New York-based media company Refinery29 has secured $8 million in debt financing, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 24 and financed by Stripes Group.
According to its Crunchbase profile, "Refinery29 is the leading global digital-media and entertainment company focused on women. Through a variety of lifestyle stories, original video programming and social, shareable content across all platforms, Refinery29 provides its audience with the inspiration and tools to discover and pursue a more independent, stylish and informed life."
The 14-year-old company has raised six previous funding rounds, including a $45 million round in 2016.
The round brings total funding raised by New York companies in video over the past month to $11 million. The local video industry has seen 41 funding rounds over the past year, capturing a total of $779 million in venture funding.
In other local funding news, gambling company Jackpocket announced a $5 million Series B funding round on May 24, led by Gavin Isaacs.
According to Crunchbase, "Jackpocket is the first mobile app in the U.S. that offers players a secure way to order official state lottery tickets, such as Powerball, Mega Millions and more. As a no-cost, no-integration, turnkey platform, Jackpocket helps lotteries drive incremental revenue — benefiting essential state programs such as public education, veterans assistance, natural resources and more — while attracting new customers like millennials who otherwise would not be active lottery players. Jackpocket’s mission is to create a more convenient, fun and responsible way to play the lottery."
Founded in 2013, the company has raised four previous rounds, including a $16 million Series B round in 2018.
Meanwhile, cryptocurrency and mobile-payments company Chorus Mobility raised corporate round funding, announced on May 24. The round was financed by Tezos.
From the company's Crunchbase profile, "Chorus Mobility is focused on the research and development of the Blockchain-based peer-to-peer payments protocols and decentralized applications for driverless vehicles of tomorrow. Chorus founders were previously working on innovations in the digital payments and transportation sector for 20,000 U.S.-based and NYC Yellow Cabs and hundreds of millions of taxi rides annually. The Chorus team has a robust experience in working on integrations with leading digital-payment companies, including MasterCard, Alipay and Android Pay in both consumer and transportation verticals."
Chorus Mobility last raised convertible note funding in 2018.
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