Daily business news in the Great State of New York!
NEW YORK – Schrödinger, a privately held company working on new drug discovery through advanced molecular simulations, has closed an $85 million financing to support continued growth and innovation of its computational platform and expansion of its drug discovery pipeline. The Bill and Melinda Gates Foundation Trust and WuXi AppTec’s Corporate Venture Fund co-led the […]
NEW YORK & SEATTLE — Investment firm KKR and Altavair AirFinance, a leader in commercial aviation finance, have agreed to form a venture for leased commercial aircraft. KKR will make a $1 billion capital commitment primarily from its credit and infrastructure funds, which may be supplemented with additional commitments over time, to acquire commercial aircraft […]
NEW YORK — RapidSOS has secured a $30 million Series B funding round to expand its advanced emergency technology platform. The funding was led by Playground Global, with participation from Highland Capital Partners, M12 (Microsoft’s Venture Fund), Two Sigma Ventures, Forte Ventures, The Westly Group, CSAA IG, and notable individuals including three former FCC Chairmen and Ralph de la Vega – former […]
NEW YORK — Healthy food delivery service Kettlebell Kitchen has closed on a $26.7 million Series B growth equity round of financing led by North Castle Partners, a Greenwich-based private equity firm focused on consumer businesses that promote healthy, active and sustainable living. Kettlebell Kitchen is a nationwide provider of healthy prepared meals and custom […]
NEW YORK — Goldbelly, an online food marketplace that connects iconic regional and local food providers to consumers around the country, has raised $20 million in Series B funding led by Enlightened Hospitality Investments (EHI), the fund formed by legendary restaurateur Danny Meyer’s Union Square Hospitality Group. Existing investors Intel Capital, 500 Startups and 645 Ventures […]
NEW YORK — Compass, a real estate technology company, has scored a $400 million Series F financing round led by the Softbank Vision Fund and Qatar Investment Authority (QIA), with participation from Wellington, IVP and Fidelity. This investment will bring the total capital raised to nearly $1.2 billion. Compass plans to use the capital to […]
NEW YORK — Launchmetrics, a developer of technology to measure marketing campaigns and social media influencers, has closed a $50 million investment from Bpifrance, Seventure, Cipio Partners and Famille C (Famille Courtin-Clarins). The company plans to use the funding to expand global reach, accelerate product growth and innovation, as well as hire additional sales & […]
NEW YORK — Knewton, a developer of educational software for college students, has closed its latest financing round, which includes up to $25 million in capital. Knewton plans to use the funding to expand Alta, the company’s adaptive learning courseware for higher education, which made its U.S. debut in January 2018. The financing round was led by […]
NEW YORK — Peloton, the fitness company offering exercise bikes, treadmills and classes via online streaming, has raised a $550 million Series F financing round. The company will use the funds to expand into more international markets. The investment was led by TCV. Nearly all of Peloton’s existing institutional investors, including Tiger Global, True Ventures, Wellington Management, Fidelity (FMRCo), NBCUniversal, Kleiner […]
NEW YORK — Private equity firm Sycamore Partners says it has closed its third fund, Sycamore Partners III, L.P. (“Fund III”), with $4.75 billion of limited partner capital commitments. Sycamore Partners is based in New York specializing in consumer and retail investments. Sycamore has an investor base of prominent endowments, foundations, funds of funds, family offices, insurance companies, pension plans […]
NEW YORK — Centivo, which is developing a new type of health plan for employers, has raised $34 million in Series A funding. Bain Capital Ventures led the financing round, with additional investments from F-Prime Capital Partners, Maverick Ventures, Bessemer Venture Partners, Ingleside Investors, Rand Capital (NASDAQ: RAND), Grand Central Tech Ventures, Oxeon Investments, and several individual investors, including industry […]
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 […]
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, […]
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. […]
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 […]