with participation from 2048 Ventures, Plug and Play Ventures and C2 Ventures. Trucking insurance is an essential component of the […]
NEW YORK — Sports Illustrated, the venerable sports magazine, announced the addition of new full-time staff, with an initial focus on expanding its NBA editorial team. Chris Herring will join SI on Feb. 15 as a senior writer. Herring most recently wrote for ESPN and FiveThirtyEight and prior to that was an NBA reporter with The […]
NEW YORK — Concierge healthcare service Eden Health announced it has raised $60 million in Series C funding led by investor Insight Partners, with participation from Amigos Health, Aspect Ventures, Company Ventures, Flare Capital, Flexcap Ventures, Max Ventures and PJC, which brings the company’s total funding to $100 million. The new capital will be used to expand its brick-and-mortar medical office footprint […]
NEW YORK — Capitalize, an online platform to help consumers transfer retirement assets, has closed a $12.5 million Series A investment round. Canapi Ventures led the round with participation from Capitalize’s existing investors, including Bling Capital, Greycroft, RRE Ventures and Walkabout Ventures. The new funding will help the company drive continued growth, support strategic investment […]
NEW YORK — Marble, which is developing a digital wallet and loyalty platform for insurance, announced $2.5 million in seed round funding. Marble’s investors include IA Capital Group, MS&AD Ventures, Reciprocal Ventures, Fintech Ventures Fund, The Takoma Group, and HU Investments. Marble, founded and launched in private beta in 2020, acts as a one-hub, digital wallet […]
Trader Joe’s, the popular supermarket chain, with over 500 stores nationwide is giving employees an additional $2 hourly bonus beginning this month. Since the start of the pandemic in March, Trader Joe’s has provided all hourly Crew Members with an additional $2/hour “thank you” wage, in recognition of the work they do on the frontlines. […]