This Week In The SaaS Universe- Updates & Highlights With spotSaaS Weekly Roundup
Table of Contents
Latest Funding News
Apple alum’s finance operations startup raises funds to expand globally.
| Company Name | Bluecopa |
| About the company | Finance operations automation platform |
| Founder Name | Chanda Raghavendra Reddy and Satya Prakash Buddhavarapu. |
| Fund raised | $2.3 million |
| Investors | Blume Ventures |
| How will the company use the money | Expand its offering in the global market |
SquadStack Raises $17.5M in Series B Funding
| Company Name | SquadStack |
| About the company | AI-powered sales outsourcing platform |
| Founder Name | Apurv Agrawal |
| Fund raised | $17.5M |
| Investors | Bertelsmann India Investments, Chiratae Ventures & Blume Ventures. |
| How will the company use the money | The money will be used to revolutionize the 280,000 crores Indian telesales industry. |
B2B SaaS Startup CleverTap raises $105 Mn Series D led by Canada’s CDPQ
| Company Name | CleverTap |
|---|---|
| About the company | Lifecycle management and mobile marketing company |
| Founder Name | Sunil Thomas, Anand Jain, Suresh Kondamudi |
| Fund raised | $105 M |
| Investors | Canadian investment group CDPQ |
| How will the company use the money | To expand its global reach and enhance its technology offerings. |
Mergers & Acquisitions
Founderpath is aimed at bootstrapped SaaS businesses
According to a regulatory filing accessed by DealStreetAsia, Sirion Labs, a provider of software products for enterprise contract management, is buying Kenzai Intelligent Systems (Zendoc) for roughly $3 million.
According to documents filed with The Accounting & Corporate Regulatory Authority of Singapore, Sirion Labs would use a reverse triangular merger to distribute approximately 304,501 shares to Zendoc at a price of $9.852997.
OYO completes the acquisition of Denmark’s Bornholmske Feriehuse
OYO announced that its subsidiary DanCenter had successfully acquired the European provider of vacation houses Bornholmske Feriehuse. The company claims that the change is a part of its efforts to develop into a full-stack provider of vacation homes.
The platform of Bornholmske Feriehuse, with its headquarters on the Danish island of Bornholm, offers access to more than 700 properties.
Danish SaaS startup is acquired by a global provider of products in the areas of heat transfer
BunkerMetric, a bunker procurement optimization tool developed in Lyngby, has been purchased by StormGeo, an Alfa Laval company that specializes in heat transfer, centrifugal separation, and fluid handling and operates in the energy, marine, and food and water sectors. It offers its knowledge, products, and services to a variety of industries in about 100 different countries.
SaaS news of the week
Weedmaps for Business debuts as a SaaS suite for cannabis retailers and brands
Boosting next-generation AI website conversion platform for marketers
UK government backs OX Delivers with €10 million to make inroads in Rwanda
Listen to Podcast
The major news stories of the week are discussed with the who, what, where, and why added by Robin and Dan. Listen here: The Drive at Five with Robin and Dan
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