Funding

Comcast Leads $10.6 Million Round in Hive

NEW YORK — Hive, which operates a business productivity platform, has raised a $10.6 million Series A round, bringing total funding to $16.7 million. Comcast Ventures led the round with participation from existing seed investors Tribeca Venture Partners, Vocap Investment Partners, and Rembrandt Venture Partners. Hive says the company quintupled revenue in the past year, […]

Funding

Banza Pasta Lands $20 Million Investment

NEW YORK — Banza, a line of pasta made from chickpeas, has landed $20 million in growth funding, led by Enlightened Hospitality Investments — the growth equity fund affiliated with Danny Meyer’s Union Square Hospitality Group – and Prelude Growth Partners — a consumer product goods focused growth equity fund. The capital will be used to grow Banza’s team, […]

Funding

Mirror Reflects On $34 Million Round

NEW YORK — MIRROR, which sells an in-home fitness video screen, has secured $34 million in Series B-1 financing led by Point72 Ventures. Other participants in the round include lululemon; supermodel, entrepreneur and philanthropist Karlie Kloss; Kevin Huvane, founder of Creative Artists Agency; Steve Lockshin, accomplished angel investor; media investors, LionTree LLC; as well as […]

Offices Real Estate

LinkedIn Expands for Eighth Time at Empire State Building

NEW YORK – Empire State Realty Trust announced that business networking site LinkedIn has signed its eighth expansion lease at the Empire State Building, adding three and a half floors and 188,653 square feet to its current campus. Since 2011, LinkedIn has grown to 501,600 square feet in total at the Empire State Building. The […]

News Sports

MSG Wants to Spin Off Knicks, Rangers Into Separate Company

NEW YORK — The Madison Square Garden Company announced that it is pursuing a revised plan for the proposed separation of its sports and entertainment businesses. The company owns the NY Knicks and NY Rangers sports teams plus the Madison Square Garden arena and Radio City Music Hall in NY. The Company is now pursuing […]

Airlines Transportation

New Delta Concourse Set to Debut at LaGuardia

NY Governor Andrew Cuomo earlier this week unveiled the first new concourse and gates at Delta Air Lines’ new Terminal C as part of the ongoing $8 billion transformation of LaGuardia into a 21st century airport. This opening is the latest milestone in the complete rebuild of LaGuardia Airport, which will provide modern customer amenities, […]

Funding

Blueground Scores $50 Million for Furnished Apartments

NEW YORK — Blueground, a company offering extended-stay furnished apartments, has closed a $50 million Series B funding round. The round was co-led by WestCap Investment Partners and Prime Ventures. WestCap’s founding partner, Laurence Tosi, is an experienced investor and operator, who served as the long time CFO of private equity firm, Blackstone, and subsequently, as the CFO of […]

Retail

Nordstrom Flagship Store Opens on 57th Street

NEW YORK — Department store chain Nordstrom has opened the doors to its first-ever flagship store for women and children in New York City. Located at 225 West 57th Street, across from Nordstrom’s Men’s Store which launched in April 2018, the new store occupies the base of Central Park Tower, the tallest residential building in the […]

Funding

IAC Leads $22 Million Funding in Newly Branded Thimble

NEW YORK — Verifly, which offers short-term liability coverage for small businesses and independent workers, is changing its name to Thimble, and has also raised $22 million in Series A funding. The funding was led by NY Internet conglomerate IAC, with participation from existing investors including Slow Ventures, AXA Venture Partners, and Open Ocean. “We’ve […]

Funding

Flashpoint Secures $34 Million

NEW YORK — Flashpoint, a provider of Business Risk Intelligence (BRI), has secured $34 million in new financing and investment. In addition to the company’s raise of $6 million in new equity from investors, Bank of Montreal’s (BMO) Technology and Innovation Banking Group has provided $28 million in debt financing. Flashpoint plans to use this […]