SaaS Weekly Roundup #48
Stay updated on the latest funding, as well as insights on SaaS.
Latest SaaS Funding News
FintechOS Secures $60 Million in Series B+ Funding
Financial product management platform FintechOS has closed a $60 million Series B+ funding round led by Molten Ventures, Cipio Partners, and BlackRock. The investment empowers the company to accelerate global expansion, making core modernization more accessible to the financial services industry.
Product Fruits Raises $1.6 Million
AI-powered client onboarding platform Product Fruits has successfully raised a second $1.6 million in funding led by Reflex Capital in less than a year. In addition to funding AI development, the company plans to use this latest investment to expand its team by at least ten people.
ZeFi Secures $1.7 Million in Pre-seed Funding
AI-powered feedback analytics platform ZeFi has raised €1.6 million (~ $1.7 million) in a pre-seed fund round led by 360 Capital and 14Peaks Capital. The startup plans to use the funding to attract the best tech talent across Europe and provide its customers with a product of unparalleled excellence.
Kintsugi Secures a $6 Million Series A Funding Round
Kintsugi, a sales tax compliance software, has secured $6 million in Series A funding at around $40 million valuation led by Link Ventures. The company plans to use the investment to expand its presence into Canada, the UK, and the rest of Europe.
StructureFlow Raises $6 Million in Series A Funding
Data visualization platform StructureFlow has closed a $6 million Series A funding round led by FINTOP Capital, bringing its total funding to $15 million. The investment will empower StructureFlow to leverage AI further to accelerate its product development and grow its international presence.
EthonAI Secures $16.5 Million in Series A Funding
Manufacturing analytics system EthonAI has raised CHF 15 million (~ $16.5 million) in Series A funding led by Index Ventures. The funding will enable the company to accelerate its enterprise expansion and enhance its AI capabilities.
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Top 10 GTM Mistakes
Founder and CEO of SaaStr Jason Lemkin shared valuable insights into the common mistakes founders make in their go-to-market (GTM) strategies. Also, he provides tips and tricks to overcome these challenges and achieve success.
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Must-Read
Saas Startup Funding Falls
Interest in SaaS has cooled recently, despite a slight rebound in overall U.S. venture funding. So far in 2024, SaaS and enterprise software companies have raised $4.7 billion, well below last year’s $17.4 billion, which was the lowest in years, according to Crunchbase.
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