This Week In The SaaS Universe- Updates & Highlights With spotSaaS Weekly Roundup
Table of Contents
Latest Funding News
Airly Raises $5.5M in Series A Funding
| Company Name | Airly |
| About the company | Cleantech |
| Founder Name | Wiktor Warchałowski |
| Fund raised | $5.5M |
| Investors | Firstminute capital and Pi Labs |
| How will the company use the money | The money will be used by the business to increase operations, accelerate expansion, and broaden its market. |
Mytraffic picks €30M
| Company Name | Mytraffic |
| About the company | Location intelligence startup |
| Founder Name | Hakim Saadaoui |
| Fund raised | €30M |
| Investors | AXA Venture Partners |
| How will the company use the money | To help the company continue to build its location analytics platform and hasten its expansion across Europe. |
Rivalry Tech Closes $3.5M
| Company Name | Rivalry Tech |
| About the company | Mobile ordering platform |
| Founder Name | Aaron Knape |
| Fund raised | $3.5M |
| Investors | Softeq Venture Studio and Rice University’s Valhalla Investment Group |
| How will the company use the money | To hire more staff, provide more support, and keep growing its sports and entertainment platform, sEATz, into the healthcare, leisure, and business dining sectors. |
Carbon Re has raised £4.2 million.
| Company Name | Carbon Re |
| About the company | Climate tech firm |
| Founder Name | Sherif Elsayed-Ali |
| Fund raised | £4.2 million |
| Investors | Planet A Ventures |
| How will the company use the money | To introduce its product to the worldwide cement market and grow into other energy-intensive sectors like steel and glass. |
Lodgify Raises $30M
| Company Name | Lodgify |
| About the company | Vacation Rental Platform |
| Founder Name | Dennis Klett |
| Fund raised | $30M |
| Investors | Octopus Ventures |
| How will the company use the money | To develop new products and increase the range of services |
Mergers & Acquisitions
Meta acquires Audio Analytic
Audio Analytic raised roughly $25 million to deliver reactive, intelligent sound feedback in devices around the smart home and in other consumer devices.
Founded in 2008 and also with offices in San Jose, California, Audio Analytics’ ai3 software helps device makers, chip makers and AI service providers build connected products that instinctively recognise and react to commonplace sounds such as smoke alarms, smashed window glass or a baby’s cry.
Sony acquires Dutch-based Beyond Sports to boost its end-to-end sports business
On November 7, the Tokyo-based Sony Corporation announced that it had acquired the Dutch company Beyond Sports and was restructuring its sports business organization.
As part of Sony’s sports division, Beyond Sports will operate alongside Hawk-Eye and Pulselive, according to a statement from the company.
E.GRUPPE acquires Germany-based Control Mechatronics
Gimv portfolio company E.GRUPPE, which already includes Klotter Elektrotechnik GmbH, has acquired Control Mechatronics GmbH in Nidderau near Frankfurt/Rhein-Main, Germany.
This acquisition will allow E.GRUPPE to expand its product range in industrial electrical process measurement and control technology as well as in project planning and engineering of industrial process automation.
US-based Trupanion acquires PetExpert, Czech pet insurtech startup
PetExpert is an online pet insurance marketplace with operations in the Czech Republic and Slovakia that was established in 2018 by Derek Cummins and Jan Moravec. In these nations, more than 95% of veterinary facilities are connected to its platform.
SaaS News of the Week
Silicon Valley Bank joins hands with Founders Forum, takes part-ownership stake
Venture debt giant Silicon Valley Bank is taking up an equity stake in startup incubator Founders Forum Group. The global partnering agreement will see SVB’s UK CEO Erin Platts join FF’s board of directors.
Under the agreement, SVB UK will also become a “leading partner” to FF’s global events calendar, including the annual forums in London, Berlin and New York.
BlockFills Launches Vision Crypto Cloud, SaaS Solution for Emerging and Established Digital Asset Business
Vision Crypto Cloud is a secure, full-service, end-to-end digital asset trading, order management, and risk management solution that allows institutions to quickly gain access to the digital asset ecosystem out of the box without the multi-year timeline and expense associated with building an in-house solution, according to BlockFills, a rapidly expanding global digital asset trading and financial technology company.
Nokia Launches Core Software-as-a-Service for 5G
Nokia Core SaaS enables operators and businesses to give up the traditional practice of deploying customized software that runs on private infrastructure and to consume Nokia’s Core software, including 5G Packet Core, on-demand through a more affordable subscription service that forgoes significant upfront capital expenditure and does away with the requirement for on-site software maintenance and updates.
Bulgarian Invenio Partners launches a new €55M regional private equity fund
According to The Recursive, the Sofia-based equity investment company Empower Capital has changed its name to Invenio Partners, expanded its business model, and announced the opening of a new €55 million regional private equity fund called Invenio Partners Fund II that will invest in SMEs in Bulgaria, Romania, and Serbia.
Listen to Podcast
Keeping a $200 million acquisition super simple with Paddle President and COO Jimmy Fitzgerald
London-based payments infrastructure provider Paddle secured $200 million in a Series D funding round led by Kohlberg Kravis Roberts & Co., perhaps better known as KKR.
SaaS Learning Section
What Is a Learning Management System?
Must-Read
SaaS Enterprise Applications Software Market 2022 Strategic Analysis, Growth Drivers, Industry Trends
Throughout the projected period, a substantial rate of growth in the worldwide SaaS Enterprise Applications Software market is anticipated. The rising demand from industries is one of the main reasons propelling the market’s expansion.
The leading market players, their competitive environment, and the important growth strategies they used to maintain their market share are all thoroughly examined in the study.
What’s Next for European Banking-as-a-Service
Companies that provide banking as a service (BaaS) assist clients in shortening the time needed to establish a fintech solution. They offer a variety of modular products, including accounts, cards, payments, compliance, and others. In some cases, they do this so that customers don’t have to obtain their own licenses and can instead use the BaaS that are already in place.
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