We’re just sitting at the beginning of 2022, but if the waves made by SaaS companies are to be seen, it’s evident that the year has a lot in store for us. From huge funding rounds to acquisitions, the past week had it all. So without further ado, here’s everything that happened in the last seven days and is worth your attention.
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News of the week
Cloud software giant Blackbaud Acquires Everfi for $750million
Blackbaud is a leading cloud software company providing services to non-profits, educational institutes, healthcare organizations, foundations, and more. It has announced the acquisition of Everfi, a social impact technology company. The deal is a mix of cash and stock and is pegged at $750million.
SaaS funder SaaS Capital raises $128million
Debt financing has become a great option for SaaS companies to raise money without diluting equity. SaaS Capital, a company that provides growth debt to SaaS organizations, has raised $128million for its fourth fund.
Qlik confidentially registers for IPO
One of the leading players in the Business Intelligence software space, Qlik has filed for its IPO at SEC. Sadly, the price range for Qlik’s IPO or the number of shares that will be offered hasn’t been divulged yet.
SaaS companies that got the funding this week
Armed with cash, Miro’s taking on the meeting
The pandemic has certainly changed the way we work, and many companies believe that things will not go back to the earlier approach. That explains why Miro – which started as a whiteboard software – is now aiming to replace video calls. It has raised $400million at an astounding valuation of $17.5billion.
Fractal announces $360million investment from TPG
Last year, we saw several Indian firms joining the unicorn club, and 2022 doesn’t seem to be any different. Fractal.ai, a provider of artificial intelligence and advanced analytics solutions, has raised $360million. Led by TPG Capital Asia, the company has become a unicorn.
Canada’s Assent Compliance lands $350million from Vista Equity for supply chain data management
The ongoing pandemic has taught us the importance of a robust supply chain. Canada-based Assent Compliance focuses on supply chain sustainability management, and has now received $350million in funding. Led by Vista Equity Partners, it has reached a valuation of $1billion.
Payroll startup PayFit is France’s latest unicorn as it raises $289million
France-based payroll and HR software Payfit has closed a $289million Series E investment. The round was led by General Atlantic and values the company at $2.1billion.
Exotel raises $40million in Series D to help enterprises deliver connected customer conversations
Call center software company Exotel has nabbed $40million Series D funding. Led by Steadview Capital, the company will be utilizing the amount to improve its full-stack platform, enhance its AI capabilities, offer sentiment analysis, and more.
Must reads
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Listen to
A CEO’s guide to marketing with Dave Kellogg
For the founders who aren’t marketing-oriented, marketing seems quite complex. But it’s not so, and that’s what this podcast talks about. Dave Kellogg shares how one can understand marketing, how it should be measured, and what to look for in a marketing leader.
Prashanth Chandrasekar (Stack Overflow): non-dual leadership
Stack Overflow started as a community to help users find answers, but has grown to become a company and even raised $xx recently. In this podcast, its CEO Prashanth Chandrasekar shares why it’s important to have strong opinions loosely held. He highlights how Stack Overflow has been able to grow by having an open mindset.
Second-time founder’s lessons in growing a 7-figure SaaS with 2 people
Userflow’s Co-founder and CGO Esben Friis-Jensen share his journey of being a second-time entrepreneur. He shares how his previous experience helped him to grow Userflow to a seven-figure mark without raising money and with a small team.
Watch
Reaccelerating Growth at Scale with Box’s CRO Mark Wayland and SaaStr CEO and Founder, Jason Lemkin
Box has been one of the oldest players in the cloud computing space. In this video, its CRO Mark Wayland shares how Box is accelerating growth by expanding its offerings such as content cloud.
