Stay updated on the latest news on SaaS: Oyster secures $59 million Series D; Paylocity acquires Airbase.
Latest SaaS Funding News
Oyster Raises $59 Million Series D at a $1.2 Billion Valuation
Oyster, a global employment platform, has raised $59 million in Series D funding led by Silver Lake Waterman, bringing its total funding to $286 million. With this investment, the company hit a valuation of $1.2 billion.
The funding will enable Oyster to accelerate its platform roadmap, expand its impact, strengthen its customers’ compliance posture, and enhance its ability to attract and retain top talent.
Palm Secures $6.1 Million in Seed Funding
Palm, an AI-powered treasury management system, has raised $6.1 million in seed funding co-led by Speedinvest and Target Global. The company will use the funding to expand its team, establish partnerships with large consultancies, and continue its growth across Europe, the UK, and the US.
Reonic Secures $14.4 Million in Series A Funding
Reonic, a SaaS startup providing solutions for renewable technology sales, planning, and operations, has raised €13 million (~$14.4 million) in a Series A funding round led by Northzone.
Warehow Raises $2.7 Million in Series A Funding
Warehow, a multichannel e-commerce fulfillment platform, has secured a €2.5 million (~$2.7 million) Series A funding round led by the Midlands Engine Investment Fund II through Mercia Ventures. The funding will help the company enhance its technology, expand storage capacity, and boost sales and marketing efforts.
Approveit Raises $1 Million in Funding
Approveit, an IT process automation software, has secured $1 million from investors like 10vc, Verras Capital, and Telegraph Hills Capital. The company will use this funding to attract new clients and enhance its product.
Fastn Secures $2.6 Million in Seed Funding
Fastn, a no-code platform, has raised $2.6 million in a seed funding round led by LiveOak Ventures and Antler, Chris Bach, and Kyle Hency. The company plans to use the new funding to expand operations and its business reach.
Latest SaaS M&A
Paylocity Acquires Airbase
Paylocity, an HR and payroll software, has agreed to acquire Airbase – spend management software. This acquisition expands Paylocity’s suite, offering HR and finance leaders a unified platform for managing all spending and extending its market reach beyond HCM into the Office of the CFO.
Salesforce Acquires Own
Salesforce, an AI CRM software company, has agreed to acquire Own, a data protection platform.
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In this episode of the Grow Your B2B SaaS Podcast, host Jordan and Blake Hutchinson, CEO of Flippa shared the intricacies of buying and selling SaaS businesses.
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Oyster Secures $59 Million in Series D Funding at $1.2 Billion Valuation
