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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. Hoag notes that Teampay is low-code and doesn’t require custom development.

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Pinduoduo and The Rise of Social E-Commerce

Y Combinator

Pinduoduo’s team purchase is often compared to Groupon in the US because they both enable a form of group buying. Only one month after launching their first party application in January 2016 (transactions prior to this happened via WeChat), Pinduoduo already had over 10 million customers. But the models are actually very different.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

YC-backed Curacel unveils new API platform that enables tech-led businesses to offer insurance. The only worry is incumbents might want to eat into Duplo’s meal — but then again, the market is massive. Founded in: 2016. Website : [link]. Founded in : 2021. Team size : 22 . Location : Lagos, Nigeria. Team size : 11.

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After raising $10M, Breeze breathes fresh air into a stagnant disability insurance market

TechCrunch

Enter Omaha, Nebraska-based Breeze , the company Nabity started in 2019 with Cody Leach to enable individuals to go online and complete in 10 minutes the application process to receive a personalized quote for either disability insurance or critical illness insurance. market for disability insurance was valued at $19.1

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Truepill’s latest funding boosts valuation to $1.6B as it works on B2B side of healthcare

TechCrunch

After developing a network of telehealth, diagnostics and pharmacies for consumers, digital health company Truepill is targeting healthcare incumbents like health payers, providers and employer groups. The company’s “big focus is continuing the vision of transforming healthcare,” said Sid Viswanathan, president and co-founder of Truepill.

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Trends in Early Stage SaaS Fundraising Market of 2016

Tomasz Tunguz

The exuberant acquisition environment should enable some early-stage companies to menace their incumbents and take share, as those behemoths are distracted by M&A. Many of the most of apparent and immediate opportunities in the software market have been filled by now SaaS incumbents.

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Make no bones about it, Fuzzy expands reach into pet care market with capital infusion

TechCrunch

The company, founded in 2016, provides 24/7 live chat and telehealth, ship-to-home prescriptions, vet-curated items in its e-commerce marketplace and educational content and programs. The San Francisco-based company previously raised $18 million in a Series B round in March.

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