Remove 2023 Remove economic environments Remove financing Remove sustainability
article thumbnail

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 We are grateful for the hard work and dedication of all of these employees.

article thumbnail

Proptech in Review: 3 investors explain why they’re bullish on tech that makes buildings greener

TechCrunch

This economic environment will continue to test a lot of companies,” said Jake Fingert, managing partner, and Lionel Foster, investor, at Camber Creek. What is your investment thesis for proptech in 2023? This economic environment will continue to test a lot of companies. A deeper look at proptech.

article thumbnail

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

2022: The Aftermath In 2022 war, inflation, rising interest rates and a tougher economic environment–one not buoyed by historically low interest rates–brought an end to the long-term bull market in assets (the “everything bubble”), including startup capital. Law360, January 2, 2023). Gone is the equity seller’s market of 2021.

startup 52