Remove 2021 Remove development Remove economic environments Remove financing
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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. Hoag notes that Teampay is low-code and doesn’t require custom development. Spendesk landed $118 million in July 2021 for its corporate spend management service. billion in 2021. It seems that his thesis was correct.

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

StartupNation

In 2021, we extended a grant to Grand Valley State University’s Veterans Entrepreneurship Lab. In 2021, we also established a partnership between Verizon’s Pro Bono Program and the Metro Detroit Black Business Alliance ’s Capital Connect Program. Veterans and/or military spouses work on their business launch over a three-month period.

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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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Cyber firm Arctic Wolf raises $401M in debt, eyeing a potential IPO

TechCrunch

In a sign that pure equity financing is getting harder to come by, cybersecurity firm Arctic Wolf , which last July raised $150 million at triple its previous valuation ($4.3 “In a turbulent economic environment, security will remain a top priority for companies. Through the same period in 2021, startups had around $13.3

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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. These differences are reflected in the experience of our portfolio companies, many of whom sell into HR and learning and development. During the Great Recession, 1.5

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Nigerian B2B e-commerce startup Alerzo cuts 15% of full-time staff in second round of layoffs

TechCrunch

According to Alerzo, the first round of layoffs were performance-related and involved the digitization of some roles (including the development of an internal ERP). Series A to bring Nigeria’s informal retail sector online The company’s e-commerce business grew 2.3x (in dollar terms) in 2022 compared to 2021 due to the expansion.

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Fintech Amount, which was valued at $1B last year, lays off 18% of staff

TechCrunch

The exact number of how many people were affected is not known, but when TechCrunch reported on its last raise in May of 2021, the company said that it had 400 employees. The company formed just before the pandemic hit, after which demand for the type of technology Amount had developed increased exponentially, the company said. .