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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. Paul Meng, the co-founder of Sunrate, expressed his appreciation for the investments made by new and existing prestigious investors.

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

TechCrunch

Alex Rinke, Bastian Nominacher and Martin Klenk launched the company as a spin-off from the Technical University of Munich, and in 2012, Celonis joined the SAP Startup Focus program, an accelerator for analytics startups building new applications on the SAP HANA platform. Major RPA vendors have invested in building out process mining.

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

TechCrunch

Torenberg, an early Product Hunt employee and the founder of investment firm Village Global, assumed the role only a year ago. It resembles a classic accelerator, but perhaps one step earlier than a Y Combinator. Tiger’s investment was designed to give it a clearer view of the pre-seed and seed world.

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Should Founders Still Raise in an Economic Downturn?

Dream It

In fact, Jason started investing during the financial crisis. Jason invested in companies like Uber and Calm during the financial crisis. In general, companies can expect to come out of accelerators at half the valuation they would otherwise have in favorable economic environments. Takeaways Survival is key.

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

TechCrunch

“In today’s economic environment, Teampay’s software-led approach has proven resilient — as we saw in late 2020 to 2021, when the economy rebounds, Teampay benefits disproportionately through accelerated growth … We increased our debt facility for additional flexibility in uncertain times.” This year, $1.6

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

Entrepreneur's Handbook

Even the growth rates of the cloud providers have begun to decelerate as customers scrutinize spending more carefully (true for AWS & Azure, GCP revenue growth accelerated slightly). You need to plan to achieve your targets COVID and a low cost of capital were a tailwind for more technology businesses than we realized.

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Boston offers a world of advantages for startup founders

TechCrunch

It needs a couple of successful exits, which in turn drives angel investing as entrepreneurs growing increasingly wealthy look to help new founders building companies reach their own goals. It requires accelerators and incubators and coworking spaces to help nurture early ideas, and it needs VC firms investing across stages.