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Fintech startup Level abruptly shuts down after burning through $27 million of investors’ cash

Level, a benefits startup focused on providing flexible employee benefits, abruptly shut down on Thursday. The company informed its clients that efforts to sell the business had failed, forcing the closure and leaving customers in a difficult spot, according to […]

The post Fintech startup Level abruptly shuts down after burning through $27 million of investors’ cash first appeared on Tech Startups.

Bench, a popular accounting platform startup, acquired by Employer.com 3 days after abrupt shutdown

Popular accounting startup Bench abruptly shut down on Friday, marking a dramatic end for a company that had once been a favorite among small businesses and startups across North America. The closure comes just a few years after venture capitalists […]

The post Bench, a popular accounting platform startup, acquired by Employer.com 3 days after abrupt shutdown first appeared on Tech Startups.

Northvolt, once a symbol of Europe’s electric car revolution, files for bankruptcy after burning through $10 billion in investor cash

Just last week, we covered the collapse of Northvolt after its CEO and co-founder, Peter Carlsson, stepped down following a Chapter 11 bankruptcy filing. Once viewed as the driving force behind Europe’s electric car revolution, the Swedish EV battery startup […]

The post Northvolt, once a symbol of Europe’s electric car revolution, files for bankruptcy after burning through $10 billion in investor cash first appeared on Tech Startups.

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