The Kaufman Organization announced that Quovo, a financial data platform, has signed a 13,075 s/f lease for the entire second floor of 54 West 21st Street in the Flatiron District.
The New York-based company is relocating its headquarters from 29 West 30th Street in NoMad due to significant growth in its business.
Launched in 2013, Quovo provides companies with insights for millions of consumer financial accounts across more than 14,000 different institutions.
Financial services companies, such as SoFi and Betterment, rely on Quovo to provide the data and insights they need to predict, transact and personalize their services.
“The new space is not only desirable, it is a necessity: Over the last year, we have doubled in size and we have open positions across all of our teams,” said Lowell Putnam, CEO and co-founder of Quovo.
“Everyone at Quovo is very excited for the move. I look forward to continuing to grow the business and expand our capabilities in our new headquarters in Flatiron, the heart of New York’s tech community.”
Quovo’s decision to relocate came after a momentous year and a half for the company — Quovo secured $10 million in Series B funding in 2017 from F-Prime Capital Partners and Napier Park Global.
In 2018, Quovo brought its total funding to $20 million and expanded into Canada with the partial support of a Series B funding extension investment from Portag3 Ventures.
“We were proud to strategically utilize our market expertise to place Quovo in an attractive and convenient location,” said Elliot Warren, Associate Broker with the Kaufman Organization.
“54 West 21st Street offers the firm a loft-style layout with high ceilings and flexibility to creatively design the space to meet the collaborative needs of its employees.”
Warren and Sam Stein of Kaufman represented the tenant in the transaction. Dan Breiman of Olmstead Properties represented the landlord.
Built in 1910, 54 West 21st Street is a 12-story, 120,052-square-foot building located in the Flatiron District. The property features a fully renovated lobby, high-speed elevators and 24/7 access.
