Daily business news in New York
NEW YORK — Novata, a technology platform and public benefit corporation that provides the private markets with a cutting-edge Environmental, Social and Corporate Governance (ESG) solution, has announced a Series B funding round with $30 million. This significant capital raise enables Novata to meet the private markets’ critical need for a simple and secure data […]
NEW YORK – Transcend Therapeutics, a biotechnology company that develops medicines to treat neuropsychiatric diseases, including post-traumatic stress disorder (PTSD), has recently closed a Series A funding round of $40 million. Led by Alpha Wave Global and Integrated Investment Partners, this funding round will enable Transcend to launch multiple clinical trials, including a phase II study, with […]
NY-based law firm Fried Frank has elected 13 new partners and promoted 14 new special counsel, effective March 1, 2023. “We are proud to welcome 13 talented individuals to our partnership and elevate this exceptional group of associates to special counsel,” said David J. Greenwald, chairman of Fried Frank. “This outstanding group has shown consistent […]
On Sunday, March 12, 2023, the New York State Department of Financial Services (DFS) took possession of NY-based Signature Bank in order to protect depositors. All depositors will be able to access and withdraw their funds. Signature Bank was a leading bank for the crypto industry along with law firms in New York City and the […]
NEW YORK — itselectric, a Brooklyn-based electric vehicle curbside charging company, has landed a $2.2 million pre-seed round to provide curbside EV charging specifically built for cities. The raise was led by Brooklyn Bridge Ventures with participation from The Helm, XFactor, Graham & Walker, Clean Energy Venture Group, and Pericles among others, and will allow itselectric to focus on the deployment of pilot programs in major […]
NEW YORK — The law firm of Gordon Rees Scully Mansukhani is adding 19 attorneys who will join the firm in its New York, New Jersey and Westchester offices. The group, led by partners John J. Hopwood and Melissa J. Brown, includes eight partners, nine associates, and two of counsel, all of whom previously practiced with Marks, […]
NEW YORK — Fynn, a lender providing private student loans for America’s skilled workforce, has closed an $11 million seed round and $25 million debt facility. Lead investors include Y Combinator, Susa Ventures, Village Global, Tenacity Venture Capital, and Watchfire Ventures. The seed funding will be used to expand Fynn’s services across the United States and to support students looking to further their education. As the U.S. […]
NEW YORK — NYU Langone Health’s Transplant Institute teams performed 600 organ transplants last year, exceeding any single transplant center in the Northeast. Additionally, data released by the Scientific Registry of Transplant Recipients in January 2023 showed that survival exceeded national benchmarks. Transplant patients on the waiting list received hearts and lungs at a faster rate than […]
NEW YORK — TIME magazine has revealed the annual TIME Women of the Year list recognizing 12 extraordinary leaders working toward a more equal world. TIME magazine is owned by Salesforce CEO Marc Benioff. The 2023 TIME Women of the Year list includes: actor and UNHCR ambassador Cate Blanchett, actor Angela Bassett, musical artist Phoebe Bridgers, writer, producer, […]
NEW YORK — BlocPower, a climate technology company focused on greening America’s buildings, has raised $150 million, including over $24 million of Series B corporate equity led by VoLo Earth Ventures and $130 million of debt financing led by Goldman Sachs. Microsoft Climate Innovation Fund, Credit Suisse, Builders Vision, New York State Ventures, Unreasonable Collective, Kimbal and Christiana Musk, Gaingels, Van Jones, Kapor Capital, My […]