NoMad is NYC’s newest tech hub
Located between Midtown and the Flatiron, NoMad is the latest neighborhood to open its doors to the tech world. Coworking startup Nomadworks is about to launch in a 27,000 square-foot office space later this month. NYC tech, prepare to pack your bags. [Crain’s New York Business]
AP teams up with Civil to reinvent journalism
The Associated Press is working with blockchain-powered news site Civil to change the way news is reported and shared. The AP, which has been around for 172 years, will make its content available on Civil-based newsrooms and join organizations like the International Center for Journalists (ICFJ), the European Journalism Centre, the Reynolds Journalism Institute at the Missouri School of Journalism and more. [Civil]
Launchmetrics raises $50 million in new funding
Launchmetrics, a company that helps pair luxury brands with digital influencers, announced a $50 million venture capital round. The investment was led by Bpifrance with participation from Seventure, Cipio Partners and Famillie C. The new funding will be put toward hiring at least 150 new employees, enhancing its technology and expanding to Asia, the Middle East and Europe. [VentureBeat]
Vroom raises $30M Series G, preps for more
Used car marketplace Vroom announced a $30 million Series G funding round, with plans to bring it up to $70 million in the near future. TBD on when the extra $40 million is expected, but this announcement shows the startup is positioned to be more profitable than its competitors. Currently, the company has $359 million in funding. [TechCrunch]
Smartly.io welcomes new chief revenue officer
Adtech company Smartly.io’s leadership team is expanding. The startup welcomed Tim Frankcom, who joins as chief revenue officer. Frankcom was previously the EVP of global mid-market business at Criteo, where he grew the sales and business development teams to over 500 people. He will be based in Smartly.io’s London office. [Markets Insider]
The Yard launches affordable membership for new members
The surge in coworking space popularity continues. The Yard announced a new program that helps companies looking for flexible working space. For the remainder of 2018, new members can pay $20.18 per desk per month for a year-long membership with the community. The company is based in NYC, with additional locations in Boston, DC and Philadelphia. [Press release]
