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Goldman-Backed Startup Zola Signs Lease in 7 World Trade Tower

Goldman-Backed Startup Zola Signs Lease in 7 World Trade Tower

Jan 17, 2019
By Lily Katz / Bloomberg | Bloomberg

Zola Inc., the wedding-planning startup that received funding from Goldman Sachs Group Inc., agreed to lease space in 7 World Trade Center after outgrowing its lower Manhattan headquarters.

The five-year-old firm signed a deal for 30,000 square feet (2,800 square meters), or the entire 39th floor, according to a statement from Silverstein Properties, owner of the 52-story tower. It will move in later this year.

Zola, which has tripled its headcount in the past two years, offers tools to help couples simplify the wedding process, such as online gift registries and customizable invitations. It said in May that it had raised $100 million from investors including Comcast Corp. and Goldman Sachs, bringing its total funding to about $140 million. That valued Zola at about $600 million, a person familiar with the deal said at the time.

The company’s lease at 7 World Trade includes the option to build a showroom for customers. Zola will take over Ameriprise Financial Inc.’s space, joining existing tenants including Moody’s Corp. when it moves into the skyscraper, which opened in 2006.

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