New York-based legal and industrial company Cushman & Wakefield has secured $72 million in debt financing, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 10 and financed by Santander Bank.
According to its Crunchbase profile, "Cushman & Wakefield is a global, full-service real estate firm. C&W provides service at every stage of the facility and real estate process, including buying, selling, financing, leasing, managing, valuing of assets, strategic planning and research, portfolio analysis, site selection, space location and advisory services."
The company recently raised two previous funding rounds, including a corporate round in 2018.
The round brings total funding raised by New York companies in professional services over the past month to $138 million, an increase of $107 million from the month before. The local professional services industry has seen 51 funding rounds over the past year, securing a total of $1.1 billion in venture funding.
In other local funding news, digital entertainment company Group Nine Media announced a $50 million corporate round on Sept. 9.
According to Crunchbase, "Group Nine Media is a digital-first media company that boasts nearly 4 billion video views every month. The newly-formed media holding company consists of four mission-driven, category-leading brands across food, drink and travel (Thrillist), news and entertainment (NowThis), animals (The Dodo) and science, tech and exploration (Seeker). Group Nine's brands are built for consumption on the social web, where millennials are their main focus audience."
Founded in 2016, the company has raised two previous rounds, including a $40 million corporate round in 2017.
Meanwhile, data mining and consumer research company Earnest Research raised $15 million in Series B funding, announced on Sept. 10. The round's investors were led by Pivot Investment Partners.
From the company's Crunchbase profile: "Earnest Research is a data innovation company driven to change the way professionals understand consumer and business behavior. Working with world-class data partners, we transform raw data into a source for business and investment professionals to ask better questions so they can make better decisions."
Earnest Research last raised $3.5 million in Series A funding in 2014.
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