Ali Rathod-Papier has stepped down from her role as global head of compliance at corporate card expense management startup Brex to join venture firm Andreessen Horowitz (a16z) as […]
After surpassing $100M in ARR, Harness Labs grabs a $150M line of credit
Harness Lab isn’t founder Jyoti Bansal’s first startup. He sold AppDynamics to Cisco for $3.7 billion in 2017, the week it was supposed to go public. His latest […]
Startup neobank Mercury is taking on Brex and Ramp with new bill pay, spend management software
Digital banking startup Mercury is layering software onto its bank accounts, giving its business customers the ability to pay bills, invoice customers and reimburse employees, the company has […]
Startups Weekly: Is the wind going out of the AI sails?
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every […]
HR startup Rippling is in discussions to raise at a $13.4B valuation, up from $11.25B
The round could total $870M, including $670M worth of secondary Late stage HRtech startup Rippling is raising new capital. The company’s new round, that has not yet closed, […]
Furnished rental startup Blueground defies proptech woes with $560M in revenue, a new $45M raise
Alex Chatzieleftheriou founded Blueground in 2013 after being frustrated with the dearth of short-term furnished apartments in Europe. He had been traveling as a consultant for McKinsey, living […]
VCs double down on fintech Coast, which aims to be the Brex for ‘real-world’ industries
The expense management arena is a crowded one, with well-funded players such as Brex, Ramp and Navan all clamoring for market share. Those companies are generally focused on […]
‘Banking as a Service’ startup Griffin riases $24M and attains full banking licence
Founded by former Silicon Valley engineers, UK-based Griffin Bank bills itself as an API-driven ‘Banking as a Service’ platform. After raising $28.1 million, it has now raised another […]
Techstars CEO defends changes, says physical presence in a city is not necessary for investment
Earlier this week, accelerator group Techstars announced changes to its operations. But what was planned internally to be an exciting new chapter for the organization ended up being […]
Brex cuts 20% of staff amidst reports of stalled growth, high burn
Expense management startup Brex, which was valued at $12.3 billion two years ago, laid off 282 people, or about 20% of its staff today. The once high-flying fintech […]