Technology & Communication
The asset values for e-commerce and technology start-ups have fallen significantly and a number of capital raising have resulted in what are “down rounds” highly dilutive capital raisings.
In the past 6 months we have then started to see layoffs across the start up space as they sought to become cash flow positive or at least decrease the cash drain. This has not however stopped the closures in the fast grocery delivery space and with food operator Deliveroo.
Olvera has worked with a number of start-up organisations working through changes in the industry supporting them through safe harbour programmes and new capital raises.
Investors have become more reticent in continuing to fund new businesses that are focused solely on revenue growth demanding that they manage the cash burn and move to positive cash generation.
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