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Constrafor, a construction procurement company, goes ‘SAFE’ route with new capital

TechCrunch

Ghauche and Douglas Reed started Constrafor, a SaaS construction procurement platform, to provide embedded financing and software for general contractors to manage their subcontractor workflow. Constrafor grabs $106M in equity, credit to finance construction subcontractors The company raised $106.3

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

TechCrunch

automotive, personal loans, and student financing) to verify and approve borrowers quickly within their own applications using Truework’s APIs. “While 2022 has seen some slowdowns to the pace of demand, the need for automated income and employment verifications is ever increasing.

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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. . billion), opted for all debt in its latest funding round.

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

TechCrunch

Reach Capital’s Jomayra Herrera encapsulated the changing landscape well: The deal pace has definitely slowed down in 2022 across most sectors. billion in Europe thus far in 2022, 40% more than a year earlier, reports say). The tone also felt balanced: Many admitted that things have changed, but opportunity continues to exist.

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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.”. “Any change is an opportunity to create leverage, and a downturn is no exception,” writes Masha Bucher, founder and general partner of early-stage VC firm, Day One Ventures.

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Rivian delivers on Q2 revenue, expects loss to widen another $700M

TechCrunch

billion in 2022, up from the $4.75 Still, Rivian cruised past analysts’ expectations on revenue, bringing in $364 million in Q2 (or about $26 million more than analysts anticipated, per Yahoo Finance). billion estimate it shared three months earlier. ” In Q2, Rivian lost $1.71 billion and delivered 4,467 vehicles.

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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