NEW YORK — Pipedrive, a developer of sales and Customer Relationship Management (CRM) software, has closed a $50 million Series C round led by new investor Insight Venture Partners and existing investor Bessemer Venture Partners, with additional participation from existing investors Rembrandt Venture Partners and Atomico. Pipedrive plans to use the money to expand research […]
Month: June 2018
Men’s Clothing Site Grailed Raises $15 Million
NEW YORK — Grailed, an online marketplace for curated men’s clothing, has closed a $15 million Series A investment round led by Index Ventures, with added participation from Thrive Capital and Simon Ventures. The new investment brings the company’s total funding to about $20 million and will allow the company to enhance the customer experience, […]
Pendry to Build First NY Hotel
Pendry Hotels, in collaboration with Brookfield Properties, will build its first New York City hotel at Manhattan West – an eight-acre, six-building mixed-use development located in Manhattan’s Hudson Yards district. The hotel won’t open until 2021. Pendry Manhattan West will feature 164 guestrooms including 30 suites; a signature restaurant; a lounge and vibrant open-air terrace […]
Kustomer Scores $26 Million Funding
NEW YORK — Kustomer, a developer of a Customer Relationship Management (CRM) platform, has raised $26 million in a Series B financing round, bringing its total funding to $38.5 million. Redpoint Ventures led the round with participation from Series A investors Canaan Partners, Boldstart Ventures, and Social Leverage. Cisco Investments also joined as a new strategic investor. […]
NYU Opening New Inpatient Facility
NEW YORK — This Sunday, NYU Langone Health will open the doors to a new inpatient facility, the Helen L. and Martin S. Kimmel Pavilion, adding significantly to the healthcare space in New York City and offering private rooms for all patients. The building includes Hassenfeld Children’s Hospital—34th Street, the first children’s hospital built in […]
Bruno Magli Shoes to Open SoHo Store
NEW YORK — Bruno Magli, the Italian luxury shoe company, plans to open a 2,000 square-foot concept store in the chic SoHo shopping district of New York City on September 1, at 120 Wooster Street. Located in a prime location just steps away from designer fashion destinations Chanel, Gucci, Tiffany & Co. and more, the boutique will showcase the latest […]
Gotham Greens Blooms With $29 Million
BROOKLYN — Gotham Greens, an operator of urban greenhouses and grower of indoor produce, has closed $29 million in Series C equity funding. The new round brings the company’s total funding until date to $45 million, not including bank debt. Since its launch in 2011, Gotham Greens has grown from a single urban rooftop greenhouse in Brooklyn to a multi-state indoor farming […]
Reonomy Secures $30 Million Investment
NEW YORK — Reonomy, a provider of commercial real estate (CRE) data and analytics, has secured $30 million in Series C funding, led by Sapphire Ventures with participation from existing investors Bain Capital Ventures and Softbank Capital. Reonomy has now raised $68.4 million in funding to date, and has quickly established itself as one of the […]
Discovery to Move HQ to 230 Park Avenue
NEW YORK — Discovery, operator of cable networks Discovery Channel, HGTV, Food Network, TLC and more, has selected 230 Park Avenue South in New York’s Flatiron district as the location for its new global headquarters. Announced earlier this year, the company is moving its headquarters from Maryland to the Big Apple to be closer to advertising […]
Zurich Insurance Invests in CoverWallet
NEW YORK — Zurich Insurance Group has made an undisclosed investment in CoverWallet, a NY startup that makes it easy for businesses to understand, buy, and manage insurance online. Zurich has acquired a minority stake in the company. The investment follows a commercial partnership between CoverWallet and Zurich in Europe that was announced in February. Through the […]
Trump Charity Sued by NY Attorney General
NEW YORK – NY Attorney General Barbara Underwood has filed a lawsuit against the Donald J. Trump Foundation, and its directors, Donald J. Trump (now the President of the United States), his sons and daughters Donald J. Trump, Jr., Ivanka Trump, and Eric Trump. The petition filed alleges a pattern of persistent illegal conduct, occurring over […]
AT&T Completes Time Warner Buy
AT&T has completed its $85 billion acquisition of Time Warner Inc., just two days after a federal judge ruled against objections to the deal by the Department of Justice. The deal brings together global media and entertainment leaders Warner Bros., HBO and Turner with AT&T’s strong presence in technology and its video, mobile and broadband […]
Breather Gets Fresh $45 Million Investment
NEW YORK — Breather, a provider of flexible and private workspace, has raised approximately $45 million in fresh financing led by Menlo Ventures and other firms including Canadian pension fund la Caisse de dépôt et placement du Québec (“la Caisse”), Ascendas-Singbridge and Singapore national fund Temasek. Breather has raised nearly $120 million to date, with locations […]
Starbucks Launches Prepaid Card With Chase
Starbucks has partnered with Chase to launch a new prepaid debit card. The Starbucks Rewards Visa Prepaid Card is the first prepaid or debit product where you can earn Stars (reward points) outside of Starbucks. It is the only general purpose reloadable (GPR) prepaid product that allows you to earn Stars for purchases you make […]
Hello Alfred Welcomes $40 Million Round
NEW YORK — Hello Alfred, a New York-based service technology company building the first in-home assistant service, has closed a $40 million Series B funding round. The new investment was led by a syndicate of strategic partners, including real estate developers Divco West and Invesco. Early investors, including New Enterprise Associates (NEA) and Spark Capital, also […]