Venture Capital

Scalefactor Announces Suspension Of Operations

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AUSTIN, Texas--(BUSINESS WIRE)-- #ATX--ScaleFactor, the accounting and finance platform for small business, today announced it is suspending a majority of its operations. Due to headwinds created by the current economic climate, ScaleFactor is laying off half of its workforce today and retaining a portion of its team to help its current customers transition to new service providers. ScaleFactor raised a total of $100 million, including a $60 million Series C round led by Coatue. Other investors includ.

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