CBRE acquires Floored
On Tuesday, CBRE announced it is acquiring Floored, a data capture and visualization software SaaS company. The company, which builds scalable and interactive 3D graphics technology for the global commercial real estate industry, will help CBRE enhance its marketing and leasing of commercial properties. [Business Wire]
Rent the Runway raises $60M
Following a profitable year, Rent the Runway closed a $60 million equity investment. The round was led by Fidelity with participating investments from Bain Capital Ventures and TCV. [Recode]
Backtrace, a debugging startup led by former AppNexus engineers, raises $5M
Backtrace has scored a $5 million Series A funding. The financing was led by Amplify Partners, with participating investments from Work-Bench, Rally Ventures and Tribeca Venture Partners. The company was founded by former AppNexus engineers, who set out to solve the process of debugging. [TechCrunch]
Clarity Money launches app
On Wednesday, Clarity Money launched its app to provide an all-in-one solution to help users manage their finances better. The app is currently available for iOS and can help reduce credit payments, provide instant savings and help users manage subscriptions. [TechCrunch]
Chinese e-commerce giant Alibaba expands downtown Manhattan headquarters
Chinese tech giant Alibaba is coming to New York. For its new headquarters, the company has leased a new boutique office building at 860 Washington Street in the meatpacking district. [Crain’s New York]
Namely raises $30M
Namely, the all-in-one platform for cloud-based HR software, announced a $50 million Series D today. The round was led by Altimeter Capital and Scale Venture Partners, with additional investments from Sequoia, Matrix Partners, True Venture, Greenspring and Four Rivers. The company is planning on using the new capital to accelerate its investment into its core product features, as well as expand into mid-sized companies across the country. [Built In NYC]
