This Week In The SaaS Universe- Updates & Highlights With spotSaaS Weekly Roundup
Latest Funding News
MakerDojo has raised $1.5 million
| Company Name | MakerDojo |
| About the company | Blockchain SaaS firm |
| Founder Name | Priyank Chodisettiby, Vignesh Aigal, and Ajay Chintala |
| Fund raised | $1.5 million |
| Investors | Leo Capital |
| How will the company use the money | To extend the company’s capabilities for all significant blockchain protocols through product innovation and talent acquisition. |
Zeus received £1.8 million
| Company Name | Zeus |
| About the company | Fleet management |
| Founder Name | Bob Grinstead |
| Fund raised | £1.8 million |
| Investors | Robin Ladow, Ahmed Abou Hashima, Jai Shroff and others |
| How will the company use the money | To grow their clientele in Europe and develop new SaaS solutions to further digitize their clients’ supply chains and hasten the adoption of sustainable freight. |
FitBudd raised $3.4 million
| Company Name | FitBudd |
| About the company | Fitness and wellness software |
| Founder Name | Saumya Mittal, Pranav Chaturvedi, and Naman Singhal |
| Fund raised | $3.4 million |
| Investors | Accel India, Beenext, Sequoia Capital India, and Waveform Ventures |
| How will the company use the money | FitBudd has used the money to develop new products, increase the size of its customer base, and break into the international health and fitness sector. |
Factorial received over €120 million
| Company Name | Factorial |
| About the company | HR management tool |
| Founder Name | Jordi Romero |
| Fund raised | €120 million |
| Investors | Atomico team |
| How will the company use the money | To quicken international expansion and improve what it has to offer SMBs. |
Airwallex has raised US$100 million.
| Company Name | Airwallex |
| About the company | Global fintech platform |
| Founder Name | Jack Zhang, Max Li, Lucy Liu, Xijing Dai, Ki-lok Wong |
| Fund raised | $100 million |
| Investors | Square Peg, Sequoia Capital China, and Tencent, among others |
| How will the company use the money | To continue their growth strategies, broaden their product offerings, and hire some of the world’s top people thanks to this extra runway. |
ZenHR has secured $10 million
| Company Name | ZenHR |
| About the company | HR software |
| Founder Name | Yousef Shamoun and Mohamad Haj Hasan |
| Fund raised | $10 million |
| Investors | Rua Growth Fund |
| How will the company use the money | ZenHR will keep its attention on gratifying its clients and providing top-notch HR solutions in MENA across the employee lifecycle. |
Mergers & Acquisitions
BNP Paribas acquires UK fintech Kantox for €120 million
After a three-year partnership, the currency management automation software company Kantox with headquarters in London has announced its acquisition by BNP Paribas.
In a variety of various industries, including e-commerce, manufacturing, and the oil and gas sectors, Kantox assists businesses in managing their FX process and using currencies for growth.
Indianapolis-based tech firm Saaslio acquired by a Canadian company
Indianapolis-based The Waterloo, Ontario-based Auvik, which sells cloud-based network management software, purchased Saaslio because of its ability to help IT departments monitor the applications that their employees are using remotely.
SilverEdge’s Robert Miller: QVine Acquisition to Complement SaaS Offerings for Intell Market
The acquisition of cloud services provider QVine by software business SilverEdge Government Solutions, funded by private equity firm Godspeed Capital Management, aims to complement SilverEdge’s work on software-as-a-service platforms for defence and intelligence customers.
Acroud AB Acquired 60% of Affiliation and Media Company
For a total of £5.1 million ($5.8 million), Acroud AB, a global provider of Software as a Service (SaaS) solutions to the affiliation market, announced the purchase of a 60% stake in an affiliation and media company.
SaaS News of the Week
Nudge Security Launches to Provide ‘People-First’ IT Services to Companies
Austin-based Nudge Security works by actively monitoring devices within a network and detecting when an employee uses a new SaaS asset. It then provides various solutions, such as third-party help. It can also guide the employee to adopt optimal security practices.
This Black Founder Sold His Tech Firm For Over 11x The Company’s Revenue At The Top Of The Pandemic
A managing partner at Latimer Ventures, Luke Cooper serves as the company’s CEO. He made the greatest money as the creator and CEO of Fixt Inc., a “SaaS-based mobile device repair web and mobile app that takes the pain out of troubleshooting mobile device faults.”
Barkley HQ – A Brilliant SaaS Company Helping Brilliant Pet Groomers
Barkley HQ is simple to use, effective, and dependable since it was created specifically to fulfil the needs of the grooming industry. It includes every feature a groomer could possibly need to run their business, boost sales, provide an excellent visitor experience, and save time and money.
Productiv Launches in AWS Marketplace to Help Teams Align on SaaS Management
Productiv announced that the AWS Marketplace is now carrying its SaaS Intelligence platform (AWS). Businesses can more easily maximize the value of their software as a service (SaaS) portfolios at scale thanks to the Productiv SaaS Intelligence platform’s availability on the AWS Marketplace.
Listen to Podcast
Growth vs. Efficiency: How to Weatherproof Your SaaS Startup for Tougher Times with Point Nine Founder and Partner Christoph Janz
SaaS Learning Section
How do you successfully build and launch a SaaS company when you don’t have a tech background?
Must-Read
European Venture Funding Drops 44% as Early Stage Weakens
The third quarter of 2022 will see a continued decline in European venture capital, reaching its lowest level in almost two years as early-stage investment clearly exhibits indications of deterioration.
The Ecosystem: Europe’s quantum computing infrastructure to get six new engines
Six quantum computers will be built at places throughout the EU. They will primarily be used for research, but they will also be accessible to start-ups and other businesses in an effort to promote the pan-European quantum ecosystem.
How vertical SaaS companies are taking market share from the cloud giants
The popularity of vertical software has prompted SaaS behemoths like Microsoft, Google, and Salesforce to introduce industry-specific clouds in the fields of manufacturing, health care, financial services, and other industries.
