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NJ Small and Early-Stage Businesses Bolstered by NJEDA’s approving of Investment Fund Managers

American Entrepreneurship

The Federally established State Small Business Credit Initiative support investments into New Jersey companies Through the use of three unique investment strategies funded through the federal State Small Business Credit Initiative (SSBCI), the New Jersey Economic Development Agency (NJEDA) is supporting New Jersey small and early-stage businesses.

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Local Startups to Receive Investment from Ben Franklin Technology Partners

Ben Franklin Technology Partners

These startups, located in the Harrisburg, York, and Lancaster regions will use the investment to leap from start-up to up-and-running. Envision Biomedical, LLC (York based) develops new contact lens polymers for lens manufacturers to help them address contact lens discomfort in users. SR Solutions, Inc. Representative P.

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Valon closes on $50M a16z-led Series A to grow mobile-first mortgage servicing platform

TechCrunch

Andreessen Horowitz (a16z) led the round for the New York-based company formerly known as Peach Street. Valon operates in 49 states, and expects to add New York this year. . The pandemic highlighted the stress in the market and greatly accelerated the need for a new-age mortgage servicer,” Wang said.

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Marco Financial raises $82M in debt, equity seed round to support small Latin American exporters

TechCrunch

To continue its mission, the Miami-based trade finance company raised $7 million in seed funding and $75 million in a credit facility, led by Arcadia Funds LLC and Kayyak Ventures, to increase its credit line to $100 million. They started Marco in 2019 and now have offices in New York, Dallas and across Latin America.

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Unpacking Chamath Palihapitiya’s SPAC deals for Latch and Sunlight Financial

TechCrunch

This morning, investor and SPAC raconteur Chamath Palihapitiya announced two new blank-check deals involving Latch and Sunlight Financial. New York-based Latch sells “LatchOS,” a hardware and software system that works in buildings where access and amenities matter. Let’s find out.

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Tata Communications acquires The Switch Enterprises to gain strong foothold in US media, entertainment market

AsiaTechDaily

to acquire The Switch Enterprises LLC. New York-based The Switch is a leading global end-to-end live video production and transmission services provider with reach to top tier sporting venues in North America. Both are expected to help the industry evolve to the next level of at-venue and at-home fan engagement.

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Doola raises $3M to help global founders launch an LLC in the US

TechCrunch

We wanted to focus on building product, talking to users and growing our new business, and we thought, ‘ what if we could click a button and initialize a company?’ ,” said co-founder and CEO Arjun Mahadevan. In September, the New York-based company built an MVP and got its first paying customer.

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