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

TechCrunch

Today, Teampay has hundreds of customers and significant venture capital financing behind it. “Enterprises crave control and visibility over the finances, and this not only helps the IT department, but [also] enables all departments to make better aligned business decisions,” he added. It seems that his thesis was correct.

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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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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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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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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. ” Investors see promise in contract management legal technology for procurement, sales, finance, legal and HR like Icertis’ — perhaps because of the enormous addressable market.

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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. The 2022 correction has followed the same path.

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