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Singapore’s Sunrate Receives Investment from Prosperity7 Ventures and SoftBank Ventures Asia in Series D-1 Funding

AsiaTechDaily

He stated, “In this challenging macro-economic environment, the fact that esteemed investors have chosen to invest in Sunrate is a testament to our continued strong growth and proven capabilities. Paul Meng, the co-founder of Sunrate, expressed his appreciation for the investments made by new and existing prestigious investors.

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Celonis secures another $1B to find and fix process problems in enterprise systems

TechCrunch

Alex Rinke, Bastian Nominacher and Martin Klenk launched the company as a spin-off from the Technical University of Munich, and in 2012, Celonis joined the SAP Startup Focus program, an accelerator for analytics startups building new applications on the SAP HANA platform.

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On Deck tried to do it all. Now, it’s trying to do less, better

TechCrunch

It resembles a classic accelerator, but perhaps one step earlier than a Y Combinator. Tiger Global went on to commit money to On Deck’s vision for an ODX fund, an investment vehicle that would help it launch an accelerator. From accelerator to just a classic investor. “Everyone in the room is talking about the same person.”.

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Should Founders Still Raise in an Economic Downturn?

Dream It

In general, companies can expect to come out of accelerators at half the valuation they would otherwise have in favorable economic environments. At that time, these companies had products in market and valuations around $4-5 million. Jason expects to see similar valuation trends during this downturn.

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Gorgias’ valuation rises to $710M with $30M Series C for e-commerce customer support

TechCrunch

Even with all of that growth, the company is monitoring its cash burn rate in this new economic environment. The company will use the new funding to accelerate development of its Automation Add-on feature, which can deflect up to a third of incoming repetitive support tickets by providing customers with instant answers.

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

StartupNation

The COVID-19 pandemic has imposed unforeseen challenges on entrepreneurs and further accelerated a shift to digital ways of working. To stay competitive in the new economic environment, small businesses must be agile and adapt to shifting consumer preferences.

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Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

“In today’s economic environment, Teampay’s software-led approach has proven resilient — as we saw in late 2020 to 2021, when the economy rebounds, Teampay benefits disproportionately through accelerated growth … We increased our debt facility for additional flexibility in uncertain times.”