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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. million in debt) Series B led by Fin Venture Capital with participation from Mastercard, Proof Ventures, Trestle and Espresso Capital, bringing Teampay’s total raised to $65 million. . million in equity, $11.75

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

TechCrunch

The companies that took their first venture capital during the craze decided to join forces with other well-capitalized competitors. I would say the past few years have been more of an anomaly, and we are getting back to a more sustainable pace. Ashley Bittner and Kate Ballinger, Firework Ventures.

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Three Learnings for Startups after Big Tech’s Q3 Earnings Beatdown

Entrepreneur's Handbook

As an investor that has a basket of potential investment options to choose from, those opportunities with more visibility in the sustainability of their cash flows are at an advantage in uncertain economic environments.

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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. This economic environment will continue to test a lot of companies. That’s where proptech can step in.

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The end of a second straight month of layoffs in tech

TechCrunch

The layoff comes nearly three months after Backstage Capital narrowed its investment strategy to only participate in follow-on rounds of existing portfolios. This workforce reduction further underscores that the venture capital firm is struggling to grow, both externally and internally. The StockX EC-1.

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Mayfield’s Arvind Gupta discusses startup fundraising during a downturn

TechCrunch

It’s just different in different economic environments, it’s never shut, so to speak. After that $150 million is in, tell me about that next stage — that’s going to require more creative business models, different go-to-market strategies that generate revenues along the way. The exit value is what drives it all.

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