Funding

Chief Nabs $15 Million Investment

NEW YORK —  Chief, which operates a private social network for female executives, has secured $15 million in new funding from all of its existing investors, including General Catalyst, Inspired Capital, GGV Capital, Primary Venture Partners, Flybridge Capital and BoxGroup. This latest round brings Chief’s total funding to $40 million. Headquartered in NYC, Carolyn Childers […]

Funding

Spruce Scores $29 Million

NEW YORK – Spruce, which operates a national platform for enabling online real estate transactions with title and escrow solutions, has raised $29 million in Series B funding led by Scale Venture Partners, with participation from Zigg Capital, Bessemer Venture Partners, and Gramercy Ventures. The new funding will support the company’s expansion, accelerate development of […]

Funding

Fire Hydrant Lands $8 Million Series A

NEW YORK — Fire Hydrant announced an $8 million Series A funding round from Menlo Ventures and Work-Bench to simplify the management of complex systems for businesses everywhere from startups to Fortune 500 companies. Fire Hydrant plans to use the new funding to hire talent, build exciting new features, and upgrade its existing product to […]

Airlines

JetBlue to Keep Middle Seat Empty

NEW YORK — For those afraid to fly now, JetBlue says it will extend through the July 4 holiday its commitment to seat distancing by blocking middle seats in rows where parties are not traveling together. The policy, part of the airline’s multi-layered “Safety from the Ground Up” program, comes as the airline is also […]

Funding

MakeSpace Makes Room for $55 Million

NEW YORK — MakeSpace, an on-demand storage company, has raised $55 million in equity financing and some debt from the global leader in storage and information management services, Iron Mountain, with participation from 8VC, Upfront Ventures, Maywic Select Investments, Ten Eighty, Provenio Capital, and CX Collective. This new funding follows a year of big growth […]

Government Schools

Summer Schools in NY Will Stay Online

Governor Andrew Cuomo announced summer school in NY will be conducted through distance learning this year to help reduce the risk of coronavirus. Meal programs and child care services for essential employees will continue. School districts must also develop a plan for students with disabilities who participate in extended summer school year programs over the […]

Funding

Northspyre Nabs $7.5 Million in Funding

NEW YORK — Northspyre, a cloud-based intelligence platform for real estate owners, developers and project management firms, has raised $7.5 million in Series A funding led by Craft Ventures, with participation from Tamarisc Ventures. Northspyre is trying to disrupt traditional commercial real estate project delivery with modern technology, automation and data-driven proactive insights. Since launching […]

Government

NYS Pays Out $10 Billion in Unemployment Benefits

ALBANY –  The New York State Department of Labor announced that the backlog of pending unemployment benefit applications has been reduced to 7,580 — representing major progress since an unprecedented crush of applications related to the COVID-19 pandemic flooded the DOL’s systems in March. This universe of unprocessed applications includes those that are missing critical information […]

News

Hershey’s Ranked Top Consumer Goods Brand

NEW YORK — Hershey’s ranked the top consumer goods brand in the U.S. folllowed by Kellogg’s and Ben and Jerry’s according to a study by brand marketing firm MBLM. The consumer goods industry ranked fifth out of 15 industries studied in MBLM’s Brand Intimacy 2020 Study, which is the largest study of brands based on emotions. With surging […]

Government

NY State Revenue Dropped 68% in April

According to the monthly cash report released by State Comptroller Thomas DiNapoli, significant revenue declines occurred for New York in April as a result of the COVID-19 pandemic and the three month extension of the state income tax filing deadline. All governmental funds monthly tax receipts totaled just $3.7 billion, falling $7.9 billion or 68.4 percent from […]