YieldStreet, the alternative investment platform for retail investors, has agreed to acquire Athena Art Finance from the Carlyle Group and its co-investors for $170M. “Athena is the leading provider of credit solutions for the global art market and has scaled the business with strong growth and asset performance. Art financing is an attractive asset class […]
Exits
Trilogy Education Acquired by 2U for $750M
Trilogy Education, a white-label platform for universities to offer educational bootcamps for coding, data analytics, UX/UI, and cybersecurity, has been acquired by 2U, a diversified education technology company, for $750M. The deal is a combination of cash ($400M) and stock ($350M). “By joining forces with 2U, Trilogy Education can empower universities to reach more students, […]
LonelyPlanet Acquires NYC Startup TRILL Travel to Unlock Influencer Marketing
Lonely Planet has agreed to acquire TRILL Travel, the visual technology that makes photographs on Instagram instant bookable travel experiences. Terms of the transaction were not disclosed. “Lonely Planet is the perfect platform to fully realize the potential of TRILL. I’m extremely excited to be part of this new chapter at Lonely Planet and look […]
WeWork Acquires Office Management Platform Managed by Q
WeWork has agreed to acquire Managed by Q, the platform for office management. Terms of the transaction were not disclosed but sources indicate that the deal is a combination of equity and cash.
Bustle Digital Group Acquires The Outline in its Latest String of Acquisitions
Bryan Goldberg and Bustle have scooped up The Outline, a digital news publication launched in 2016 by Joshua Topolosky. Terms of the transaction were not disclosed but all signs point to this being an acquihire as The Outline shed the majority of its staff in the Fall of 2018.
McDonald’s Acquires Dynamic Yield for $300M+
AI-powered personalization platform Dynamic Yield has been acquired by McDonald’s. The terms of the deal were not publicly disclosed but sources with knowledge of the transaction have pegged the total amount to be north of $300M. “We started Dynamic Yield seven years ago with the premise that customer-centric brands must make personalization a core activity. We’re […]
Fullstack Academy Acquired by Bridgepoint Education for ~$50M
Coding bootcamp Full Stack Academy has been acquired by higher education company Bridgepoint Education in a transaction that has a potential value of approximately $50M. The terms of the deal include $17.5M in cash along with 2.5M shares of Bridgepoint, which is currently trading at $6.74 as of this writing (an additional $16.85M). The acquisition […]
Spotify Acquires Gimlet Media and Anchor as it Embarks on a Podcasting Buying Spree
Streaming music service Spotify has acquired two NYC podcasting startups – Gimlet Media and Anchor. Terms of the transactions were not disclosed but reports pegged Gimlet’s acquisition price to be north of $200M
The Laundress Just Sold to Unilever for $100M and Never Raised a Single Dollar of VC Money
Not a single dollar. Zero, nada, nil…
These are the Tech IPOs from 2018 You Need to Know About
Today, we take a look at the major tech IPOs from 2018. The IPOs were few and far between in the overall market. We shine a spotlight on the eight tech companies that were able to debut their offerings on the Nasdaq and NYSE in 2018 as we anticipate some major IPOs for 2019 (Uber […]
Fintech Startup Quovo Acquired by Competitor Plaid for ~$200M
Eight days into the new year and we have our first NYC Tech acquisition of 2019.