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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. This year, $1.6

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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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TechCrunch+ roundup: Fighting fundraising fears, XaaS CS strategy, the ‘collapse’ of VC

TechCrunch

In this TC+ post, she discusses the current economic environment and shares “actionable tips for closing pre-seed to Series B rounds.”. We need to unlearn the lessons of the 2021 fundraising bubble. We need to unlearn the lessons of the 2021 fundraising bubble. Does your startup have a data room?

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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. This move toward extension rounds illustrates a level-setting of expectations from founders around fundraising in the current economic environment.

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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