Daily business news in New York
NEW YORK — Mundi, a financial services platform for cross-border trade, has raised a $100 million warehouse facility from Silicon Valley Bank This will enable the company to expand and support its growth. “We are very excited to partner with Silicon Valley Bank in advancing our mission to empower SMEs to trade globally,” said Martin […]
NEW YORK — Music superstar Billie Eilish is launching her first perfume in partnership with Parlux called Eilish. The 19-year old from Los Angeles has been obsessed with scent her entire life, from a fascination with perfume bottles as a child to collecting hundreds of fragrances as she toured the world. To bring her first […]
NEW YORK — Electric, a provider of IT technology for small and medium-sized businesses, has raised $90 million in Series D funding. Existing investor GGV Capital led the round, with participation from existing investors Bessemer Venture Partners, Primary Venture Partners, Greenspring Associates, 01 Advisors, Atreides Management, Vintage Investment Partners and Slack, bringing Electric’s total amount raised […]
NEW YORK — Accounting firm Mazars announced that effective September 1, 2021, John Confrey, Rachel Efthemes, Timothy Evans, Melissa Gonzalez, Benjamin Hutterer, Samuel Pizzichillo, and Stephen Saluccio have been named Partners and Shiv Venkatraman has been named a Principal. “Each of the individuals named Partner or Principal this year has demonstrated a commitment to living The Mazars Way – not only delivering exceptional client service […]
NEW YORK — Clyde, a product lifecycle platform, has raised $41 million, including $25 million in Series B funding and $16 million in working capital, to enable merchants to create product lifecycle programs that grow revenue and drive loyalty. The funding round was led by Headline, with participation from Vulcan, Spark Capital, Crosslink and other […]
NEW YORK — WattBuy, a clean energy platform that helps consumers select more sustainable, affordable energy options, has raised $10 million in additional investment for its Series A round of funding. The round was led by SE Ventures, a venture capital fund backed by Schneider Electric, along with MCJ Collective. Existing investors also participating in this […]
NEW YORK — Ohi, an instant commerce platform that enables brands to meet their customers’ expectations of superfast delivery in under two hours, has completed a $19 million Series A funding round. Ohi will use the funds to expand its US operations to enable near-instant delivery of everything from CPG products to luxury goods in […]
United Airlines has announced the largest transatlantic expansion in its history, including 10 new flights and five new destinations – Amman, Jordan; Bergen, Norway; Azores, Portugal; Palma de Mallorca, Spain and Tenerife in the Spanish Canary Islands. All of the new routes – which are set to begin in Spring 2022 – are not served by any other North American carrier. […]
NEW YORK — Macy’s, Inc., the nation’s largest department store company, plans to hire 76,000 full- and part-time employees for the holidays at its Macy’s, Bloomingdale’s and Bluemercury stores along with call centers and distribution and fulfillment centers. Approximately 48,000 of these positions are for the holiday season, while the remaining jobs are permanent opportunities […]
ARMONK, NY — IBM has announced a suite of environmental intelligence software that leverages Artificial Intelligence (AI) to help organizations prepare for and respond to weather and climate risks that may disrupt business, more easily assess their own impact on the planet, and reduce the complexity of regulatory compliance and reporting. Companies are facing climate-related […]