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Faction Technology Raises $4.3M in Seed Funding

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time! ....

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Extra Crunch roundup: Klaviyo EC-1, micromobility's second wave, UiPath CFO interview, more – TechCrunch

Extra Crunch roundup: Klaviyo EC-1, micromobility’s second wave, UiPath CFO interview, more
Origin stories are satisfying because we already know the hero will overcome the odds and in doing so, they’ll reveal their core strengths.
This week, we published a four-part series about how Klaviyo co-founders Andrew Bialecki and Ed Hallen bootstrapped their startup into an e-commerce marketing automation platform now valued at $4.15 billion.
Neither founder was bitten by a radioactive spider or received a serum that enhanced their entrepreneurial skills; instead, they focused on outreach to prospective customers to find out what they were willing to pay for and largely ignored the competition. ....

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Micromobility's next big business is software, not vehicles – TechCrunch

Micromobility’s next big business is software, not vehicles
The days of the shared, dockless micromobility model are numbered. That’s essentially the conclusion reached by Puneeth Meruva, an associate at Trucks Venture Capital who recently authored a detailed research brief on micromobility. Meruva is of the opinion that the standard for permit-capped, dockless scooter-sharing is not sustainable the overhead is too costly, the returns too low and that the industry could splinter.
Most companies playing to win have begun to vertically integrate their tech stacks by developing or acquiring new technology.
“Because shared services have started a cultural transition, people are more open to buying their own e-bike or e-scooter,” Meruva told TechCrunch. “Fundamentally because of how much city regulation is involved in each of these trips, it could reasonably become a transportation utility that is very useful for the end consumer, but it just hasn’t ....

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Toronto startup Swyft raises $17.5-million to roll out same-day delivery of online orders for smaller retailers

Kirsty O Connor/The Associated Press
After joining Amazon.com as an engagement manager in 2019, Aadil Kazmi was inundated with calls from independent merchants he knew. They all wanted to know how they could get faster, affordable shipping for their online orders, just like the e-commerce goliath offered – and had conditioned online shoppers to expect.
So he quit his $200,000-a-year job, abandoned his stock options and co-founded a company to provide the same level of speedy shipping to merchants in Amazon’s shadow. That was one year ago.
On Wednesday, Mr. Kazmi’s Swyft Technologies Inc. announced it had raised US$17.5-million, led by Inovia Capital and San Francisco’s Forerunner Ventures, after quickly establishing itself as a provider of previously unattainable Amazon-level delivery service at affordable prices to merchants in Toronto, Vancouver and Ottawa. ....

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Refraction AI to Increase Robot Deliveries with $4.2M Seed Round

Refraction AI to Increase Robot Deliveries with $4.2M Seed Round
dbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dbusiness.com Daily Mail and Mail on Sunday newspapers.

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