LVenture Group

PR Newswire | April 10, 2020

Small businesses are suffering as a result the of COVID-19 pandemic, but there are some bright spots according to a new report from the Electronic Transactions Association (ETA) and The Strawhecker Group (TSG) released today. In a survey of small business owners conducted in late March, almost 40 percent reported that their business operations area closed temporarily or indefinitely. Eating and drinking establishments, education, non-profit and related businesses and retail have been hardest hit...

FINANCE

Novo | January 12, 2022

Novo reported that it has raised $90 million in Series B fundraising at a valuation of $700 million. Novo is a banking platform for small businesses. Stripes led the investment, with current investors Valar Ventures, Crosslink Capital, Rainfall Ventures, and BoxGroup continuing to participate. Novo's total funding to date exceeds $135 million. Michel Rangel, CEO, and co-founder of Novo, stated, "With this additional funding, Novo will take a huge leap forward in improving...

Business Wire | September 07, 2020

ECI Software Solutions, a leader in cloud-based business management solutions, today announced that it has acquired ThermoGRID, a cloud-based solution that makes doing business more efficient and profitable for small to medium residential service companies. ThermoGRID will become part of ECI’s Field Service division, under division president Laryssa Alexander, and will enable ECI to reach a new segment of the market: residential service companies, including HVAC, electrical and plumbing....

PNC | September 28, 2020

Amid this year's historic coronavirus pandemic, businesses are adapting by making major changes to their operations including increased use of technology, according to the latest PNC semi-annual survey of small and mid-size business owners and executives, which concluded Sept. 8. Eight in 10 (79%) reported that they have made adaptations to their business in response to COVID-19, including safety changes (69%) in the form of new policies and procedures (62%) or physical modifications ...