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Business challenge: Scaling a SaaS business. Dan’s professional IT services consultancy developed a SaaS product and now wants to grow and scale the product—but has little experience in marketing or selling SaaS products. Leverage vertical SaaS benchmark and ratio studies. Here are 11 tips EO members shared: 1.
Embedded finance infrastructure makes financing decisions based on real-time data. Fintech startup Parafin innovatively tackles this challenge through its embedded finance infrastructure used by partners such as DoorDash, Amazon, and others. and Canada.
Abacum , a SaaS maker geared toward upgrading mid-sized companies’ financial planning and analysis tools, has fast-followed the $7 million seed it raised earlier this year ( April ) with a $25M Series A round. YC-backed Abacum nets $7M to empower finance teams with real-time data and collaboration tools.
Traditional software vs. SaaS. I’ve been involved with SaaS companies with VCs who don’t understand demand generation, lead qualification, sales coverage ratios, sales forecasting or frankly when deals should be inside sales vs. outside sales. Think of web vs. mobile. SEO marketing vs. social marketing.
A Platform for All Industries Islands product is already being used across a wide array of industries, including finance, government, higher education, manufacturing, hospitality, and retail. Customers range from Fortune 1000 companies to small and midsize businesses and public sector institutions.
That’s the gap that revenue-based financing platforms like GetVantage want to fill. GetVantage says this includes several debt lines with non-banking financial companies to help scale its financing platform. Vasa said companies typically repay financing in about six to nine months.
“It is still small-scale, and the most important thing we are doing that other companies should do is focus on the design, engineering and full-scale installations of vessels and the supporting systems to make a lot of it,” said Josh Tetrick, co-founder and CEO of Eat Just, which sells lab-grown chicken meat in Singapore.
The startup has just closed a $10 million Series A to continue building out its workplace management SaaS for landlords and office managers — which offers features like resource scheduling (booking meeting rooms etc.), employee/co-working space member engagement, and financial management tools through web and mobile applications.
Existing backers Madrona Venture Group, Lead Edge Capital, Second Avenue Partners and Seven Peaks Ventures also participated in the financing, which brings the company’s total capital raised to $47 million. hire across product, engineering, sales, marketing, customer success, finance and human resources divisions. Image Credit: Knock.
Leta , a Kenyan B2B supply chain and logistics SaaS provider launched last year to optimize fleet management, is looking for growth opportunities in West Africa, even as it scales operations in its existing five markets. A SaaS provider for businesses, logistics providers and marketplaces.
Before that, he led the firm’s Proactive Portfolio Management function and acted as director of corporate development, supporting the portfolio on inorganic and balance sheet related initiatives. The flow of capital in SaaS is becoming increasingly bifurcated. Sean Fanning is a vice president on OpenView ’s Investment team.
Let’s talk about the SaaS selloff. Let’s talk about the SaaS selloff. One factor driving Singapore’s fintech success is its high consumer adoption rates, but its government also directly supports related initiatives through its Green Finance Action Plan. How to execute an amplified marketing strategy.
To continue its mission, the Miami-based trade finance company raised $7 million in seed funding and $75 million in a credit facility, led by Arcadia Funds LLC and Kayyak Ventures, to increase its credit line to $100 million. The company is able to show what kind of financing can be obtained based on the amount of data customers provide.
For one thing, the processes remain largely manual, with financing in this sector remaining reliant on emails, spreadsheets and documents in a variety of formats. For Banyan, these inefficiencies in communication and monitoring are pain points it wants to solve with its purpose-built project finance software.
Assembled , which bills itself as a workforce management platform for customer support teams, today announced that it raised $51 million in a Series B funding round led by New Enterprise Associates with participation from Emergence Capital and Basis Set Ventures.
Today, London-based Legl — a 2019-founded SaaS startup that sells tools to law firms wanting to digitize processes and automate workflows in areas like client onboarding, payments and compliance to support a more modern customer experience — is announcing the close of an $18 million Series B round, just over a year after it raised a $7M Series A.
Onramp Funds , an Austin-based company providing financing to e-commerce sellers, secured $42 million in equity and credit to expand its working capital offering. CEO Eric Youngstrom founded the company in 2020 after a career at multicarrier shipping software company ShippingEasy. He also notes e-commerce sales in the U.S.
You can find a “software as a service” (SaaS) solution for every business function —accounting, invoicing, marketing, internal communication, customer relationship management, workflow, ecommerce and video conferencing, to name more than a few. You’ll find SaaS offerings for needs you didn’t know you had. Don’t drown in the options.
FlapKap , using its revenue-based financing platform (RBF), is helping these stores solve the growth-destructive challenges emerging online stores encounter when trying to meet customer demands. These should be getting the support,” CEO Coucha told TechCrunch. million in seed funding to supercharge its efforts.
Now that legacy has taken a very different turn in fintech with outsourcing of a very different kind, with the emergence of embedded finance technology. This is Citi Ventures’ first investment in a fintech out of India, and this round overall underscores how far the fintech and embedded finance ecosystem have come along in recent years.
The financing included participation from existing backers Index Ventures, Sequoia Capital, S Capital, Spark Capital, SVB Capital, Citi, J.P. The New York-based company says it plans to use its new capital toward product development and to boost its customer support and sales staff.
Register India’s SaaS-based logistics management platform Shipsy has secured US$25 million funding in its Series B financing round led by Z3 Partners and A91 Partners along with participation from Sequoia Capital India’s Surge. Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet?
