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LeadIQ’s rapid growth snags venture attention as sales software market stays hot

TechCrunch

This morning LeadIQ , a startup working in the sales software market, announced that it has closed a $30 million Series B led by Cathay Innovation. According to Siauw, the effort will help sales teams better work with marketing teams, allowing for more complete information sharing and hopefully better sales results.

Marketing 178
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OpenSponsorship lands new capital to bring brands, athletes together

TechCrunch

Ishveen Anand grew up in England playing sports all of her life, including during her time at Oxford. She wanted to do something sporty for a career and “fell in love” with sponsorship marketing. The round is led by Philadelphia 76ers owner David Blitzer, who is joined by Eric Stern and executives from WWE and Excel Sports Management.

Sport 214
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Draftea kicks off LatAm fantasy football with NFL partnership, fresh funding

TechCrunch

Draftea , which calls itself the first daily fantasy sports company in Spanish-speaking Latin America , is taking fantasy football (not fútbol) to the region in a new partnership with the National Football League (NFL) and the NFL Player’s Association, a labor union representing the league’s athletes.

Sport 162
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Forbes jumps into hot media liquidity summer with a SPAC combo

TechCrunch

The business publication’s news follows BuzzFeed’s journey to the public markets through a blank-check company. The Exchange explores startups, markets and money. Forbes reports that it will sport “an implied pro forma enterprise value of $630 million, net of tax benefits,” after its completion.

Media 252
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CIOs rethink all-in cloud strategies

CIO

Enough people are realizing that the cloud marketing spiel doesn’t necessarily match their reality.” Any organization of size, dealing with diverse technology, is doing their company a disservice if a public cloud–only strategy is their ultimate end goal,” says Brian Shields, SVP and CTO of Boston Red Sox and Fenway Sports Management.

Strategy 361
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It turns out fintech is worth as much as SaaS

TechCrunch

The Exchange explores startups, markets and money. At $43 per share, Remitly is valued less like a fintech company with gross margins in the 50% to 60% range and more like a middle-tier public SaaS firm, flush with recurring revenues and net-dollar retention north of 100%.

Fintech 254
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How will investors value MetroMile and Oscar Health?

TechCrunch

In the wake of last year’s debuts by neoinsurance companies Lemonade and Root, it’s not surprising to see others test the public markets. The Exchange explores startups, markets and money. Lemonade, for reference, sells rental insurance with an eye on going up-market in time to other forms of home-focused insurance.

Insurance 183