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Gorgias’ valuation rises to $710M with $30M Series C for e-commerce customer support

TechCrunch

In late 2020, the company had raised $25 million in Series B funding on a $305 million valuation. The environment we’re working in has changed quite a bit,” he added. Even with all of that growth, the company is monitoring its cash burn rate in this new economic environment.

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

TechCrunch

“In today’s economic environment, Teampay’s software-led approach has proven resilient — as we saw in late 2020 to 2021, when the economy rebounds, Teampay benefits disproportionately through accelerated growth … We increased our debt facility for additional flexibility in uncertain times.”

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Q&A: How Verizon Small Business Digital Ready Can Help You

StartupNation

The COVID-19 pandemic has imposed unforeseen challenges on entrepreneurs and further accelerated a shift to digital ways of working. To stay competitive in the new economic environment, small businesses must be agile and adapt to shifting consumer preferences.

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Boston offers a world of advantages for startup founders

TechCrunch

It requires accelerators and incubators and coworking spaces to help nurture early ideas, and it needs VC firms investing across stages. Image Credits: Pitchbook Boston had a steady investment growth trajectory until it dropped off (like everyone else) in 2022 as investment overall slowed in an uncertain economic environment.

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7 investors discuss why edtech startups must go back to basics to survive

TechCrunch

The early innings of the pandemic netted edtech massive investments of more than $10 billion in venture capital investment globally in 2020 and $20 billion in 2021. The pandemic has not necessarily changed our thesis but has accelerated many of its underlying trends. Ashley Bittner and Kate Ballinger, Firework Ventures.

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Even well-funded fintech companies are laying off workers

TechCrunch

Schulman added: “Over the past year, we made significant progress in strengthening and reshaping our company to address the challenging macro-economic environment…While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do.

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Contract lifecycle management vendor Icertis secures $150M in debt to stave off rivals

TechCrunch

By going the debt route, Icertis avoids having to answer the tricky question of valuation in an especially challenging economic environment. The early adoption metrics certainly have been promising, with one recent Bloomberg Law survey showing that more than half of in-house lawyers were using contract management programs in 2020.