SaaS Weekly Roundup #47 – SaaS Funding
Stay updated the lates news: DeepL rasies $300 million; Rows secures $9 million funding;…
Latest SaaS Funding News
DeepL Secures additional $300 Million at $2 Billion Valuation
DeepL, offering AI translator and writing tools, has secured an additional $300 million led by Index Ventures and hit a $2 billion valuation. This capital will support expanded sales and marketing efforts, as well as research and development.
Nory Raises $16 Million in Series A Funding
Nory, offering an AI-powered operating system for hospitality businesses, has raised $16 million in Series A funding, with Accel leading the round. This funding will be used to accelerate its product development and international expansion.
QA.tech Secures $3.2 Million in Seed Funding Round
AI-based software testing platform QA.tech has secured an additional €3 million (~$3.2 million) in seed funding led by PROfounders. The startup plans to used this investment to develop its product and expand its team.
Lumos Secures $35 Million in Series B Funding
Lumos (IAM software) has announced a $35 million Series B funding round led by Scale Venture Partners. This funding will empower the company to expand its app and identity platform.
Also read Top 5 IAM Tools
Userfront Raises $5.3 million in seed funding
Userfront, an authentication and identity platform for SaaS companies, has raised $5.3 million in seed funding round. Its offering is now available.
Rows Raises $9 Million
Spreadsheet software Rows has raised €8 million (~$9 million) in a funding round led by Indico Capital Partners. The funding will be used to develop its AI features and strengthen its presence in key markets.
Listen to the Podcast
How investors analyse SaaS businesses
Cameron Hay, co-founder of Finomatic Consulting and an expert in supporting private equity-backed SaaS firms, joins host Joran Hofman to discuss how investors evaluate SaaS businesses.
Watch SaaS Video
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How Businesses Buy Software
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