NY Governor Kathy Hochul and the Metropolitan Transportation Authority announced that the Second Avenue Subway expansion project that would extend the Second Avenue line to 125th St in East Harlem has moved to the Engineering phase of the project timeline. The Infrastructure Investment and Jobs Act signed by President Biden in November provided $23 billion […]
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Veho Secures $125 Million for Next-Day Delivery Technology
NEW YORK — Veho, a technology company that enables personalized next-day package delivery, has announced a $125 million Series A raise led by General Catalyst at a $1 billion valuation. Additional investors include Construct Capital, Bling Capital, Industry Ventures, Fontinalis Partners, and Origin Ventures. The funding will be used to hire more employees, expand from 14 to […]
Sports Betting in NY Starting Saturday
Get ready to place your sports bets in NY — online!!! The NYS Gaming Commission announced that four licensed Mobile Sports Wagering Operators – Caesars Sportsbook, DraftKings, FanDuel, and Rush Street Interactive – have satisfied all statutory and regulatory requirements necessary to accept and process mobile sports wagering activity and have been approved to commence […]
Jones Day Law Firm Adds 48 New Partners
Jones Day, one of the nation’s largest law firms with over 2,500 lawyers, announced that 48 lawyers will be admitted to partnership in the Firm as of January 1, 2022. Being a partner means a big increase in pay. Average compensation for law partners nationwide was $1,054,000 in 2020 according to a survey by legal […]
Macy’s Announces New Store Closings
Macy’s, the nation’s largest department store chain, announced the closing of six new Macy’s department stores and one Bloomingdale’s Outlet Store. At the end of the third quarter 2021, Macy’s said it had 794 stores, including Macy’s, Bloomingdale’s and Bluemercury. Below is the list of stores that the company will close this year. Macy’s Store […]
Cadwalader Elects 9 New Partners, Promotes 23 to Counsel
The New York law firm Cadwalader, Wickersham and Taft announced that 9 attorneys have been elected to the firm’s partnership, effective January 1, 2022. In addition, the firm promoted 23 attorneys to special counsel and counsel, creating the largest partner, special counsel and counsel promotion class in 15 years. Cadwalader is one of the top […]
Accounting Firm Berdon Names 7 New Partners
New York accounting firm Berdon LLP has named seven new partners effective January 1, 2022. Berdon has over 400 professionals and staff with offices in Manhattan and Long Island. “We are particularly pleased with the diverse group of new partners who, in their own unique ways, have demonstrated the technical excellence and innovative thinking that […]
Online Pharmacy DiRX Raises $10 Million
EAST BRUNSWICK, NJ — DiRx, an online pharmacy that delivers significant savings on commonly prescribed, FDA-approved generic medicines without the need for insurance, has raised a total of $10 million in Series A funding. This funding will help power the expansion and national market reach of DiRX’s innovative pharmacy model to more Americans. Similar to […]
Sullivan & Cromwell Names Two New Co-Chairs of Firm
NEW YORK — Sullivan & Cromwell LLP, one of New York’s largest law firms, announced that Robert Giuffra, Jr. and Scott Miller have become Co-Chairs of the firm, effective January 1, 2022. [Photo above: New co-chairs Robert Giuffra (left) and Scott Miller] Giuffra and Miller have served as Vice Chairs of the firm since January […]
Pryor Cashman Law Firm Elects Six New Partners
NEW YORK — Pryor Cashman, a law firm with headquarters at 7 Times Square, has elected six lawyers to become partners and elevated 11 lawyers to counsel. All promotions were effective as of January 1, 2022. Pryor Cashman Managing Partner Ronald H. Shechtman said, “This year has been an enormously successful one for Pryor Cashman. […]
Ampla Secures $40 Million Series A Funding
NEW YORK — Ampla Technologies, a provider of tech-enabled financing solutions for emerging consumer brands, has closed a $40 million Series A funding round, co-led by VMG Partners and Forerunner Ventures, with participation from existing investor Core Innovation Capital. This announcement brings the Company’s total funding to $380 million in equity and debt financing, which […]
Adventr Streaming Platform Lands $5 Million Seed Round
NEW YORK — Adventr, an interactive video communications software platform founded by Devo Harris, the Grammy Award-winning producer and media executive, has announced a $5 million seed round led by Paladin Capital and joined by Reinventure Capital, Invisible Ventures and music artist, John Legend. Adventr’s mission is to democratize the online video industry by providing low-cost, easy-to-use, interactive video creation, editing […]
Tiger Global Leads $5 Million Investment in GreenSpark Software
NEW YORK — GreenSpark Software, which has developed a software platform for the metal recycling industry, has raised $5 million in Series A financing, led by Tiger Global, to expand its employee base and product suite. Additional investors who participated in the round include Bienville Capital and select individuals. This round of fundraising brings GreenSpark’s […]
Carats and Cake Raises $19.3 Million
NEW YORK — -Carats & Cake, which develops marketing and point-of-sale financing solution for venues and property groups, has raised $19.3 million in financing led by Acrew Capital and Founders Fund. The financing will help the B2B company to expand its role as a full-stack partner to event venues and property groups driving client discovery and marketing […]
1883 Sets Paramount+ Viewer Records
NEW YORK — Paramount+, the streaming service from ViacomCBS, announced Sunday’s premiere of the highly anticipated “Yellowstone” prequel, 1883, broke a new record for the service as its most-watched original series premiere ever, up more than double over the previous record, across the service’s owned and operated platforms, with additional third party reporting still to […]