Category: SaaS

Block rival SpotOn lands $300M at $3.6B valuation after doubling ARR last year

Payments and software startup SpotOn has closed on $300 million in a Series F financing that values the company at $3.6 billion. Dragoneer Investment Group led the latest round, which included participation from existing backers Andreessen Horowitz (a16z), DST Global, Franklin Templeton and Mubadala Investment Company, as well as new investor, G Squared.  The investment […]

Palette sells a sales commission tool for modern sales teams

Meet Palette, a software-as-a-service startup that is going to be particularly interesting if you’re also running a software-as-a-service startup. The company has built a modern tool to design, manage and optimize sales commission plans for your internal team. Earlier this year, the startup raised a $6 million funding round led by Bain Capital Ventures. Liquid […]

Legl, a SaaS for law firm workflows, tops up with $18M

While valuations of public software-as-a-service businesses have been taking a hammering of late, as investors cool on the sector amid a wider, post-pandemic tech stock sell off, SaaS startups still need to raise funding to scale their budding businesses — or, well, they hope they’ll be able to do so on reasonable terms despite these […]

Monday.com’s earnings are a vibe check for unicorns

For SaaS companies, growth may no longer be enough. Venture capitalist and SaaS sage Jason Lemkin shared notes yesterday on Monday.com’s recent earnings report. Highlighting the positives he saw from the team productivity service’s Q1 results, Lemkin noted that the company announced strong growth and 125% net revenue retention in its most recent quarter. The […]

Claap prevents meeting fatigue with async video collaboration

Meet Claap, a French startup that has been working on a way to collaborate more efficiently as a distributed team. Claap is officially launching its product today. Instead of relying exclusively on a mix of written memos and Zoom calls, Claap lets you share and receive quick videos with other teammates so that everyone can […]

Identitypass, an identity verification API for Africa, raises $2.8M seed funding

Mobile penetration in Africa is growing impressively at about 46% as more people come online for the very first time. In turn, this has increased the market opportunity for startups, especially fintechs and e-commerce, which try to provide various solutions to meet the financial needs of the populace. But to do that, these businesses must […]

PocketLaw, a contract automation SaaS for SMEs, secures Atomico’s support

Swedish startup PocketLaw — a contract automation software-as-a-service legal tech platform which is mainly focused on SMEs — has pocketed €10 million (~$11M) in Series A funding led by European VC firm, Atomico, to fuel expansion in Europe. Ben Blume, partner at the venture capital firm, is joining the board as part of the investment. The round […]