SpotSaaS Weekly Roundup #17

This Week In The SaaS Universe- Updates & Highlights With spotSaaS Weekly Roundup 

Latest Funding News 

CyVers Raises $8 Million in Seed Round

Frame AI Raises $7.6 Million

Pinata Raises $10 Million

Dutch e-commerce brand buyer Dwarfs secures another €30 million

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.

Listen here

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.

Learn more here

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.

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