Brooklinen raises $10M Series A
This week, Brooklinen, a direct-to-consumer bed linen company, announced it closed a $10 million Series A. In addition to providing customers with a simpler alternative to buying bed linens, the company is also making providing more affordable products, specifically by removing the extra embroidery and lacing that usually comes on expensive bed sheets. This latest round of financing for the company was led by First Mark Capital. [TechCrunch]
Deutsche Bank unveils NYC innovation lab
German bank Deutsche Bank has been launching "innovation labs" in growing tech hubs. While these labs were previously launched in Berlin, London and Silicon Valley, the bank opened its latest hub in New York City this week. These labs provide startups with backing and a place to convene with the aim that their technological developments will help Deutsche Bank stay ahead of the curve when it comes to technology.. [New York Business Journal]
Study reveals that New Yorkers are ditching public transit for ride hailing services
A new study by Schaller Consulting revealed that New York City subways and buses saw 19 million fewer riders last year compared to 2015, even as the number of tourists and residents remained near record highs. In the same time, e-hail services such as Lyft, Juno and Uber saw 72 million more rides, and yellow cabs lost 25 million passengers [Crain’s New York]
Cloud management startup CloudCheckr pulls in $50M
This week, New York-based CloudCheckr announced it raised a $50 million Series A. Level Equity is the sole investor in this round. [New York Business Journal]
Aetion scores $11M in new funding
Healthtech startup Aetion, which develops software in the healthcare payments space, raised an $11 million round this week. The Series A was led by Flare Capital Partners with participating investments from Lakestar. [Xconomy]
Aerospace conglomerate to open $300M ‘digital accelerator’ in Dumbo
United Technologies Corporation announced this week that it will be investing in the Brooklyn tech world.The Connecticut-based corporation will be opening a the United Technologies Digital Accelerator, in which it says it will invest $300 million and 250 jobs. According to a release, the company will focus on 'developing software solutions for UTC’s world-class product and service portfolio.' [Technical.ly Brooklyn]
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