New York's commerce and shopping industry is raking in new investment, with 14 local companies raising money. New funding rounds were recently announced by commerce and shopping firms 1stdibs, MakeSpace and Naked Brand Group, according to company database Crunchbase.
1stdibs topped the city's recent funding headlines by announcing a $76 million Series D round on March 28, led by T. Rowe Price.
According to its Crunchbase profile, "1stdibs is an online marketplace that connects dealers to consumers interested in antiques, design, fine jewelry, vintage fashion and art. They are backed by several prominent venture capital firms like Benchmark Capital, Index Ventures, Insight Ventures and Spark Capital. Alibaba Group has also made a significant investment in 1stdibs."
The 18-year-old company has raised four previous funding rounds, including a $60 million secondary market round in 2015.
Next up, MakeSpace raised $30 million in a corporate round, in a round announced on March 29 and led by Iron Mountain.
According to Crunchbase, "MakeSpace, founded by Sam Rosen and Rahul Gandhi, set out to make storage more consumer-friendly, creating an affordable storage service that allows consumers to store their belongings without lifting a finger. MakeSpace's professional movers provide pickup, packing and delivery services so that customers never have to visit a self-storage facility. Customers can select a storage plan that suits their storage needs and manage items remotely through their digital catalog to easily view stored items and manage pickups and returns."
Founded in 2013, the company has raised five previous rounds, including a $30 million Series C round in 2018.
Meanwhile, Naked Brand Group raised $1.3 million in post IPO equity funding, announced on March 29. The round was financed by TokenPay.
From the company's Crunchbase profile, "Naked Brand Group designs, manufactures and sells men’s and women’s underwear, intimate apparel, loungewear and sleepwear products in the United States and Canada. It offers various innerwear products for men that inculde boxer briefs, trunks, briefs, undershirts, T-shirts, lounge pants and shorts and robes; and loungewear and sleepwear products for women such as boyshorts, hipsters, lounge pants, camisoles, tank tops, pajamas, chemises and sleepshirts primarily under the Naked brand name as well as French terry robes, Alpaca throws and Double Gauze woven cotton sleepwear. Naked Brand Group sells its products to consumers and retailers through wholesale channels and direct-to-consumer channel that consists of an Internet retail store called wearnaked.com as well as through various online retailers and department stores."
Naked Brand Group last raised $25 million in post IPO equity funding in 2018.
Across the industry, New York-based commerce and shopping companies have raised $446 million in venture funding over the past month and $3.8 billion over the past year.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
