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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’s goals early on were to “hire and grow in a sustainable way,” Lapeyre said.

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

StartupNation

This program is preparing and connecting Metro Detroit Black-owned businesses to various funding resources to ensure their sustained success. The COVID-19 pandemic has imposed unforeseen challenges on entrepreneurs and further accelerated a shift to digital ways of working.

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

TechCrunch

I would say the past few years have been more of an anomaly, and we are getting back to a more sustainable pace. 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.

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