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Booz Allen Hamilton launches $100M corporate venture arm focused on early-stage startups

TechCrunch

Booz Allen Hamilton, the Virginia-based, defense-focused IT consulting firm, today announced the launch of a corporate venture capital arm, Booz Allen Ventures, that will initially put $100 million toward “strategic” defensive and offensive technologies.

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Hungryroot co-founder’s new venture, Noops, a plant-based pudding startup, raises another $2M

TechCrunch

Joining Lerer Hippeau in the investment are Siddhi Capital, Idea Farm Ventures, Simple Food Ventures, Animal Capital and American Pie executive Alan Mitzner. billion in 2020, according to a Bloomberg Intelligence report , and is poised to grow to $74 billion by 2027. Immi takes in $3.8M to cook up plant-based instant ramen.

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Fintech Roundup: Will financial technology startups dodge the venture slowdown?

TechCrunch

There has been much talk as of late of a slowdown in venture funding. Ramp says its revenue grew “early 10x” in 2021 compared to 2020 while its cardholder base grew 7x and its user base grew 15x. Startups like these are keeping the incumbents (relatively speaking) on their toes.

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New capital positions luxury goods reseller Rebag for next round of innovation

TechCrunch

Rebag , which buys, sells and trades luxury items like handbags and accessories, raised a $33 million Series E round following a year of technology development and category expansion. The “last time” was a $15 million Series D round in 2020, also led by Novator. The marketplace now has more than 30,000 items.

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

TechCrunch

Sales in this area topped $100 billion in 2020 , driven by the 48 million dogs and cats that were adopted over the past three years. The big story in 2020 was that everyone needed telehealth services for themselves, and we saw that transfer to pets and then exacerbated by the industry,” he added. Pets are big business.

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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. million in debt) Series B led by Fin Venture Capital with participation from Mastercard, Proof Ventures, Trestle and Espresso Capital, bringing Teampay’s total raised to $65 million. million in equity, $11.75

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To reach fintech’s next level, infrastructure providers must address these pain points

TechCrunch

Innovation continues to drive new developments in lending, payments, crypto and, in particular, infrastructure, showing that the industry still has lots of room for growth. And even though investment activity decreased this year, it still remains well above where it was in 2019 and 2020. But fintech is resilient.