TechNY Daily

September 21, 2021
Edition 619

TechNY15 Stock Index: 1,578.75 (-13.97)(-0.9%)
Keeping The NYC Tech Industry Informed

Small Planet
10 min readSep 21, 2021

1. Google is buying the huge St. John’s Terminal building in Manhattan’s Hudson Square for $2.1 billion. The company already leases the 1.3 million-square-foot building located at 550 Washington Street, which is undergoing an extensive renovation and is expected to re-open in mid-2023. Google, which now has 12,000 employees in NYC, also owns 111 Eighth Avenue; the Chelsea Market at 75 Ninth Avenue and the nearby Milk Building at 450 West 15th Street. (Commercial Observer)

2. Brooklyn’s Vice Media has raised $135 million in a private equity funding.Investors included James Murdoch’s Lupa Systems, TPG, TCV, Sixth Street and Antenna Group. Vice had previously announced its intention to go public via a merger with a SPAC but has now backed away from those plans. ( (Hollywood Reporter)

3. NYC’s Tia, a provider of holistic healthcare services for women, has raised $100 million in a Series B funding. Lone Pine Capital led the round and was joined by Threshold, Define Ventures, Torch Capital, ACME, Compound, Combine, The Helm, Human Ventures, Seae Venture and Gingerbread Capital. Tia blends in-person and telemedicine to provide gynecology, primary care, mental health and evidence-based wellness services. ( (BusinessWire)

4. Co-living startup The Collective is about to lose its Williamsburg development site at 555 Broadway, where it had planned to build a 500-apartment tower. The U.K.-based company, which is reportedly on the brink of bankruptcy, owns the Paper Factory in Long Island City and had announced plans to build additional co-living sites on North 8th Street in Williamsburg and in Bedford-Stuyvesant. ( (The Real Deal)

5. NYC”s Drone Racing League has signed a $100 million sponsorship deal with cryptocurrency platform Algorand. The five-year deal includes naming rights and the league releasing fan collectible NFT’s on Algorand’s platform. ( (CBS News)


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6. NYC’s Orchard, an online platform for selling and buying homes, has raised $100 million in a Series D funding round at a valuation in excess of $1 billion. Accomplice led the round and was joined by FirstMark, Revolution, First American and Juxtapose. Orchard’s “buy before you sell” model enables customers to move into their new home with Orchard then selling their old home. ( (PR Newswire)

7. NYC’s Warby Parker is planning to go public vla a direct listing of its shares on the New York Stock Exchange. The company posted $393.7 million in revenue in 2020 with a loss of $55.9 million. ( (Fortune)

8. NYC’s Jeeves, an expense management platform for startups, has raised $57 million in a Series B funding at a $500 million valuation. CRV led the round with participation from Tencent, SVB Capital, Alkeon Capital Management, Soros Fund Management, the Brooklyn Nets’ Kevin Durant and former NY Giant Odell Beckham Jr. The $500 million valuation represents a 5x jump over Jeeves’ May 2021 Series A round. ( (TechCrunch)

9. NYC’s Jetty, a rent payment flexibility platform, has raised $23 million in a venture funding round. Citi Ventures and Flourish Ventures led the round and were joined by Credit Ease, K5, Farmers Insurance Group, Khosla Ventures and Ribbit Capital. For a small monthly subscription fee, Jetty will make a member’s rent payment on the first of the money and allow them to repay it by the 24th of the month. ( (TechCrunch)

10. NYC’s Vowel, a virtual meeting platform for remote teams, has raised $13.5 million in a Series A financing. Lobby Capital led the round and was joined by NYC’s BoxGroup and Amity Ventures. Vowel’s platform, which is still in private beta, has a 10,000 person waiting list. ( (VentureBeat)


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