From significant acquisitions to big funding rounds, this week was action-packed in the world of SaaS. And if you haven’t been able to catch up with all the happenings, then you’re at the right place.
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News of the week
Anaplan to be acquired by Thoma Bravo for $10.7billion
Thoma Bravo has been on an acquisition spree, and the latest in its portfolio is Anaplan, a publicly-listed company that offers a cloud-native platform for orchestrating business performance. The all-cash transaction is providing $66 per share, resulting in a value of $10.7billion. The deal is expected to close in the first half of 2022.
SentinelOne to acquire Attivo Networks, bringing identity to XDR
Cybersecurity has become more important than ever, hence it’s not surprising to see leading players in the space strengthening their position. SentinelOne is expanding its TAM to $4billion as it has acquired Attivo Networks. The deal is pegged at $616.5million, and will help SentinelOne is offering comprehensive identity security with Singularity XDR.
New email draft template in Google Docs
Want to collaborate on an email draft with your team members? Well, Google has made that easier by letting you collaborate on Google Docs, and then giving you an option to send the email directly which populates the details as per the email draft in the document.
Adobe updates its Experience Cloud with a focus on personalization
It wasn’t long ago when Adobe had combined its data and analytics services, content management tools, commerce platform, and more into Experience Cloud. It has now announced several updates, including the launch of Adobe App Builder for Commerce, integrations with Adobe Creative Cloud, as well as AI-drive product recommendations, among other things.
SaaS companies that got the funding this week
Healthcare tech platform Doctolib reaches $6.4 billion valuation
Doctolib has raised $549million as both equity and debt to reach an astounding $6.4billion valuation. Led by Eurazeo, the company is aiming to more than double its employee base to 6,000 employees, and expand to more European cities.
Website builder Webflow hits $4billion valuation as it nears $100million revenue
No-code tool Webflow has raised $120million in Series C round led by Y Combinator Continuity. The funding imputes a value of $4billion, and its founder Vlad Magdalin also highlighted that it’s on the track to hit $100million in annual recurring revenue.
We’ve been talking about companies that are aiming to make it easier to communicate with frontline workers, and now, we have a company that’s focusing on employee communications management for all sorts of workers. Staffbase has closed a $115million Series E financing led by General Atlantic. It’ll be using the money for expanding to more markets and strengthen its position.
Bazaar raises $70million from Tiger Global and Dragoneer to digitize Pakistan’s retail
It was in August last year when Pakistan’s Bazaar had raised $30million. Now, it has received $70million in Series B funding. Led by Dragoneer Investment Group and Tiger Global, the startup will be deploying the funds to cover more cities in Pakistan and launch new marketplace categories too.
Amagi becomes a media tech unicorn
Media tech company Amagi has gotten $95million, making the company a unicorn. The investment was led by Accel, and the amount will be used for hiring, and expanding to new geographies.
Remote work platform Multiplier raises $60million Series B at $400million valuation
We’re witnessing a rise of companies that are making it easier to manage payrolls for employees across the globe. Multiplier is no different and to take on bigger players, it has received $60million financing. The Series B round was co-led by Tiger Global and Sequoia Capital India.
inFeedo gets $12million to help employers find out how their workforce really feels
inFeedo offers a chatbot dubbed Amber that acts as a bridge between workers and their managers to monitor employee sentiment. The startup has nabbed $12million in Series A funding led by Jungle Ventures. The funding will be utilized for shipping new products, and increasing its team size.
Must reads
Growing into the role of the Modern SaaS CFO: Lessons from Mike Beach
Implementing usage-based pricing: what your financial teams need to know
Listen to
Jesus Requena (Figma): PLG data & analytics
In today’s day and age, PLG has become more than a buzzword for SaaS businesses. Yet, many overlook the importance of product analytics, which plays a crucial role in ensuring that PLG is a success. In this episode, Jesus Requena, who worked with Unity, shares how he built the PLG analytics stack, the lessons he learned, and more.
Creating a new SaaS category with storytelling & marketing : the Unmetric story with Lux Narayan
In this podcast, Unmetric’s Lakshmanan (Lux) Narayan shares his journey into the world of SaaS, the inception of social media analytics software, how they stood out amidst the competition, and how it eventually got acquired by Falcon.io. He also discusses how content and context marketing helped them and his latest startup, dubbed StreamAlive.
Boardable: product market fit after a dozen failed products – with Jeb Banner
Boardable is a board management software that helps nonprofits centralize communication, document storage, meeting planning, and more with their board of directors. In this podcast, its co-founder and CEO, Jeb Banner talks about the inception of the business, how they stand out in the market, and the way forward, among other things.
Watch
Building a global B2B SaaS product for enterprises – Ashok Patsamatla, Director – Product, Darwinbox
Darwinbox is a popular HR software. In this video, its Director of Product, Ashok Patsamatla, shares how Darwinbox managed to create a global SaaS product for enterprises.
