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

TechCrunch

Today, Teampay has hundreds of customers and significant venture capital financing behind it. “Enterprises crave control and visibility over the finances, and this not only helps the IT department, but [also] enables all departments to make better aligned business decisions,” he added. It seems that his thesis was correct.

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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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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. To stay competitive in the new economic environment, small businesses must be agile and adapt to shifting consumer preferences.

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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. For example, a company could have achieved tremendous growth during the pandemic by tapping into COVID relief funds, but this source of funding may not be stable enough to sustain them for years to come.

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

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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. This economic environment will continue to test a lot of companies. Proptech in Review: 3 investors explain how finance-focused proptech startups can survive the downturn.

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Mayfield’s Arvind Gupta discusses startup fundraising during a downturn

TechCrunch

Now, there’s some extremely capital-intensive businesses where you need buckets of money before that traction is generated, and that becomes harder to finance in downturns. It’s just different in different economic environments, it’s never shut, so to speak. Arvind Gupta.

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