This Week In The SaaS Universe- Updates & Highlights With spotSaaS Weekly Roundup
Latest Funding News
Graneet raises $8.7 million for its vertical SaaS for construction companies
| About the company | Graneet is a French startup building an all-in-one software-as-a-service product focused on small construction companies. |
| Founder name | Jean-Gabriel Niel |
| Funds raised | €8 million ($8.7 million) in a Series A funding round led by Point Nine and Foundamental, with participation from Axeleo Capital, RAISE Sherpas’ philanthropic vehicle Phiture, and several business angels. |
| Investors | Point Nine, Foundamental, Axeleo Capital, RAISE Sherpas’ philanthropic vehicle Phiture, and several business angels including Rodolphe Ardant, Nicolas Dessaigne, and JC Taunay-Bucalo. |
| Use of funds | Expanding customer acquisition and improving the product to better serve customers by offering more possibilities within the product. |
Stylework raises $2million in Series A funding
| About the company | Stylework is a B2B SAAS marketplace for coworking spaces that provides a corporate product suite to optimize office space expenditures, allocate resources to employees, increase productivity and effectiveness, and lower costs. |
| Founder name | Sparsh Khandelwal |
| Funds raised | $2 million in Series A1 round |
| Investors | QI Ventures, We Founder Circle, iAngels Network, Sateeq Invest, certain global HNIs, and others |
| How will the company use the money | To focus on deep integrations with supply coworking brand partners to scale up and have a substantial impact on the coworking business in India. To achieve this, the company will pay attention to details in packaging and scaling the membership systems of coworking spaces. |
Officebanao raises $6million led by Lightspeed ventures
| About the company | Officebanao is an Indian startup offering a workspace interiors platform to businesses in the country. |
| Founder name | Tushar Mittal, Akshya Kumar, Divyanshu Sharma |
| Funds raised | $6 million in seed funding led by Lightspeed |
| Investors | Lightspeed, with participation from other investors |
| How will the company use the money | The funds will be used to expand the platform’s end-to-end service, develop innovative technology solutions to improve the interior design process for workspaces, and further streamline the company’s operations. |
CarmaCare raises $4.5million led by Inspired Capital
| About the company | CarmaCare is a startup providing a healthcare-for-your-car subscription service, aiming to take over where traditional car insurance leaves off and to provide an easier way to buy extended warranties. |
| Founder name | Jonathan Palan |
| Funds raised | $4.5 million in new funding raised at the end of 2022 |
| Investors | Inspired Capital (lead), Twelve Below, Revelry, 81 Collection |
| How will the company use the money | Investing in product and technology team, customer acquisition strategies, hiring underwriters and data scientists, raising a small debt facility to begin financing customers and other new products. |
SaaS News of the Week
Varonis Systems Opens Australia Data Center to Support SaaS Customers
Varonis Systems has opened its first data centre in Sydney, Australia, to cater to its growing client base and aid companies in demonstrating compliance with national data sovereignty laws. The move comes in response to the rising number of ransomware attacks affecting Australian businesses and proposed amendments to the Australian Privacy Act. The new data centre enables Varonis customers to utilise its SaaS offering, which features automated protection against ransomware and insider attacks.
Artifact, the news aggregator from Instagram’s co-founders, adds a social discussions feature
Instagram founders’ personalized news app, Artifact, has added a social discussions component that allows users to comment and engage in conversations around news articles. Users have to create a profile on the service to leave a comment, and Artifact will give each new profile a “reputation score” based on community upvotes and downvotes on users’ comments. The score will be displayed next to every commenter’s display name and on each community member’s profile.
Listen to the podcast 🔊
The podcast episode discusses how LinkSquares refined its GTM approach, focused on unit economics, and recruited a team of experts, leading to a successful SaaS business. The company’s humble beginnings, including interviewing potential customers for nine months, ultimately paid off.
Watch This SaaS Video 📸
That’s it from our end for the previous week.
Stay tuned for further updates. Ciao 🙂
