Men’s fashion brand Bonobos bought by Walmart for $310M
This week, Walmart announced it bought NYC-based clothing company Bonobos for $310 million. For the past 10 years, Bonobos has placed an emphasis on its online ethos, which caught the attention of Walmart as it faces competition from Amazon. [The New York Times]
New York City mayor announces 10-year plan to invest in tech
“New York Works” is the city’s latest initiative that plans to build 100,000 jobs over the next 10 years. It was created as a way to grow the city’s middle class and keep up with evolving technology. The focus is on industries with high wages and job potential, such as cybersecurity and life sciences. [City of New York]
New York City to Host Biggest Real Estate Technology Gathering Ever
Real estate tech leader MetaProp NYC announced the date and location for its third annual Real Estate Tech Week. The event is scheduled for Oct. 2-13 and will be held at various venues throughout New York City’s boroughs and suburbs. It will bring together industry stakeholders, entrepreneurs and thought leaders and connect real estate decision makers from all sectors with the most innovative startups and technology companies. [cre.tech]
Fundings of the week
Vice Media, $450 million.
Investor: TPG (formerly Texas Pacific Group)
Vice Media, the leading global youth media company, just raised $450 million. The funding will help the company meet its goal for 2018, which is to deliver content in 80 countries and become the “largest millennial video library for content.” [Built In NYC]
Freshly, $77 million.
Investors: White Star Capital, Highland Capital Partners, Insight Venture Partners, Nestle
Freshly, a meal delivery service that brings chef-cooked, healthy meals right to users’ doorsteps, currently has an estimated 400 employees and delivers to 28 states. The series C funding will help fuel their plans to expand nationwide. [Built In NYC]
FuboTV, $55 million.
Investors: Sky, Scripps Networks, 21st Century Fox, Northzone
Digital streaming service fuboTV announced a $55 million Series C. The company plans to use the funding to create new products designed specifically for viewers watching sports games. [Built In NYC]
Augury, $17 million.
Investors: Hartford Steam Boiler, Munich Re / HSB Ventures, Eclipse
Augury, a company that provides machines with the awareness to optimize their own maintenance, announced a $17 million Series B. They’ll be using it to develop strategic partnerships and build thought leadership in mechanical diagnostics. [Built In NYC]
Casper, $170 million.
Investors: Irving Investors, Andre Iguodala, Shaun White, Kyrie Irving, Melo7 Tech Partners LLC, Curtis "50 Cent" Jackson, Kevin Spacey, New Enterprise Associates, Lerer Hippeau Ventures, Norwest Venture Partners - NVP, IVP (Institutional Venture Partners), Tresalia Capital, Target
Bed-in-a-box mattress company Casper announced the close of its Series C, raising a total of $170 million. The round included a number of celebrities and well-known brands who want to be a part of the company’s bright future. [Built In NYC]
ClassPass, $70 million.
Investors: Fifth Wall, Thrive Capital, M13, GV, General Catalyst, CRV, Acequia Capital (Acecap), Temasek Holdings
ClassPass, the service that gets you into your favorite fitness classes, recently raised $70 million in a Series C funding. The funds will be used to enhance the technical initiatives such as video on-demand and social features. [Built In NYC]
Photos via Facebook, featured companies and Shutterstock
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