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Singapore’s Sunrate Receives Investment from Prosperity7 Ventures and SoftBank Ventures Asia in Series D-1 Funding

AsiaTechDaily

The funding was led by Prosperity7 Ventures, a growth fund associated with Aramco Ventures, and included additional investment from SoftBank Ventures Asia. Additionally, Sunrate aims to venture into new markets, including the Middle East, further extending its global presence.

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Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay , a platform that attempts to automate the software purchasing process for companies. Today, Teampay has hundreds of customers and significant venture capital financing behind it. billion valuation.

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Cyber firm Arctic Wolf raises $401M in debt, eyeing a potential IPO

TechCrunch

The Information reported in late August that Arctic Wolf was in talks to raise $300 million, making this round a decided success in a punishing macroeconomic environment. “In a turbulent economic environment, security will remain a top priority for companies. .

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Arena raises money from Peter Thiel and David Petraeus for its decision-making AI

TechCrunch

Ranade, who attended Stanford and Columbia, was previously an associate partner at McKinsey and co-founded web-scraping startup Kimono Labs, which was acquired by Palantir in 2016. For many — particularly small- and medium-sized businesses — the return on investment remains unclear. Image Credits: Arena.

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The end of a second straight month of layoffs in tech

TechCrunch

When Niantic released Pokémon Go in 2016, the company put itself firmly on the map as an AR and mobile gaming company to watch out for. Backstage Capital cuts majority of staff after pausing net new investments. The Detroit-based company says it has raised over $550 million in known capital since its inception in 2016.

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The Equity Seller’s Bubble of 2021 Part 2 • 2022 From a Startup Equity Seller’s to an Equity Buyer’s Market

Angel Capital Association

2022: The Aftermath In 2022 war, inflation, rising interest rates and a tougher economic environment–one not buoyed by historically low interest rates–brought an end to the long-term bull market in assets (the “everything bubble”), including startup capital. 2 A (temporary) venture capital reset? Higher litigation risks.

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