Daily business news in New York
PURCHASE, NY — Mastercard is giving grants totaling $5 million to two Historically Black Colleges and Universities (HBCUs), Morehouse College and Spelman College, to develop the Center for Black Entrepreneurship (CBE). The CBE will further the development of cutting-edge entrepreneurial programming, thought leadership, networking and academic and mentorship opportunities for aspiring Black entrepreneurs. The philanthropic […]
NEW YORK — Walnut, which bills itself as the world’s first sales experience platform, has raised $15 million in Series A funding led by Eight Roads Ventures. Walnut is based in NY, London and Tel Aviv, Israel. This funding round comes just several months after a $6 million seed round, bringing the total funding raised […]
NEW YORK — Quip, a company that sells electric toothbrushes and oral healthcare products with over 7.5 million users, announced it has raised $100 million in growth funding from Cowen Sustainable Investments (CSI) an environmental sustainability focused growth investment strategy. “quip is well on its way to becoming the iconic oral care brand in the […]
NEW YORK — Match Group — owner of dating websites Match.com, Tinder and Plenty of Fish — is joining the prestigious S&P 500 Index along with Ceridian HCM and Brown & Brown. S&P Dow Jones Indices announced it will make the following index adjustments to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 […]
NEW YORK — Real estate investment firm Vornado Realty Trust announced it has entered into agreements to sell five struggling Manhattan retail properties located at 677 – 679, 759 – 771 and 828 – 850 Madison Avenue, 478-482 Broadway and 155 Spring Street for $184.5 million. Vornado says the properties currently have negative income and […]
NEW YORK — Vic.ai announced $50 million in Series B funding to spur adoption of its pioneering AI platform for real-time, autonomous accounting and financial intelligence. The Series B funding was led by ICONIQ Growth with participation from existing investors GGV Capital, Cowboy Ventures and Costanoa Ventures, bringing total capital raised to $63 million. Vic.ai plans to use the new funding […]
NEW YORK — Botify, an enterprise software company for performance-driven organic search, has closed $55 million USD in Series C funding led by InfraVia Growth, with participation from Bpifrance through its Large Venture fund, as well as existing investors Eurazeo and Ventech. Nicolas Herschtel from InfraVia and Antoine Izsak from Bpifrance Large Venture will join Botify’s Board […]
NEW YORK — Knoetic, a startup “built with Chief People Officers, for Chief People Officers,” made its debut last month, announcing an $18 million Series A round of funding led by Accel. Over 100 angel investors also participated in this round, including New York Times bestselling author Adam Grant, and executives from Box, Figma, Johnson & Johnson, LinkedIn, Scale, […]
NEW YORK — Maven Clinic, which operates a virtual clinic for women’s and family health, announced the close of its $110 million Series D funding round, co-led by Dragoneer Investment Group and Lux Capital, with participation from BOND and existing investors Sequoia, Oak HC/FT, and Icon Ventures. Maven also welcomed celebrity Oprah Winfrey as an investor in its […]
NEW YORK — Urbint, an AI platform for predicting and stopping threats to critical telecom and energy infrastructure and workers, announced a $60 million Series C investment round led by Energize Ventures, with participation from American Electric Power, OGCI Climate Investments, and existing investors Energy Impact Partners, National Grid Partners, Blue Bear Capital, and Salesforce Ventures. Critical […]