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Top News In Addition Ventures Today - Breaking & Trending Today

Expense management startup Navan cuts staff to find profitability ahead of delayed IPO

Valued at $9 billion in late 2022, Navan is said to be targeting an initial public offering sometime in 2024. ....

Elad Gil , Ariel Cohen , Andreessen Horowitz , Palo Alto Based , Business Insider , Navan Expense , Base Partners , Greenoaks Capital Management , Zeev Ventures , Lightspeed Ventures , Addition Ventures ,

Expense management startup Navan cuts staff to find profitability ahead of delayed IPO

Navan, an expense management startup once known as TripActions, has laid off 5% of its staff, or 145 people, a spokesperson confirmed to TechCrunch today. "Navan has recorded strong growth over the past three years despite the challenges affecting our industry," the spokesperson wrote via email, describing the cuts as a "restructuring." In October of 2022, Navan secured $150 million debt and raised $154 million in equity at a post-money valuation of $9.2 billion, up from its prior valuation of $7.5 billion. ....

Elad Gil , Ariel Cohen , Andreessen Horowitz , Palo Alto Based , Business Insider , Navan Expense , Base Partners , Greenoaks Capital Management , Zeev Ventures , Lightspeed Ventures , Addition Ventures ,

Microservices orchestration platform Temporal raises $75M and remains a unicorn

Temporal, an open source microservices orchestration platform used by companies including Netflix and Comcast, has raised $75 million. ....

Maxim Fateev , Sequoia Capital , Madrona Venture Group , Samar Abbas , Prime Unicorn Index , Index Ventures , Amplify Partners , Addition Ventures ,

Technology industry cross border venture financing deals in Europe

Top five technology industry cross border venture financing deals in Europe in September 2022, according to GlobalData ....

United Kingdom , Sam Bankman , Hanno Renner , Carsten Thoma , Gestione Fondi , Bastian Nominacher , Kreos Capital Group , Tencent Holdings , Spartan Group , Apax Digital Fund Capital , Addition Ventures , Greyhound Capital Management , Mediolanum Gestione Fondi , Fuel Labs , Bain Capital Crypto , Blockchain Capital , Blockwall Capital , Sam Bankman Fried , Stratos Technologies , Apax Digital Fund , Lugard Road Capital , Meritech Capital , Morgan Stanley Expansion Capital , One Peak Partners ,

Odeko - AlleyWatch

Odeko builds mobile ordering and supply chain tools for cafes, bakeries and coffee shops. Founded by Dane Atkinson in 2019, Odeko is backed by investors that include GGV Capital, BoxGroup, Two Sigma Ventures, Primary Venture Partners, and First Round Capital and is headquartered in New York. ....

Dane Atkinson , Box Group , First Round , Primary Venture Partners , Addition Ventures , Two Sigma Ventures ,