There were 405 acquisitions of New York companies in 2019, down from the 409 in 2018. Today, I shine a spotlight on 22 of these notable transactions involving NYC startups that were acquired during 2019. I have included the acquiree, the acquirer, transaction amount (when available), time from founding to exit (the average for this group was 6.14 years), as well as investors and total funding raised by the target.
Billie, the subscription women’s shaving and grooming company, has agreed to be acquired by Procter and Gamble (P&G). The terms of the transaction were not disclosed. “We’re thrilled by the prospect of joining P&G to bring high-quality products at affordable prices to women around the world. Their ability to create global household brands that have […]
Teckst, the enterprise omnichannel real-time messaging platform, has been acquired by SF-based LiveVox. Terms of the transaction were not disclosed. “LiveVox’s focus on making omnichannel engagement easy for businesses aligns with Teckst’s mission to simplify contextual human-to-human messaging between brands and their customers. Joining Teckst’s mobile messaging functionality with LiveVox’s holistic omnichannel ecosystem will provide […]
CoverWallet, the digital insurance platform for small and medium-sized businesses, has been acquired by Aon, the global professional services firm providing a broad range of risk, retirement and health solutions. Terms of the transaction were not disclosed and the deal is expected to complete in early 2020. “We started CoverWallet to reinvent commercial insurance. By […]
Custora, the customer analytics platform for brands has been acquired by Seattle-based Amperity, the AI-powered customer management platform. Terms of the transaction were not disclosed. “We have a similar mission at Custora – to help brands improve customer relationships through a deep understanding of who they are and how to connect with them as individuals. […]
Squarespace has acquired Unfold, the app for creating engaging stories for Facebook, Instagram, and Snapchat. Terms of the transaction were not disclosed. “Unfold and Squarespace share the same DNA and vision for empowering creators. Together, we’ll continue to rethink how people share stories to connect and inspire. We couldn’t be more excited for this new […]
Food52, the content and commerce destination for those interested in cooking and food that has an active community of over 16M, has been acquired by TCG Capital Management, an affiliate of The Chernin Group, the media holding company founded by broadcast executive Peter Chernin in 2009. The exact terms of the transaction were not disclosed […]
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WeWork or The We Company has agreed to acquire Spacious, the coworking outfit that offers space in restaurants during the day. Terms of the transaction were not disclosed but the Information has reported that the transaction was worth $42M; half in stock and half in cash. “In WeWork, we have found much natural alignment across […]
littleBits Electronics, the open-source library and maker of electronic modules and kits to foster STEM learning, has been acquired by Boulder-based Sphero. The terms of the transaction were not disclosed. “When I studied engineering, it was top-down, test-based,” said Ayah Bdeir, founder of littleBits. “I hated it and wanted to quit every semester. Then I […]
Good Uncle, the on-demand food delivery service serving college campuses, has been acquired by food service titan Aramark. The terms of the transaction were not disclosed. “Good Uncle strengthens our ability to offer quality and convenience through services that allow our college consumers to order restaurant-quality food and have it delivered when and where they […]