Daily business news in the Great State of New York!
NEW YORK— DailyPay, a provider of on-demand pay services for businesses, has secured $500 million of capital which includes a $175 million Series D equity round led by Carrick Capital Partners with participation from existing investors. In addition, the company also raised $325 million of credit capital from various sources. The Company plans to invest its newly raised capital […]
NEW YORK — American Express and the National Trust for Historic Preservation have chosen 25 historic and culturally significant restaurants in the U.S. owned by underrepresented groups that will receive funding through the “Backing Historic Small Restaurants” Grant Program. Each restaurant will receive $40,000 in grants funded by American Express and administered by the National […]
NEW YORK — The Goldman Sachs Group announced the initial foundational grant, capital investments and philanthropic grants for the One Million Black Women initiative, which has committed more than $10 billion to advance racial equity and economic opportunity by investing in Black women. The One Million Black Women Advisory Council, which consists of 17 Black business and community […]
NEW YORK — Owen’s Craft Mixers, makers of premium, all-natural cocktail mixers, has closed a fundraising round of $7.5 million led by country music star Lee Brice, Grammy Award-winning singer and songwriter Darius Rucker, NHL legend Mario Lemieux, Levy Family Partners and Maas Family Office – owners and creators of RumChata. The NY-company plans to […]
HBO Max announced it will debut an ad-supported version of its streaming subscription service the first week of June. Consumers will have a choice between the existing ad-free version of HBO Max at $14.99 per month, or an ad-supported experience for $9.99 per month. Both HBO Max tiers offer access to original programming, as well […]
NEW YORK — JetBlue is beginning its long-awaited transatlantic service to the United Kingdom with nonstop flights between New York’s John F. Kennedy international Airport (JFK) and London Heathrow Airport (LHR) starting August 11, 2021. JetBlue will serve both of London’s major airports with nonstop service between New York-JFK and London Gatwick Airport (LGW) starting […]
NEW YORK — Life Time — a fitness chain known for its supersized clubs – has opened its third New York City location in less than six months, and fourth in the city with a new NoHo club in Cooper Square. Life Time is investing in New York City with plans to bring six new clubs to the city […]
Bank of America, one of the nation’s largest banking companies, has named Jose Tavarez (photo above) as President of Bank of America New York City and Westchester County. As New York City President, Tavarez will be responsible for connecting the banking and investment resources offered through the bank’s eight lines of business to individuals, families […]
The New York City subway system has returned to full 24-hour service as of Monday morning for the first time in over a year. On May 6th, 2020 the subway system had been closed nightly from 1 a.m. to 5 a.m. for enhanced cleaning and disinfecting of the subway due to coronavirus. On February 22, […]
NEW YORK — SL Green Realty Corp. announced that IBM’s new spinoff company — with the bizarre name Kyndryl — has signed a 22,531-square-foot, 9-year lease, covering a portion of the 15th floor at One Vanderbilt Avenue for its new global headquarters. One Vanderbilt, the recently opened skyscraper across from Grand Central Terminal at 42nd Street […]
Disney Theatrical Productions announced that The Lion King returns to Broadway’s Minskoff Theatre on September 14, 2021, and will be among the first shows to resume performances; while Aladdin resumes performances at Broadway’s glorious New Amsterdam Theatre on September 28, 2021. Tickets for both shows are on sale now. The Lion King and Aladdin are two of the longest-running shows on […]
NEW YORK — Onda, maker of canned sparkling tequila drinks, has scored a $5 million Series A financing led by Aria Growth Partners, a leading consumer growth equity firm, and Sweet Leaf Tea founder Clayton Christopher. 25madison, a venture studio and founding partner, also participated in the Series A round. The investment will support Onda, […]
TROY, NY — UCM Digital Health, a provider of emergency telemedicine and virtual care solutions based upstate in Troy, has completed a $5.5 million series A funding round led by Armory Square Ventures (ASV). Also participating in the round were Contour Ventures and River Park Ventures. Contributing a deep expertise in emergency medicine, UCM Digital […]
NEW YORK — Eyenovia, Inc. a clinical stage ophthalmic biopharmaceutical company developing a pipeline of microdose array print (MAP) therapeutics, has entered into a new $25 million credit financing facility with Silicon Valley Bank (SVB). Eyenovia is publicly traded on the Nasdaq Stock Exchange under the symbol EYEN. “This non-dilutive credit facility provides us with […]
The National Football League announced that Amazon Prime Video will be the exclusive home of Thursday Night Football beginning with the 2022 season. Amazon will feature Thursday night’s NFL game across hundreds of compatible digital devices. The NFL’s original agreement with Amazon, announced as part of a larger series of media distribution deals this past March, […]