https://techcrunch.com/2020/10/30/teampay-adds-5m-to-its-series-a-at-higher-valuation-after-growing-arr-320-growth-since-the-rou

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What do you call the grey area between a Series A and a Series B? In 2020, when the money is taken on opportunistically, you call it a Series A-1 extension, according to Teampay . Even if the new capital was raised at a new, higher valuation. At least that’s what Teampay CEO Andrew Hoag has done with his company’s new $5 million investment, adding it onto its September, 2019-era Series A. TechCrunch covered that round , and the company’s $4 million seed round in 2018 , keeping tabs on the corporate spend-management company as it grows. Indeed, Teampay has posted big growth since its Series A was announced, pushing its annual recurring revenue (ARR) up by 320% and its total spend managed u... Full story

30 October

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