ClassPass, the monthly fitness subscription marketplace that features over 30,000 studios, gyms, and wellness providers, is being acquired by Mindbody, the technology platform that connects wellness providers to consumers and allows providers to manage their businesses. Terms of the transaction were not disclosed but it’s an all-stock deal.
23 new startup deals totaling ~$440M+ in new funding for NYC startups last week; several newly-minted unicorns. NYC Tech News for the week ending 10/9 featuring news for PERSUIT, Unacast, BrightHire, and much, much more.
For many, the pandemic has made us reevaluate how we view our living situations and our possessions. As millions flocked to remote lifestyles, they were also forced to downsize and shed items including clothing. Wardrobe is a peer-to-peer fashion rental marketplace that allows users to rent out their fashion items to aspiring fashionistas and earn. For renters, they are able to access high-end and unique items while participating in a sustainable circular economy at a time where $400B+ of clothing is discarded each year. The company, founded in 2018, uses retail dry cleaning locations as hubs for its service where renters can pick up and drop off clothing if they are in NYC. The dry cleaners also provide storage and cleaning while earning incremental revenue. Items can also be shipped nationwide for those not near a hub. Wardrobe charges ~35% of the rental fee as a service charge. AlleyWatch caught up with Wardrobe CEO and Founder Adarsh Alphons to learn more about how Wardrobe is making fashion more sustainable, the company’s celebrities influencers, strategic plans, latest funding round from investors that include Slow Ventures, Foundation Capital, Neil Parikh, and Leon Bridges.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 10/7/2021 featuring funding details for Wardrobe, IT Central Station, and much more. This page will be updated throughout the day to reflect any new fundings.
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 6/12/21 featuring funding details for Zenoti, PostHog, and twenty-five other rounds that you need to know about.
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 5/29/21 featuring funding details for CLub Feast, FarEye, Axle, LifeQ, and twenty-eight other rounds that you must know about.
Everything you need to need to know about the largest global startup funding rounds of Q1 2021; broken down by industry, stage, investors, and more…
Everything you need to need to know about the largest global startup funding rounds of March 2021; broken down by industry, stage, investors, and more…
$8.8B raised by NYC startups in Q1 in the single-best quarter in NYC history. Here are some of the leading startups that are scaling fast and attracting new capital.
$20.2B raised by US startups in March. Here’s a roundup of the largest funding rounds.
March 2021 was the single best month for NYC startup funding in history. These companies led the funding charge with 16 mega ($100M) rounds between them, raising $3.5B in aggregate during the month.