SaaS Weekly Roundup #58
Stay updated on the latest news on SaaS: Bounti raises $16 million; PastPay secures $13 million.
Latest SaaS Funding News
Akur8 Secures $120 Million in Series C Funding
Akur8, an insurance pricing and reserving platform, has secured a $120 million Series C funding round led by One Peak, bringing its total capital to $180 million. The new funding will strengthen Akur8’s ability to grow its product range and drive its expansion in important global markets.
wealth.com Secures $30 Million in Series A Funding
Estate planning software company wealth.com has closed a $30 million Series A funding round led by Google Ventures. The funding will empower the company to accelerate the development of advanced features.
Zevero Secures $7 Million in Seed Funding
Zevero, a carbon accounting platform, has secured a US$7 million inaugural seed funding round led by Spiral Capital. The funding will accelerate Zevero’s growth. It will also allow the platform to keep up with the rising global demand for complete sustainability solutions, with a focus on improving its decarbonization features.
Timefold Raises $6.7 Million
Timefold, a planning optimization platform, has raised €6 million (~$6.7 million) in a seed funding round led by Lakestar. The funding will accelerate the development and launch of Timefold’s innovative PlanningAI technology, built to solve complex scheduling and routing problems for large businesses.
Patchstack Raises $5 Million in Series A Funding
Cybersecurity startup Patchstack has raised $5 million in Series A funding led by Karma Ventures. The company plans to use this funding to accelerate product development and build a high-performing sales and marketing team.
Wegrow Secures $7.8 Million in Series A Funding
Wegrow, a team collaboration platform, has raised €7 million (~7.8 million) in a Series A funding round led by Nauta. The funding will enable Wegrow to expand its platform beyond marketing and sales, offering tailored AI-powered solutions for finance, supply chain, R&D, and HR teams.
FixForm Raises $1.7 Million
FixForm, a facility management software, has raised €1.5 million (~$1.7 million) from a select group of Belgian investors. The funding will enable the company to expand its solution and venture into new markets.
Mercor Raises $30 Million in Series A Funding
AI hiring software company Mercor announced a $30 million Series A at a $250 million valuation led by Victor Lazarte and Bill Gurley at Benchmark.
Latest SaaS M&A
Workday Acquires Evisort
HR global leader Workday has signed a definitive agreement to acquire document intelligence platform Evisort. Read more here.
Listen to the Podcast
Lessons from Growing a SaaS in Tough Industries
In the latest episode of The SaaS Podcast, Founder & CEO of Movo – Jason Radisson, shared his insight about growing SaaS.
Watch SaaS Video
Must-Read
From Jason Lemkin: “There Probably Is No Downturn in SaaS. It’s Time To Stop Waiting For It To End.”
Read insights from Jason Lemkin, the Founder of SaaStr, about the SaaS market.
How To Use ChatGPT For B2B SaaS Marketing
ChatGPT is a powerful AI tool. Check out ways to use ChatGPT for your marketing, with sample prompts.