Daily business news in New York
BROOKLYN — Amplify, a publisher of next-generation curriculum and assessment programs, has raised a Series C funding round led by media and automotive company Cox Enterprises. Cox joins Amplify’s current investors, including Emerson Collective, Learn Capital, and A-Street Ventures. The amount raised was not disclosed. The funding will support Amplify in continuing to expand the […]
TROY, NY — A former punter for the Rensselaer Polytechnic Institute (RPI) football team has made a $1 million gift to his alma mater’s football program. The gift — made by successful businessman Brendan Keegan, RPI Class of 1991 and his wife, Dana Keegan — is by far the largest gift ever received in the […]
NEW YORK — Antimetal, a cloud cost optimization platform for users of Amazon Web Services (AWS), emerged from stealth and has raised a $4.3 million seed round led by Framework Ventures. Additional participants include Chapter One and IDEO CoLab Ventures, amongst others. While in private beta, Antimetal’s platform helped 35+ companies—from startups to Fortune 500s—cut cloud costs by […]
NEW YORK — AvantGuard, a fast-growing company in the antimicrobial industry, has completed a $2.85 million seed funding round. The funds will be used to accelerate the development and expansion of its innovative antimicrobial chemistries, as well as to hire additional scientists to further develop the product and expand the company’s global reach. The round […]
NEW YORK — Novata, a technology platform and public benefit corporation that provides the private markets with a cutting-edge Environmental, Social and Corporate Governance (ESG) solution, has announced a Series B funding round with $30 million. This significant capital raise enables Novata to meet the private markets’ critical need for a simple and secure data […]
NEW YORK – Transcend Therapeutics, a biotechnology company that develops medicines to treat neuropsychiatric diseases, including post-traumatic stress disorder (PTSD), has recently closed a Series A funding round of $40 million. Led by Alpha Wave Global and Integrated Investment Partners, this funding round will enable Transcend to launch multiple clinical trials, including a phase II study, with […]
NEW YORK — itselectric, a Brooklyn-based electric vehicle curbside charging company, has landed a $2.2 million pre-seed round to provide curbside EV charging specifically built for cities. The raise was led by Brooklyn Bridge Ventures with participation from The Helm, XFactor, Graham & Walker, Clean Energy Venture Group, and Pericles among others, and will allow itselectric to focus on the deployment of pilot programs in major […]
NEW YORK — Fynn, a lender providing private student loans for America’s skilled workforce, has closed an $11 million seed round and $25 million debt facility. Lead investors include Y Combinator, Susa Ventures, Village Global, Tenacity Venture Capital, and Watchfire Ventures. The seed funding will be used to expand Fynn’s services across the United States and to support students looking to further their education. As the U.S. […]
NEW YORK — BlocPower, a climate technology company focused on greening America’s buildings, has raised $150 million, including over $24 million of Series B corporate equity led by VoLo Earth Ventures and $130 million of debt financing led by Goldman Sachs. Microsoft Climate Innovation Fund, Credit Suisse, Builders Vision, New York State Ventures, Unreasonable Collective, Kimbal and Christiana Musk, Gaingels, Van Jones, Kapor Capital, My […]
BROOKLYN — Litify, which has built an end-to-end legal operating platform, announced that venture firm Bessemer Venture Partners has acquired a majority stake in the company as it achieves profitability and continues its next phase of growth. With the backing of Bessemer, Litify plans to bolster its unique market position as the only secure and […]