Embedded finance infrastructure makes financing decisions based on real-time data. Fintech startup Parafin innovatively tackles this challenge through its embedded finance infrastructure used by partners such as DoorDash, Amazon, and others. and Canada.
Specifically, the new firm aims to provide non-dilutive or less-dilutive financing options to asset-rich fintech, e-commerce and SaaS companies in the U.S. The region, Architect maintains, does not have a plethora of institutional financing available against assets. and Latin America, but with an emphasis on the latter.
San Francisco-based Postman, which operates a collaborative platform for developers to help them build, design, test and iterate their APIs, said on Wednesday it has raised $225 million in a new financing round that values it at $5.6 billion, up from $2 billion a year ago. The startup today leads the market.
Pipefy , a “low-code” workflow management SaaS startup, announced today that it has raised $75 million in Series C funding. SoftBank Latin America Fund led the financing with a $50 million contribution, bringing Pipefy’s total raised to $138.7 million since its 2015 inception.
Why do SaaS companies with usage-based pricing grow faster? ” Offering new users frictionless onboarding, customer support and free credits is a proven method for making them more active — and loyal. So, why do public SaaS firms with usage-based pricing see faster growth ?
Wayflyer , a revenue-based financing platform for e-commerce merchants, has raised $76 million in a Series A funding round led by Left Lane Capital. The raise comes just after Wayflyer raised $100 million in debt funding to support its cash advance product, and 14 months after the Dublin, Ireland-based startup launched its first product.
Darwinbox, which operates a cloud-based human resource management platform, has raised $15 million in a new financing round as the Indian startup looks to further expand in the country and Southeast Asian markets. “In HR tech and SaaS space, we are now only behind SAP and Oracle in India in terms of revenue,” he said.
A retail company, for example, will need a physical space with physical offices right off the bat, while a company creating an SaaS product may not need a physical office until it’s approaching big corporations as clients. That time is going to vary, business to business. Let’s look at some of the factors and challenges.
The SaaS startup — which started out in early 2020 by selling its payments tech to other businesses — raised a $35 million Series B led by Sequoia. Paddle acquires ProfitWell for $200M to bring analytics and retention tools to its SaaS payments platform. Now, Finix is not coming out of nowhere. Fundings and M&A. Seen on TechCrunch.
Register Financial technology (fintech) firm Jenfi , renowned for its pioneering work in revenue-based financing for digital-native companies, has successfully secured US$6.6 Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? million in a Pre-Series B fundraising round.
making the need for singular platforms to support such e-commerce businesses all the more necessary,” says Cherry Ventures’ Bendz. Initially, Juni will make money on interchange fees (minus the cashback it offers) and by charging a subscription in the best SaaS tradition. Credit is also an obvious revenue stream, too.
Just under a year after Hightouch , a SaaS service that helps businesses sync their customer data across sales and marketing tools, made its public launch , the company is back with its third fundraise. million in Series A financing led by Amplify, and gives Hightouch $54.2 The latest investment comes four months after $12.1
“Since our model is a transactional SaaS, the revenues have also been increasing,” he told TechCrunch. It plans to grow the network by building out a full self-service tool for publishing and moving money to organizations that will support one-click purchases, payouts and collections. To date, the company has raised a total of $27.5
Cloud providers’ default retention policies are not enough: You better back your SaaS up. A lot of work today has moved to the cloud as SaaS tools replace traditional on-prem software in the enterprise. Cloud providers’ default retention policies are not enough: You better back your SaaS up.
Of the sub-verticals in construction that tend to cost the most (structural support like concrete and steel or mechanical and plumbing), not many can be automated because of the complexity of the task. We have also staffed our URBAN-X accelerator program with dedicated experts to provide software and hardware support.
4 SaaS engagement metrics that attract investors Image Credits: Tetra mages (opens in a new window) / Getty Images Past performance doesn’t always predict future results, but it’s the best place to find customer retention stats that have investor appeal. Cast your vote before Thursday, April 20!
After a founder takes the quiz, the Funding Finder algorithm points them to what could be their best bets: debt financing, community development financial institutions (CDFIs), banks, bootstrapping, family and friend rounds, or even crowdfunding. of the approximate $238.8 billion in venture capital allocated to U.S.
As part of the financing, Vista Equity is taking a minority stake in the company. The round follows $25 million in financing from CIBC Innovation Banking last September, and brings Vena’s total raised since its 2011 inception to over $363 million. and European business in the near term,” Madeley said.
Obviously I’m a proponent of still working closely with your investors to make sure that they feel bought into your decisions which will matter a lot if you ever need their support in the future. And somebody who isn’t thinking necessarily thinking about how to maximize their ownership in your next round of financing.
Hevo Data, a SaaS startup that is helping firms collate troves of data they generate and accumulate to make better use of them, has raised $30 million in a new financing round following a strong year of growth. For this, I have to combine my marketing, orders data, finance data and customer support data,” he said.
Corporate management startup Ramp confirmed that it has secured $550 million in debt and $200 million in equity in a new financing that doubles its valuation to $8.1 Notably, Founders Fund led the latest equity financing, marking the firm’s fourth time leading a round for Ramp. It then raised $300 million at a $3.9
From scientists at Oklahoma Medical Research, to engineers and software developers at startups like Ten-Nine Technologies, to Oklahoma-based experts in energy and finance, every business is adjusting to this mostly positive new configuration of work—and expecting it to endure. Scott Meacham is president and CEO of i2E Inc.,
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