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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. billion in 2021.

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

TechCrunch

According to the company’s spokesperson, Alerzo was breakeven in Q3 2021, before the company, present in just Ibadan and Lagos at the time, undertook major expansion and overhired nationwide, buoyed by its $10 million+ Series A financing round. Alerzo raises $10.5M Alerzo raises $10.5M

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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

For Part 1 on The Equity Seller’s Bubble of 2021, click here to access the ACA Data Insights Archive. Several top-tier funds recently redefined themselves as “investment advisors,” enabling them to place long-term bets by holding rather than distributing IPO shares. From VCs to Investment Advisors… and back again? to 18.2x.

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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. billion as of March 2021 and reportedly as high as $5 billion earlier this year, but valuations in tech are on a steep downswing.) Icertis was valued at $2.8 billion in 2019 to $2.9