This Week In The SaaS Universe- Updates & Highlights With spotSaaS Weekly Roundup
Table of Contents
Latest Funding News
Tallinn-based firm KOOS received €4M
| Company Name | KOOS |
| About the company | A digital tool that enables businesses to engage and reward their community |
| Founder Name | Taavi Kotka |
| Fund raised | €4 million |
| Investors | LocalGlobe, Tiny.vc, Matt Clifford, and Plural Platform |
| How will the company use the money | To establish itself in the UK and throughout Europe |
Elucidata has raised $16 Mn
| Company Name | Elucidata |
| About the company | biomedical data startup |
| Founder Name | Abhishek Jha |
| Fund raised | $16 Mn |
| Investors | Eight Roads Ventures |
| How will the company use the money | To expand its product capabilities in related markets |
Remofirst raised $14.1M
| Company Name | Remofirst |
| About the company | Hire remote workers globally |
| Founder Name | Nurasyl Serik and Volodymyr Fedoriv |
| Fund raised | $14.1M |
| Investors | Mouro Capital and QED Investors |
| How will the company use the money | To hire employees in countries |
Mergers & Acquisitions
Clearwater Analytics to Acquire Jump Technology, for €75M
For €75 million, Jump Technology, a software supplier for the investment management sector with headquarters in Paris, France, was purchased by Clearwater Analytics Holdings, a Boise, Idaho-based provider of SaaS-based investment accounting, reporting, and analytics solutions.
Enverus rises to meet solar planning challenges with the acquisition of RatedPower
In order to maximize the potential of photovoltaic (PV) plants and lower their Levelized cost of energy, Enverus, the top energy SaaS company, today announced that it had acquired Madrid-based RatedPower.
RatedPower creates SaaS solutions that automate and optimize the feasibility study, analysis, design, and engineering of solar power plants and electrical infrastructure.
DataArt Expands into Romania with Acquisition of Lola Tech
A renowned software development agency with offices in the UK and Romania, Lola Tech, has been acquired by DataArt, a worldwide software engineering company, as part of a strategy to keep growing its international network and investing in the best IT talent. DataArt will contribute to and expand the Romanian team using the Cluj-Napoca hub of Lola Tech.
SaaS News of the Week
Swedish AdTech BrightBid launches into UK
Swedish AdTech BrightBid launches into the UK. BrightBid, a 2020-founded Swedish firm, is among the top 10% of the world’s fastest-growing SaaS companies in terms of revenue growth, which has increased by about 400% YoY. Swedish AdTech BrightBid launches into the UK.
Scale Venture Partners closed at $900m
Venture capital firm Scale Venture Partners, based in Foster City, California, closed its Fund VIII at $900 million. The fund received subscriptions from both new and current investors.
With a specific emphasis on cognitive apps, which integrate machine learning, API connectivity, and sensors to alter how corporations work, it will be invested in cloud and SaaS software startups.
Point Nine raises €180m seed fund to invest in B2B startups
Point Nine Capital, a venture capital firm with its headquarters in Belin, has received a new seed fund of €180 million to promote B2B marketplaces and B2B SaaS businesses.
The fund’s primary focus will be on investing in its home market of Europe. While 20% to 30% of its investments are made in the US, Canada, and Turkey, Point Nine aims to invest €500,000 to €5 million in seed-stage enterprises, primarily in Europe.
Listen to Podcast
Unicorns Podcast: NDIS tech platform Bridge to list on the ASX next week
The Unicorns Podcast connects you to some of the best and brightest founders, CEOs, executives, business owners, VCs, and inspiring leaders who make things happen and inspire others.
SaaS Learning Section
5 Critical and Company-Altering Learnings from B2B Startups with Y Combinator Managing Director of YC Continuity Anu Hariharan
Learn here
Must-Read
State and Local Agencies Automate Data Analysis with Software as a Service
Los Angeles County wants to improve its recruitment process, further diversify its workforce and reduce the time it takes to fill open positions — and it plans to do so with the help of a new cloud-based data analytics platform.
LA County’s Human Resources Department once manually built reports on its hiring data, a time-consuming and inefficient task. But it recently collaborated with the county’s Internal Services Department (ISD) to deploy Microsoft Azure tools, including the Azure Databricks analytics platform, to automate the effort.
The top Googled questions when it comes to NFTs – and the answers to them
A new study by CoinGecko, analysed thousands of NFT-related search terms to see which is Googled the most, with the most common phrase questioning what an NFT is, averaging 948,000 searches around the world every month.
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Juno Secured $18M.
Wasabi Technologies raised $250M.
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