Daily business news in the Great State of New York!
Trader Joe’s has opened its newest store in the Harlem neighborhood of New York City. This is the tenth Trader Joe’s supermarket in NYC and will be open everyday from 8 a.m. to 9 p.m. The store is located at: 123 W 125th St Harlem, NY 10027 There are almost 600 Trader Joe’s supermarkets nationwide.
NEW YORK — Legacy, a digital fertility clinic for men, has secured $7.5 million in financing to power its mission to make male fertility services more accessible, including through the fulfillment of two recently signed contracts to serve over nine million veterans. Advised by a group of the world’s top fertility experts, Legacy provides sperm testing and freezing via […]
NEW YORK — Linx Security, a company specializing in modern identity security and governance solutions, emerged from stealth and has raised $33 million in funding. The round was led by Index Ventures and Cyberstarts, with investors also including entrepreneurs Mickey Boodaei (Imperva, Trusteer, Transmit) and Rakesh Loonkar (Trusteer, Transmit), as well as Cerca Partners and […]
NEW YORK — Macy’s, Inc. announced after months of discussions with Arkhouse Management Co. and Brigade Capital Management, its Board of Directors has unanimously determined to terminate discussions with Arkhouse and Brigade that have failed to lead to a deal and uncertainty about available financing. The Board intends for the management team to return its […]
NEW YORK — Adaptive, a financial automation platform for the construction industry, has secured a $19 million Series A funding round. The construction industry, faced with unique accounting and compliance requirements, is plagued by chronic payment delays and cash flow crunches, introducing significant risk and inefficiency to the build process that together amount to an […]
BROOKLYN – Maimonides Health announced that it has received three grants totaling more than $17 million from the New York State Office of Mental Health, Healthfirst, and Fidelis Care to expand critical behavioral health services, including by building a new Comprehensive Psychiatric Emergency Program (CPEP), a robust service approach to serving patients in behavioral health […]
NEW YORK — Shaped.ai, an AI recommendation and search platform for marketplaces, e-commerce, and content companies, has raised $8 million in funding and launched their new self-serve cloud product. Founded by AI veterans from Meta and Uber, Shaped helps enterprises leverage their own data, tap into large language models, and quickly and securely build relevant […]
NEW YORK – New York City Mayor Eric Adams, New York City Sheriff Anthony Miranda, and New York City Police Department (NYPD) Commissioner Edward Caban announced the results of enforcement actions taken last night against two illegal cannabis operators warehousing illegal cannabis and other products in the Throgs Neck area of the Bronx. Led by […]
Debevoise & Plimpton LLP — a New York-based law firm with over 900 lawyers — has elected eight new partners. Almas Daud, Morgan Davis, Andrew J. Gershon, Yana Mereminsky, Sheena Paul, Mai Shapiro, Paulina Stanfel and Jenny Wheater will become partners of the firm, effective July 1. Almas Daud is based in the London office and a member of the firm’s Finance Group. Her practice […]
NEW YORK — UiPath, an enterprise automation and AI software company, announced a restructuring to reduce operating expenses. These actions include an overall reduction of 10% of the Company’s global workforce of approximately 4,200 as of July 1, 2024, with most of this reduction expected to occur by the end of the first quarter of […]
NEW YORK — Canoe Intelligence, the financial technology company powering smarter alternative investment management, has completed a Series C financing round of $36 million, led by Growth Equity at Goldman Sachs Alternatives with participation from existing investors F-Prime Capital and Eight Roads. This latest round marks a significant milestone for Canoe, representing a more than […]
NEW YORK — Zoi Capital, a venture capital firm specializing in artificial intelligence (AI) solutions for healthcare, has raised $200 million for their Health AI Fund I. Founded by Mayo Clinic-trained cardiologist Dr. Ronald M. Razmi and Brian K. Beeler, former Executive VP and General Counsel of Horizon Therapeutics, the co-founders and Managing Directors share more than 50 […]
The NYU Food Environment and Policy Research Coalition and Food & Society at the Aspen Institute are launching Open Access NYC, a free portal with local resources to help food entrepreneurs establish and grow their businesses. The digital one-stop-shop provides current and aspiring small business owners with guidance on business planning, securing funding, obtaining permits and licenses, and sustainable growth. […]
NEW YORK – Sofitel New York, a luxury hotel in the heart of Manhattan, is launching a comprehensive refurbishment project. This initiative, coinciding with the 60th anniversary of Sofitel this year, marks a significant milestone for the brand, reflecting its commitment to dynamic and refined luxury under the leadership of CEO Maud Bailly. Sofitel New […]
NEW YORK — Gynger, which has developed an embedded financing platform for technology purchases, has raised $20 million in Series A funding, led by PayPal Ventures, with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures and Deciens Capital. Gynger plans to use the new funding to scale its team and operations and accelerate its vision of transforming […]