This Week In The SaaS Universe- Updates & Highlights With spotSaaS Weekly Roundup
Table of Contents
Latest Funding News
CyVers Raises $8 Million in Seed Round
| Company Name | CyVers |
| About the company | Cybersecurity company |
| Founder Name | Meir Dolev |
| Fund raised | $8 million |
| Investors | Elron Ventures |
| How will the company use the money | To protect against fraudulent bitcoin purchases |
Frame AI Raises $7.6 Million
| Company Name | Frame |
| About the company | Consumer insight platform |
| Founder Name | George Davis |
| Fund raised | $7.6 million |
| Investors | G20 Ventures |
| How will the company use the money | To increase sales and advance distinctive abilities to understand customer journeys by fusing natural language with event data. |
Pinata Raises $10 Million
| Company Name | Pinata |
| About the company | Task-management solutions |
| Founder Name | Ian Ferguson |
| Fund raised | $10 million |
| Investors | M13 and Bullpen Capital |
| How will the company use the money | Expanding workforce optimization technology |
Dutch e-commerce brand buyer Dwarfs secures another €30 million
| Company Name | Dwarfs |
| About the company | Ecommerce brand |
| Founder Name | Demian Beenakker |
| Fund raised | €30 million |
| Investors | Solid Venture Partners and Harlan Capital |
| How will the company use the money | To acquire four brands |
Mergers & Acquisitions
Mangopay Acquires Fraud Protection Specialist Nethone
Payment infrastructure for platforms and marketplaces provider Mangopay is acquiring Polish fraud detection and prevention company Nethone. By folding Nethone’s expertise into their own offer, Mangopay aims to provide anti-fraud solutions specifically designed for platform businesses.
GoStudent acquires edtech peer Studienkreis
GoStudent, a global online education corporation, has recently purchased Studienkreis, a provider of private tutoring classes in the DACH region. GoStudent, a company with its headquarters in Vienna, anticipates that the addition of Studienkreis tutoring facilities will accelerate the adoption of “hybrid learning” methodologies, combining its current online learning resources with in-person instruction from the Studienkreis network.
Bath, UK-based Roqqett fintech has been acquired by Equals Group
International payments company Equals Group has acquired Bath, UK-based Roqqett fintech firm Roqqutt for up to £2.25 million. The latter is likely to be paid in less than a year and will pay an initial £1 million in cash, followed by payments based on specific platform capabilities being developed.
SaaS News of the Week
Ex-Teleclinic founder Reinhard Meier starts Yzr Capital with €100 million fund
In an effort to invest more capital in digital health during its early-stage growth phases, Reinhard Meier, the co-founder of the German telemedicine company Teleclinic, has launched a new venture capital firm. According to the German publication Handelsblatt, the new venture capital firm, known as Yzr Capital, is announcing its maiden fundraise for a €100 million LP vehicle that has already raised 60% of its total corpus.
eFounders rebrands to Hexa, morphs into a studio for startup studios
Franco-Belgian eFounders, which has been largely credited with inventing the “startup studio” concept since its initial launch approximately 12 years ago, is prepared for its next performance: Hexa, a platform for vertical startup studios. After eFounders developed two spin-offs for finance businesses named Logic Founders and for Web3 efforts, dubbed 3 founders, this has been anticipated for a while.
Positon Launches PosiVault, an AI-Powered SaaS Application for Programmatic M&A
Positon.ai today announced the Alpha release of PosiVault on select availability. PosiVault is an AI-powered and automated M&A workflow that supports workstream leads across both the buyers and sellers to exchange information in a secure, efficient, and intelligent manner, at scale.
Listen to Podcast
SaaS Breakthrough – Featuring Maeva Cifuentes
Maeva Cifuentes is the founder of Flying Cat Marketing, a full-service SEO agency run entirely by women for hyper-expanding B2B martech, salestech, and proptech SaaS businesses. In order to achieve challenging growth objectives through organic search, Flying Cat Marketing partners with organisations like Hotjar, Mixmax, ActiveCampaign, and Oper. Seventeen nations are represented on the Flying Cat Team, which is composed of 80% of women.
SaaS Learning Section
How to Select the Right Supply Chain Network Optimization Software
Choosing the best supply chain network optimization software for your company can seem like a daunting task with so many vendors and solutions available today.
Must-Read
Jasper, Cerebras Partnership Changes the Game for FastSaaS
FastSaaS is a growing trend, with companies leveraging AI-generative and no-code capabilities to create their product. VCs have been pouring money into generative AI startups. According to data from Pitchbook, in 2021 and 2022, the total VC funds amounted to $1130 and $1300 million, respectively, relative to 2020 figures of merely $230 million. But, there have been looming concerns that perhaps all companies are rushing to be the next Super app.
Why SaaS Vendors Need to Give Back to Open Source
Companies have adopted open-source tooling widely in recent years due to its prevalence and dominance. As open-source, free tools, items like Elasticsearch, Spring, and Akka are extremely well-liked. Unfortunately, the open-source philosophy is frequently honoured to only a partial extent.
