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

AsiaTechDaily

With its latest funding infusion, Sunrate is poised to capitalize on this significant market growth. The company plans to allocate fresh capital to expand its range of products and services, with a specific focus on international payments and global collection services. trillion by 2030.

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

StartupNation

In 2021, we also established a partnership between Verizon’s Pro Bono Program and the Metro Detroit Black Business Alliance ’s Capital Connect Program. The COVID-19 pandemic has imposed unforeseen challenges on entrepreneurs and further accelerated a shift to digital ways of working.

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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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On Deck tried to do it all. Now, it’s trying to do less, better

TechCrunch

Erik Torenberg is no longer the co-CEO of On Deck, a tech company that is trying to productize the community in a way that helps founders secure capital and advice. The company has raised tens of millions in venture capital from investors, including Founders Fund, Village Global and Tiger Global.

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Gorgias’ valuation rises to $710M with $30M Series C for e-commerce customer support

TechCrunch

Gorgias , developing customer service tools for e-commerce companies, raised $30 million in new Series C capital in a round that boosted its valuation to $710 million. Even with all of that growth, the company is monitoring its cash burn rate in this new economic environment.

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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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Boston offers a world of advantages for startup founders

TechCrunch

It requires accelerators and incubators and coworking spaces to help nurture early ideas, and it needs VC firms investing across stages. Image Credits: Pitchbook Boston had a steady investment growth trajectory until it dropped off (like everyone else) in 2022 as investment overall slowed in an uncertain economic environment.