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

AsiaTechDaily

The funding was led by Prosperity7 Ventures, a growth fund associated with Aramco Ventures, and included additional investment from SoftBank Ventures Asia. The Singaporean startup recognizes the immense potential of the global B2B cross-border payments market. trillion by 2030.

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Mayfield’s Arvind Gupta discusses startup fundraising during a downturn

TechCrunch

Between his roles as co-leader of Mayfield Fund’s engineering biology practice and founder at IndieBio, Arvind Gupta reviewed approximately 470 startup pitches last year. Seed-stage actually persists even during economic downturns because people still seem willing to make small bets. What’s your sense as far as why that is?

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

TechCrunch

We asked three venture capital firms investing at the intersection of proptech and climate tech about how a focus on reducing emissions can trim a building’s carbon footprint and offer new opportunities for returns. The first part of this survey covered proptech startups solving financial problems. A deeper look at proptech.

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

TechCrunch

Lest there be any doubt some startups are riding high even amid the macroeconomic uncertainty, process mining software vendor Celonis today announced that it secured a whopping $1 billion in additional capital at a $13 billion post-money valuation, a mix of equity ($400 million) and debt (a five-year $600 million credit line).

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

TechCrunch

Emerge Education’s Jan Lynn-Matern, meanwhile, was quick to point out that edtech investment in Europe is growing despite the slowdown in the United States — the sector has secured $1.4 This impacted the kinds of startups that got funding and the total capital in the market. Ashley Bittner and Kate Ballinger, Firework Ventures.

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Data observability platform Acceldata raises $50M

TechCrunch

By way of example, the likes of Observe , Monte Carlo , Cribl , Manta , and Coralogix all raised substantial amounts of funding last year, while in the five short weeks of 2023 so far we’ve already seen two fledgling observability startups in the form of Metaplane and Chaos Genius announce $8.4 million and $3.3

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

TechCrunch

Last year, Teampay launched a Mastercard-branded corporate card, Catalyst, with spend management features, signaling the startup’s intentions to venture further into the heated corporate card space. Just in January, European startup Moss , which offers corporate credit cards for small- and medium-sized companies, raised $86 million.