This Week In The SaaS Universe- Updates & Highlights With spotSaaS Weekly Roundup
Latest Funding News
BlackCurve Raises £750,000 in Funding
| Company Name | BlackCurve |
|---|---|
| About The Company | BlackCurve is an eCommerce pricing headquarters that aids online merchants in comprehending their rivals and using price to enhance the effectiveness of their digital marketing. |
| Founders’ Name | Philip Huthwaite and Charles Huthwaite |
| Funds Raised | £750,000 |
| Investors | VC Nauta Capital and ACF Investors |
| How will the company use the money | The money will be utilized to lower its cost of selling and increase its core online markets. |
Barley Raises $4 Million in Seed Round
| Company Name | Barley |
|---|---|
| About The Company | Barley is a compensation management software that makes it simple to plan, examine, and manage compensation while keeping an eye on the market’s shifting pay patterns. |
| Founders’ Name | Jafar Owainati and William Mainguy |
| Funds Raised | $4.0M |
| Investors | Golden Ventures, Union Capital, & collective investors |
| How will the company use the money | The funds will be used for product development and to expand its go-to-market teams. |
Secuvy Raises Funding Round
| Company Name | Secuvy |
|---|---|
| About The Company | A contextual intelligence platform for data privacy, security, and governance is provided by Secuvy. For the Fortune 5000, they offer the data-oriented approach that automates data search, classification, and assessments. |
| Founders’ Name | Prashant Sharma & Vaibhav Mehrotra |
| Funds Raised | NA |
| Investors | Dell Technologies Capital & WestWave Capital, with participation from Z5 Capital. |
| How will the company use the money | The money will go toward speeding the company’s expansion goals, growing the staff, and advancing and improving the Secuvy privacy and security platform. |
Mergers & Acquisitions
Cuadrilla-Backed Chartbeat Purchases Lineup and Tubular
Premier corporate software investment firm Chartbeat, a software platform for content analytics, announced the acquisition of Tubular Labs, a platform for social video measurement and intelligence, and Lineup Systems, a platform for managing advertising and subscription revenue.
Bloomberg to acquire fintech solutions provider Broadway
Subject to regulatory approvals, Bloomberg has entered into a deal to purchase Broadway Technologies, a provider of front-office fintech solutions, for an undisclosed sum.
Brazilian Software Acquirer Nuvini to Merge with SPAC Mercato to Fund Further Purchases and Enhancements
Mercato, a special purpose acquisition firm based in Utah, has declared its intention to merge with Nuvini Group, a private Brazilian software industry acquirer. After the merger, the business will trade as Nuvini and have a combined enterprise value of $312 million.
SaaS News Of The Week
Market investment in FinTech soars this week with huge Stripe raise
Last week, FinTech Global revealed a record $7.2 billion in financing, with the industry leader Stripe leading the rest with a hefty $6.5 billion raise.
Silicon Valley Bank collapse: Which Irish and European companies are affected?
The startup-focused lender Silicon Valley Bank (SVB) failed last week, becoming the biggest bank to do so since the financial crisis of 2008. This shockwave affected markets worldwide as investors and corporations were left holding billions of dollars that belonged to them.
Learn about startups impacted with the shut down in the blog
Listen To The Podcast 🔊
Nobody in SaaS wants to talk about this
Nobody in SaaS wants to discuss sales tax compliance. It became a nightmare when Jon Buda and Justin Jackson attempted to fix it.
Software providers may be required to register in around 90 different locations, in which case Stripe Tax will calculate, gather, and send sales tax on their behalf.
The podcast has more information.
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