Zaarly’s New York team is about to get a whole lot bigger, from two full-time employees up to a possible ten to 30 employees. To facilitate plans to make New York City an central Zaarly hub, the startup, which is part of a growing crop of companies trying to build a real-time mobile market for people to bid on tasks and goods, has moved from temporary space in Marc Ecko’s building at 40 West 23rd Street into an official office under the same roof.
Back in 2009, when Mr. Ecko’s urban apparel empire was reportedly facing sizable debt post-recession, the 28,000 sq. ft. space, complete with half-size basketball court and a rumored $9 million-a-year lease, was on the market. But perhaps Mr. Ecko has had better luck with his venture capital fund, Artists & Instigators. According to the fund’s website, its portfolio companies claim over $5 billion in revenue.
Both Mr. Ecko and his fund invested in Zaarly’s $14.1 million series A round led by Kleiner Perkins. Read More