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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

AvidXchange previously raised $300 million in 2017 at a $1.4 percent through 2028, according to Boston Consulting Group. Automated business payments processing firm AvidXchange is launching a new fundraising round that could give the firm a $2 billion valuation, The New York Times reported on Monday (Dec. 9), citing sources.

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Model Bank 2017: Small Business and Corporate Digital Innovation Themes

Celent Banking

Operations and Risk. These initiatives drive revenue growth and loyalty because the bank’s services provide quantifiable benefits to clients that are seeking to leverage technology advances in order to more effective manage their working capital. Legacy Transformation / IT Platform Innovations. Emerging Innovation.

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New England Confectionery Co. Sells For $18.8M At Auction

PYMNTS

Ohio-based Spangler Candy Company won the auction with a bid of just under $19 million, The Boston Globe reported. “We Spangler was among two other bidders: Round Hill Capital LLC and Gordon Brothers. The candies are made in a suburb of Boston, where the company has a little more than 200 employees. Necco) has founded a buyer.

Boston 100
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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

As internet retailers are expanding their operations into brick-and-mortar operations (think Warby Parker, Argent, Bonobos, and BaubleBar ), venture capitalists are also investing in “physical-first” startups focused on creating new brick-and-mortar business models. Select VC Investors: Khosla Ventures, Social Capital.

Maine 70
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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. In 2017 to date, we have seen 21 bankruptcies. RadioShack and Wet Seal also fell victim to second bankruptcies in 2017. The List (2017). Date: December 2017.

Retail 78
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Mega-Rounds Boost Funding In Restaurant Tech

CB Insights

July 2017 saw the two largest-ever restaurant tech deals: a $151M private equity investment by Vista Equity Partners to Providence-based Upserve , and a $101M Series C (with participation from Bessemer Venture Partners, Generation Investment Management, and Lead Edge Capital) to Boston-based Toast. Annual Financing trends.

Trends 28
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Tech Center: Charlotte On The Edge of Tech Greatness

PYMNTS

The North Carolina Technology Association’s 2017 State of Technology Industry Report found that Charlotte and the Research Triangle area account for 60 percent of the state’s tech sector. Is there anything people may find surprising about operating a business there? What do you think has sparked this transformation?

Charlotte 118