New York-based hotel company Life House has secured $100 million in private equity funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on July 12 and financed by Blue Flag Partners.
According to its Crunchbase profile, "Life House is creating a network of lifestyle hotels that are more experiential and more affordable through a powerful software-enabled brand and management platform. Our proprietary software materially reduces the costs of operating a hotel and increases revenues, delivering superior returns to our hotel owners (we do not own or invest in real estate)."
The two-year-old startup has raised two previous funding rounds, including an $8.1 million Series A round in 2018.
The round brings total funding raised by New York companies in the community over the past month to $129 million. The local community and lifestyle industry has seen 76 funding rounds over the past year, raking in a total of $1 billion in venture funding.
In other local funding news, search engine company AlphaSense announced a $50 million Series B funding round on July 17, led by Innovation Endeavors.
According to Crunchbase, "AlphaSense transforms the way companies get information and make critical decisions with its AI-powered business insights platform. The company mission is to organize and semantically index global investment and market research data, allowing clients to be more efficient and outdo the competition."
Founded in 2010, the company has raised three previous rounds, including a $33 million Series A round in 2016.
Meanwhile, ticketing company Fever raised $35 million in Series D funding, announced on July 8. The round's investors were led by Rakuten.
From the company's Crunchbase profile, "Fever is a mobile app and social discovery tool that provides a curated and personalized list of local events based on user preferences. Backed by a team of Rockstar Investors and Advisors, the app gives you the ability to RSVP and purchase same-day tickets to events or buy tickets in advance."
Fever last raised $20 million in Series C funding in 2018.
Also of note, e-commerce platforms company MPB raised $11 million in Series C funding, announced on July 15 and led by Acton Capital Partners.
From Crunchbase, "MPB exists for the love of photography. Our mission is to be the leading global marketplace for photographers and videographers to buy, sell or trade equipment."
The company previously raised $1.9 million in debt financing funding in 2018.
Rounding out the city's recent top local funding events, sharing economy company Bulletin raised $7 million in Series A funding, announced on July 15 and led by Foundation Capital.
From Crunchbase, "Bulletin makes physical retail possible for million of online brands. Through their platform, Bulletin Omni, brands can rent space in Bulletin stores and start selling in five days or less."
The company previously raised $2.2 million in seed funding in 2017.
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.
