Uncategorized
Brooklyn

Henna goes high-tech // CommonBond gets its data whiz // Brooklynites get buzz [Startup Roundup]

Local firms appear to be drawing national attention, as Brooklyn more and more earns recognition as the place to be inventive.

Who’s raising money?

Fort Greene’s Radico, Inc. raised $1.8 million on an offered $2 million Series A Equity round, according to an SEC filing. The company makes organic hair care products, henna and hair coloration products, but also appears to be exploring new technologies on the supply side, as they move production of primary goods in house.

On the Radico website, it reports the firm will soon be acquiring its own land for production, adding, “We shall use a micro irrigation system which deploys a grid system of pipes and supplies water only to the roots of plants in sufficient quantity and hence just utilizes one fourth the amount of water in comparison to traditional irrigation systems. So it will not only conserve water but increase the yield one and a half times. We also plan to gradually develop solar powered facilities for our own factories as well as schools and hospitals for local villagers in order to help raise the socio-economic and environmental standards for all.” While the SEC filing reports its year of incorporation as 2013, its website describes a history going back to 1992. This is the first fundraising effort that it has reported to the SEC, which may reflect this new production initiative.

Who’s making moves?

CommonBond hired John Birge as its Chief Risk Officer, completing a search that CEO David Klein told us about earlier this year. Formerly, he was director of new accounts at American Express.

Who’s getting buzz?

Akwaaba, a B&B in Bed-Stuy, is featured on the roadtripping YouTube show, START UP.

Dumbo’s workplace sharing platform, Honey, got a shoutout in a post about employee retention, on Mashable.

While unnamed, this piece about a new community biolab in Seattle, recognizes our borough, pointing out that the first one opened up here in 2010. We wrote about GenSpace in August.

Companies: Genspace / CommonBond

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending
Technically Media