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Mozart Data announces free tier to encourage smaller businesses to get on platform

TechCrunch

Mozart Data came out of the Summer 2020 Y Combinator cohort with an idea to provide a data stack in a box for companies. Since then, it has raised $19 million and attracted 100 customers, but the founders recognize that to attract new users to the platform, especially in today’s economic environment, might take some creativity.

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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 company was valued at $680 million prior to this round, Gorgias co-founder and CEO Romain Lapeyre told TechCrunch via email. The environment we’re working in has changed quite a bit,” he added.

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Soci raises $120M in debt and equity to grow its marketing management platform

TechCrunch

Co-founder and CEO Afif Khoury says that the new capital — a combination of debt and equity of which Khoury wouldn’t provide a very detailed breakdown — will be put toward mergers and acquisitions, customer success and international expansion. .”

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Truework, which helps lenders verify borrowers’ income and employment, raises $50M

TechCrunch

On the flip-side, mortgage demand recently hit a 20-year low after the highs of 2020 , but Truework co-founder and CEO Ryan Sandler reckons that the need for automated verifications is only going in an upward direction. ” Truework founders: Victor Kabdebon (product & CTO), Ryan Sandler (CEO) and Ethan Winchell (COO).

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

TechCrunch

Jan Lynn-Matern , founder and partner, Emerge Education. 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. Has edtech seen a slowing of the “tourism” from generalist founders and investors?

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

TechCrunch

But that’s what startup Arena claims to do, fueled by a round of funding ($32 million) led by Initialized Capital and Goldcrest Capital along with Founders Fund, Flexport and a colorful cast of characters, including retired general David Petraeus, Peter Thiel, and Y Combinator CEO Michael Seibel. Image Credits: Arena.