Telehealth startups get vetted as layoffs loom, TripActions keeps pushing, and more - December 9, 2022

December 9, 2022 [Telehealth startups pivot (yet again)]( As tech companies slash their workforces and tighten their 2023 budgets, employers that once embraced shiny new perks to attract and retain talent are reevaluating their benefit offerings. Following suit, startups that made employer benefits their bread-and-butter business model are also shifting gears to depend on them less. [TripActions secures $400M of credit just months after recent raise]( The new credit facilities come less than two months after the business travel startup raised a $304 million Series G at a $9.2 billion valuation. [Crunchbase data digest: Unicorns herd drops, AI takes over, and more]( This week we learned (sadly, what we already knew), professional writers are just as replaceable — or at least pretty close to replaceable — as anyone else. This, from the launch of ChatGPT. We also saw some companies lose a coveted spot on [The Crunchbase Unicorn Board]( as the FTX fallout continued to wreak havoc on the startup world. [How likely is a recession in 2023? You tell us.]( Fill out Crunchbase News’ short reader survey to share your thoughts on the likelihood of a recession, your outlook for hiring and cost-cutting in 2023, and more. [Value vaporized from the Unicorn Board With FTX collapse]( Four newly minted unicorn companies joined [The Crunchbase Unicorn Board]( in November 2022, while three got booted. This is the lowest count on record for new unicorns since the beginning of 2020. [10 biggest rounds of November: Clean energy, health care lead]( November can drag for funding as Thanksgiving can slow things down. Or it could just be another sign of the ever-slowing VC market. It’s hard to tell, but this year’s fourth quarter certainly is not last year’s as we look at the big(ger) winners. [How VCs invest in crypto will be changed by FTX’s spectacular fall]( Those in the crypto investment business say as 2023 dawns some significant investing trends should emerge in crypto and beyond due to FTX’s dramatic collapse. Due diligence, asset sell-offs and increased scrutiny are likely. [Writing-focused startups draw big bucks]( The ongoing tech world buzz around OpenAI’s newly launched ChatGPT writing bot prompted us to take a look at other funded startups in the space. Using Crunchbase data, we identified a sample set of 20 companies along these lines. Exclusive End-Of-Year Promo Discover companies in a position to buy right now with Crunchbase Pro - now 20% off with code CLOSE2022. Redeem now to increase your ROI with a single solution. [Redeem Offer]( [Enhance Your Sales Team’s Prospecting]( [Crunchbase Enterprise is an all-in-one prospecting solution. Download this product overview sheet to learn how to close more deals without the headache.]( [Download Now]( Crunchbase Pro: Searches and Lists Name Type Entries [Companies acquired by VMware]( Acquisitions 50 [Stanford alumni who founded US-based companies]( People 5232 [8VC portfolio]( Companies 183 [More Featured Searches and Lists]( [Check out our Crunchbase solutions here]( – prospecting tools made for everyone Recent Investments [Einride]( [$300M]( / [Debt Financing]( Einride is a freight technology company providing digital, electric, and autonomous shipping. Categories: Autonomous Vehicles • Electric Vehicle • Logistics • Transportation Founders: [Filip Lilja]( [Linnéa Kornehed]( [Robert Falck]( Investors: [Barclays Corporate Banking]( (Lead) [First Mode]( [$200M]( / [Series A]( First Mode helps governments, companies, and individuals identify and replace equipment that generates greenhouse gas emissions. Categories: Aerospace • CleanTech • Environmental Engineering • Industrial Engineering • Mining Technology • Transportation Founders: [Joshua Weiss]( [Krunal Desai]( [Maggie Scholtz]( [Riley Chapin]( Investors: [Anglo American]( (Lead) [Drata]( [$200M]( / [Series C]( Drata is a compliance and security SaaS platform that automates the compliance workflows on a company's security controls. Categories: Compliance • SaaS • Security Founders: [Adam Markowitz]( [Daniel Marashlian]( [Troy Markowitz]( Investors: [GGV Capital]( (Lead), [ICONIQ Growth]( (Lead), [Alkeon Capital]( [+ 12 more]( More Fundings Company Amount / Round Lead Investor [Einride]( $200M / [Series C]( - [Goodleaf Farms]( $150M / [Private Equity Round]( [McCain Foods]( [Sonatus]( $75M / [Corporate Round]( [Foxconn]( [Hunt Club]( $40M / [Series B]( [Sator Grove Holdings]( [Ubie]( $19M / [Series C]( - [Vaultree]( $13M / [Series A]( [Molten Ventures]( [Ostrom]( 9.3M EUR / [Series A]( [Adjacent]( [Ubie]( Unknown / [Debt Financing]( - [All Recent Funding Activity]( Recent Acquisitions [Sunsure Energy]( Pending acquisition by [Partners Group]( for $400M More Acquisitions Company Acquired By Amount [TextileGenesis]( [Lectra]( 15M EUR [All Recent Acquisition Activity]( Upcoming Tech Events Accelerator Deadlines Date Accelerator Location Dec 16, 2022 [Founder Fellowship]( New York Jan 20, 2023 [B4i - Bocconi for innovation]( Milan [More Upcoming Deadlines]( Don’t see your event? 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