BuzzFeed raises $200M, launches e-commerce division
On Monday, BuzzFeed announced it raised a $200 million round from NBCUniversal, which will help to expand the advertising sales relationship between the two companies. BuzzFeed also acquired e-commerce company Scroll, which marks the beginning of the company’s experiments in the space. [Built In NYC]
AdvisorEngine raises $20 million
AdvisorEngine, a digital wealth management platform, raised a $20 million Series A financing. The investment came from WisdomTree Investments, which will enter a strategic partnership with AdvisorEngine to actively introduce the platform to a deep distribution network. AdvisorEngine is also the new name for the company formerly known as Vanare, which rebranded with the new investment. [GlobeNewsire]
FanDuel merges with DraftKings
Last Friday, daily fantasy sports sites FanDuel and DraftKings announced their merger. The new partnership plans to eliminate the long-term competition the two organizations have held with each other, as well as allow both companies to deliver more products, contests, social connectivity and a better overall user experience. [Built In NYC]
Snapchat opens new Spectacles store in New York City
Snapchat’s Spectacles, the company’s news wearable cameras, opened a brick-and-mortar store in Midtown today. The store is right next to the Apple store and will be open until New Year’s Eve. [The Verge]
CoverWallet raises $7 million
CoverWallet, a platform for understanding, buying and managing commercial insurance announced it raised a $7.8 million Series A. The round was led by Union Square Ventures, with participating investments from Index Ventures, Highland Capital Partners Two Sigma Ventures and Founder Collective. [PR Newswire]
Sprinklr acquires Little Bird
Martech unicorn Sprinklr acquired Portland-based Little Bird. Little Bird help researchers quickly find the top experts and influencers on any given subject on Twitter, and Sprinklr plans to integrate the company into its broader social media management platform. [TechCrunch]
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