Daily business news in the Great State of New York!
NEW YORK — NewtonX, a business-to-business (B2B) market research and intelligence company, has closed a $32 million Series B funding round. The round is led by Marbruck Investments with support from Level One Fund backed by UBS O’Connor, Gaingels, and Heliad Partners. Existing investors Two Sigma, Third Prime, XFund, Story Ventures and Switch participated as well. This round brings NewtonX’s total amount of funding to $47 […]
NEW YORK – Cockroach Labs, the company behind the leading cloud-native distributed SQL database CockroachDB, has landed $278 million in Series F funding at a valuation of $5 billion. The investment round was led by Greenoaks with participation from Altimeter, BOND, Benchmark, Coatue, FirstMark, GV, Index Ventures, J.P. Morgan, Lone Pine Capital, Redpoint Ventures, and […]
NEW YORK —The Juilliard School, one of the nation’s top performing arts colleges, has received a grant of $50 million for its Music Advancement Program (MAP) from Crankstart. This transformational grant furthers MAP’s mission to increase access to arts education for communities historically underserved and underrepresented in classical music. Crankstart is family foundation based in […]
NEW YORK — Andie, a swimwear and underwear brand created for every woman, every activity and every body, has landed an $18.5 million Series B funding. The round was led by Marcy Venture Partners with participation from previous investors including CityRock and Gaingels. Celebrated for its meticulous fit process backed by 1.5 million data points […]
SCHENECTADY — French investment group Eurazeo is acquiring a controlling stake in Beekman 1802, a clean beauty brand offering a line of goat milk-based skincare and body care products with headquarters in Schenectady. Eurazeo is investing $62 million out of a total of $92 million to acquire a majority stake alongside co-investors Cohesive Capital Partners […]
NEW YORK — Gemini, a cryptocurrency platform, announced it raised a $400 million growth equity round last month, its first-ever outside financing, led by Morgan Creek Digital with participation from 10T, ParaFi, Newflow Partners, Marcy Venture Partners, and the Commonwealth Bank of Australia, among others. This round values the company at $7.1 billion. Launched in 2015 by twin […]
Hyatt Hotels Corporation has officially opened the Hyatt Place New York Chelsea. The new 510-room, 45 story hotel offers business and leisure travelers contemporary rooms equipped with modern technology, blush bedding, dedicated work and seating areas and some of the best, unobstructed views of the Empire State Building and One World Trade. Guests can enjoy […]
NEW YORK — Rebag, a website for buying, selling and trading luxury items, has landed a $33 million Series E funding round, led by private equity firm Novator, with participation from existing investors including General Catalyst. This brings the company’s total funding raised to $101 million. Rebag also operates retail stores in NYC, Miami, Greenwich […]
NEW YORK — The Empire State Building (ESB), in partnership with Bank Street College of Education, has updated, interactive lesson plans for student group visits to its brand new $165 million Observatory upgrade. The curriculum follows New York State Learning Standards for STEAM (science, technology, engineering, arts, and mathematics) and social studies curricula and has grade level appropriate lesson plans for elementary, […]
NEW YORK — Claroty, a cybersecurity company for cyber-physical systems (CPS) across industrial, healthcare, and enterprise environments, announced Rockwell Automation, the world’s largest company dedicated to industrial automation and digital transformation, as a co-lead investor in its $400 million Series E funding round. The round brings the company’s total funding to $635 million, making it the most well-funded cybersecurity […]
NEW YORK — Financial data and media firm Bloomberg LP has signed a 191,207 square foot expansion lease at 919 Third Avenue (Photo above) covering the entire 28th through 33rd floors. This expansion increases Bloomberg’s commitment at 919 Third Avenue to 748,415 square feet. 919 Third Avenue is owned by developer SL Green. Designed by […]
ROCHESTER — Venture For ClimateTech announced its first cohort of climate tech innovators has graduated from the program and secured more than $8.6 million of funding outside of the program. It also announced it is now recruiting for its second cohort of companies to participate in this non-profit global venture studio and accelerator program with […]
NEW YORK – American Express Global Business Travel (“GBT”), the world’s leading Business-to-Business travel platform, plans to go public in 2022 with special purpose acquisition company (SPAC) Apollo Strategic Growth Capital (NYSE: APSG) . The combination is expected to create the world’s largest publicly traded B2B travel platform, which plans to list on the New […]
NY Governor Kathy Hochul announced masks will be required to be worn starting Monday in all indoor public places unless businesses or venues implement a vaccine requirement. This a major action to address the winter surge comes as COVID-19 cases and hospitalizations rise statewide to be in alignment with the CDC’s recommendations for communities with substantial and high transmission. The […]
NEW YORK — Spark Design honors the world’s best designed products with the 15th annual Spark Design Awards. Of the many themes submitted, Spark Judges were encouraged to find designers addressing social, health and environmental changes head-on. Well-known companies like IBM, Fitbit, Samsung, SOM, Philips/Signify, Google, Pepsico, HP and Polestar submitted their products along with smaller firms […]