This Week In The SaaS Universe- Updates & Highlights With spotSaaS Weekly Roundup
Table of Contents
Latest Funding News
Lionize Raises $3M in Seed Funding
| Company Name | Lionize |
| About the company | Influencer marketing platform |
| Founder Name | Chris Buetti, Ben Devore, and Austin Rosenthal |
| Fund raised | $3M |
| Investors | Cultivation Capital, ScOp Venture Capital |
| How will the company use the money | To expand its team and increase its capacity to run AI-powered influencer campaigns for brands around the world. |
Spanish platform Exoticca wraps up €20 million to plan travel in the new normal
| Company Name | Exoticca |
| About the company | Jesus Rodriguez Fernandez |
| Founder Name | Jesus Rodriguez Fernandez |
| Fund raised | €20 million |
| Investors | Claret Capital Partners and Sabadell Venture Capital |
| How will the company use the money | To plan travel in the new normal |
Velaris takes off with €4.7 million to roll out an AI-driven customer success platform
| Company Name | Velaris |
| About the company | Customer Success platform |
| Founder Name | Dilanka Kalutota and José Fernández-Castaño |
| Fund raised | €4.7 million |
| Investors | Octopus Ventures, Zaka and Fintech 365. |
| How will the company use the money | The startup will develop R&D and further boost further expansion in London, Madrid, and Sri Lanka. |
ELISE secures $14.8 million in a Series A round that was led by Spark Capital
| Company Name | ELISE |
| About the company | Low-code engineering platform |
| Founder Name | Moritz Maier, Sebastian Möller, and Daniel Siegel |
| Fund raised | $14.8 million |
| Investors | Spark Capital |
| How will the company use the money | Significantly advance the engineering industry’s low-code standard. |
Craft Docs earns $12.2 million in a Series B funding round.
| Company Name | Craft Docs |
| About the company | Document building platform |
| Founder Name | Balint Orosz |
| Fund raised | $12.2 million |
| Investors | EBRD Venture Capital |
| How will the company use the money | Towards team expansion to further expand the reach of their product |
Mergers & Acquisitions
DigitalOcean Completes Acquisition of Cloudways
A renowned managed cloud hosting and software as a service (SaaS) provider for small to medium-sized organizations, Cloudways was acquired by DigitalOcean, the cloud for developers, entrepreneurs, and SMBs, for $350 million.
ChannelAdvisor Being Acquired by CommerceHub
CommerceHub acquired ChannelAdvisor, two competitor SaaS e-commerce systems that combines front-end and back-end capabilities for merchants and brands to help expand their companies. However, the combined platform will require some integration work due to the use of separate technologies. Insight Partners, GTCR, Sycamore Partners, and Goldman Sachs Asset Management are some investors taking part in the transaction.
Enghouse Systems Acquires SaaS Provider VoicePort
VoicePort enhances the user experience for media firms that serve subscribers. For its clients, the business offers integrated, automated, and adaptable self-service software. Any device can be utilized with VoicePort software to provide a seamless customer care experience.
SaaS News of the Week
Paris-based Capagro unveils €200 million fund to back agritech startups in Europe
Molten Ventures and 19 portfolio companies gather at Nasdaq
Listen to Podcast
How the CEO of Decalab Went from Growing to Buying SaaS Companies – with Raj Sheth
SaaS Learning Section
How to build an application with a low-code development tool
Must Read
Global Software as a Service (SaaS) Market to Reach $441.26 Billion by 2026
SaaS Sales Software Market Trend, Technology Innovations and Growth Prediction 2022-2028
