Investing and Global Finance News

Category Archives: Company Focus

Funding Boost for NY Security Company

The New York City-based, BigID, a privacy and protection technology company, has raised $70 million in Series D funding. Salesforce Ventures and Tiger Global lead the investing this cycle. Longstanding supporters of BigID, Bessemer Venture Partners, Scale Venture Partners, and Boldstart Ventures put forth additional funding.

Series A funding in January 2018 yielded $14 million and a second round just six months later brought in an additional $30 million. By the Series C funding in September 2019, the company raised $50 million. Dimitri Sirota, CEO and co-founder of BigID, says that the tech company employs 235 people and plans to reach 300 by the end of 2022. The focus for 2021 is sales and marketing efforts.

“It’s a tremendous vote of confidence to have Salesforce Ventures and Tiger Global join Bessemer Venture Partners, Scale, Boldstart Ventures, and Glynn in preempting our series D with this latest investment. It’s a testament to our traction, team and vision that we can continue to attract the capital to fuel our data innovation for privacy, protection and perspective.”

Dimitri Sirota, CEO and co-founder of BigID

Plexi-Craft: A New York Business in Demand

Plexi-Craft used to be a simple, swanky, high-end, Bronx-based furniture factory. Now it is one of the country’s most sought after businesses. The 60-year-old company has a long history of acrylic resin skills, designing trendy, clear plastic chairs, tables, cabinets, and more. And as the world scrambles to resume some sense of normalcy alongside the… Continue Reading

Supporting Local Businesses This Holiday Season

There is nothing typical about the 2020 holiday season. Celebrations have been curtailed, guest lists have been tightened, and shopping options have been limited. New Yorkers, however, ever resilient and resourceful, are finding ways to keep the holiday spirit alive and support local entrepreneurs and businesses in the process. Primarily organized on social media, these… Continue Reading

FinTru Opens Offices in New York

The UK-based financial services firm FinTrU opened its first North American offices in New York City. The FInTru offices are set up on Avenue of the Americas in Manhattan and represent an international growth for the award-winning fintech company. “Many of our tier one investment bank clients are based in New York so it was… Continue Reading

BIDs to the Rescue

New York City’s BIDs (Business Improvement Districts) and neighborhood organizations are a pivotal lifeline for local shops and stores. The BIDs take on the lion’s share of street cleaning, marketing campaigns, and publicity. The tragic economic effects of the coronavirus pandemic have only heightened the need for BIDs. They are helping businesses stay open, advocating… Continue Reading

From Yemen to New York: Historic Coffee Finds a Home

From Yemen to New York: Historic Coffee Finds a Home

Quhwah House is one of Brooklyn’s newest coffee shops. But the traditions and beans which make it special are already eight generations old. Ibrahim Alhasbani, the owner, is from Yemen. He comes from a longline of coffee farmers and is proud to keep the family business alive. Alhasbani decorated the store’s walls with images conveying… Continue Reading

Social Media Steps in to Rescue New York City Bookshop

Social Media Steps in to Rescue New York City Bookshop

The Strand, New York’s most legendary bookstore, is breathing a sigh of relief, for now.  In late October, Nancy Bass Wyden, the third-generation owner, turned to social media as a last ditch effort to keep from permanently closing Strand’s doors. A typical day sees about 300 web orders; the influx of online orders following Wyden’s… Continue Reading

NY City Businesses That Opened During the Pandemic

NY City Businesses That Opened During the Pandemic

More than 2,800 businesses New York City businesses have shuttered their doors as a result of the COVID-19 pandemic. But New Yorkers are known for resilience, and many new businesses successfully opened their doors in the coronavirus economy. The brand new Krispy Kreme shop, a full 4,500 square-foot venue, is open for business in the middle of Times Square.… Continue Reading

Pandemic Brings Early Holiday Season to New York

Pandemic Brings Early Holiday Season to New York

The rushed last-minute holiday shopping scramble may just be another annual tradition lost to the coronavirus pandemic. Across New York and the country, retailers are getting a head start on the holiday season. While most shoppers don’t usually appreciate the holiday “creep,” this year there are several good reasons for getting an early go on… Continue Reading