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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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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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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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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.”

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Boston offers a world of advantages for startup founders

TechCrunch

5 investors discuss Boston’s resilient tech ecosystem Boston’s university-to-startup pipeline defies downturn to grow and diversify In order to build a startup culture, a city or region needs some key elements in place – like an innovation engine to drive startup ideas. It also has a long history of innovation and a rich tech legacy.

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

TechCrunch

But that’s all I’m giving away now; read the entire survey to see where investors are finding hope, what is no longer venture-backable and what wave of edtech innovation they think we’re in today. The pandemic has not necessarily changed our thesis but has accelerated many of its underlying trends.

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