New York-based business development and business information systems company, Teneo, has secured $350 million in private equity funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced June 7 and financed by CVC Capital Partners.
According to its Crunchbase profile, "Teneo is a global advisory firm that works exclusively with the CEOs and leaders of the world’s largest and most complex companies providing strategic counsel across their full panoply of key objectives and issues."
The eight-year-old company also raised a private equity round in 2014.
The round brings total funding raised by New York companies in information technology over the past month to $661 million. The local information technology industry has produced 258 funding rounds over the past year, raking in a total of $5.4 billion in venture funding.
In other local funding news, marketing company AdHawk announced a $13 million Series B funding round on June 3, led by Entrée Capital.
According to Crunchbase, "We use machine learning to make optimizing your Facebook/Google ads easy. Our family of companies: *AdHawk — The easiest way to manage your AdWords & Facebook Ads (www.tryadhawk.com) *FlooringStores — The most trusted online destination for the flooring industry. (www.flooringstores.com) *FloorForce — The largest website platform in the flooring industry."
Founded in 2015, the company has raised three previous rounds, including a $2.4 million Series A round in 2017.
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