Knotel nets $400 million, plus more top funding news for New York-based companies

Knotel nets $400 million, plus more top funding news for New York-based companiesPhoto: Knotel/Glassdoor
Published on August 27, 2019

New York-based interior design company Knotel has secured $400 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Aug. 21 and led by Wafra Partners.

According to its Crunchbase profile, "Knotel transforms the office market with its Agile HQ platform. Making long-term leases a thing of the past, Knotel designs, builds and operates custom spaces for established and growing brands, so they can be free to grow their businesses at will and focus on building the future."

The four-year-old startup has raised four previous funding rounds, including a $60 million Series B round in 2018.

The round brings total funding raised by New York companies in real estate over the past month to $851 million, an increase of $826 million from the month before. The local real estate industry has produced 108 funding rounds over the past year, raking in a total of $9.2 billion in venture funding.

In other local funding news, venture capital and agriculture company iAnthus announced a $50 million post IPO debt funding round on Aug. 20, financed by Torian Capital.

According to Crunchbase, "iAnthus Capital Holdings Inc. provides investors diversified exposure to best-in-class licensed cannabis cultivators, processors and dispensaries throughout the United States. iAnthus currently owns, operates or has partnered with marijuana license holders in Massachusetts, Vermont, Colorado and New Mexico."

Founded in 2014, the company has raised two previous rounds, including a $50 million post IPO equity round in 2018.

Meanwhile, big data company DemystData raised $12 million in Series C funding, announced on Aug. 21. The round's investors were led by MissionOG.

From the company's Crunchbase profile: "At DemystData, we believe that data and analytical technology are essential to innovation within financial services and key for the advancement of the goal of financial inclusion."

DemystData last raised $7 million in Series B funding in 2018.

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.