SpotSaaS Weekly Roundup #9

This Week In The SaaS Universe- Updates & Highlights With spotSaaS Weekly Roundup

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.