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Venture capital funding may have slowed, but VC firms have no problems raising new funds

TechCrunch

As the market swoons, venture capital firms continue to announce new funds. Haris Khurshid, general partner at Chalo Ventures , launched a $50 million second fund focused on investing in Pakistani startups and a smaller percentage in Latin American startups. Venture capital slowed in Q2 (but it’s evolving).

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The Rising Stakes in SaaS

Tomasz Tunguz

Last week, I participated in two discussions about the changes in the SaaS world. The level of competition in many core SaaS segments is intense. The SaaS era is about 20 years old. Venture capitalists have financed many of those businesses. Those venture dollars have financed a panoply of competition.

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Truepill’s latest funding boosts valuation to $1.6B as it works on B2B side of healthcare

TechCrunch

After developing a network of telehealth, diagnostics and pharmacies for consumers, digital health company Truepill is targeting healthcare incumbents like health payers, providers and employer groups. The company’s “big focus is continuing the vision of transforming healthcare,” said Sid Viswanathan, president and co-founder of Truepill.

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The Decline of New SaaS Company Formation

Tomasz Tunguz

This is counterintuitive considering the broader venture capital backdrop of near record venture investment in software. Second, the key systems of record in SaaS are already in place. We haven’t really seen a discontinuity of the magnitude SaaS presented to server/client, yet. Chat bots, too, are early.

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Citi backs Crowdz, a Pipe competitor that just raised $10M for its blockchain-powered invoice financing marketplace

TechCrunch

Now, the company aims to help companies with recurring revenue access upfront capital they need without having to dilute their equity by taking venture dollars or take on loans. Specifically, its latest offering is designed to serve subscription, membership and SaaS (software-as-a-service) service companies.

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TechCrunch+ roundup: Creating financial models, UiPath’s plummet, pitch deck pro tips

TechCrunch

Last quarter, UiPath grew its revenue by 39%, so “the company fits neatly into the high-growth SaaS bucket,” wrote Ron and Alex Wilhelm. Felicis Ventures partners share the four pillars of scaling a SaaS startup. Felicis Ventures partners share the four pillars of scaling a SaaS startup.

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CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups

TechCrunch

When much of the shopping shifted online during the global pandemic, startups developing software and other products to aid the transition began to garner attention from venture capital firms. reported this month that $51 billion of venture capital was invested into U.S. London & Partners and Dealroom.co

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