{"id":2660,"date":"2021-04-10T14:22:40","date_gmt":"2021-04-10T08:52:40","guid":{"rendered":"https:\/\/www.saasworthy.com\/blog\/?p=2660"},"modified":"2021-04-11T16:17:25","modified_gmt":"2021-04-11T10:47:25","slug":"saas-weekly-roundup-15-box-gets-500million-infusion-canva-becomes-a-decacorn-and-more","status":"publish","type":"post","link":"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-15-box-gets-500million-infusion-canva-becomes-a-decacorn-and-more","title":{"rendered":"SaaS weekly roundup #15: Box gets $500million infusion, Canva becomes a decacorn, and more"},"content":{"rendered":"\n<p>Welcome to SaaS weekly roundup, your weekly dose of all things SaaS. With the industry growing at a rapid pace, it&#8217;s important to see the micro and macro trends that are shaping it. So, without further delay, here&#8217;s what deserves your attention this week.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-15-box-gets-500million-infusion-canva-becomes-a-decacorn-and-more\/#News_of_the_week\" title=\"News of the week\">News of the week<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-15-box-gets-500million-infusion-canva-becomes-a-decacorn-and-more\/#SaaS_companies_that_got_the_funding_this_week\" title=\"SaaS companies that got the funding this week\">SaaS companies that got the funding this week<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-15-box-gets-500million-infusion-canva-becomes-a-decacorn-and-more\/#Must_reads\" title=\"Must reads\">Must reads<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-15-box-gets-500million-infusion-canva-becomes-a-decacorn-and-more\/#Listen_to\" title=\"Listen to\">Listen to<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-15-box-gets-500million-infusion-canva-becomes-a-decacorn-and-more\/#Watch\" title=\"Watch\">Watch<\/a><\/li><\/ul><\/nav><\/div>\n<h2 id=\"news-of-the-week\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"News_of_the_week\"><\/span>News of the week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/siliconangle.com\/2021\/04\/06\/exploding-saas-market-drives-dells-partnership-with-druva-for-data-protection-cubeconversations\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Exploding SaaS market drives Dell\u2019s partnership with Druva for data protection<\/strong><\/a><\/p>\n\n\n\n<p>Dell Technologies has launched EMC <a href=\"https:\/\/www.saasworthy.com\/product\/dell-data-protection\" target=\"_blank\" rel=\"noreferrer noopener\">PowerProtect Backup Service<\/a> to provide cloud data protection in partnership with <a href=\"https:\/\/www.saasworthy.com\/product\/druva-cloud-platform\" target=\"_blank\" rel=\"noreferrer noopener\">Druva<\/a>. The service supports popular cloud platforms such as Microsoft Office 365, Google Workspace as well as cloud-based workloads on services like Salesforce.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.zdnet.com\/article\/servicenow-qualtrics-partner-aim-to-meld-sentiment-data-and-workflows\/#ftag=RSSbaffb68\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>ServiceNow, Qualtrics partner, aim to meld sentiment data and workflows<\/strong><\/a><\/p>\n\n\n\n<p>IT Service Management company <a href=\"https:\/\/www.saasworthy.com\/list\/servicenow-store-apps\" target=\"_blank\" rel=\"noreferrer noopener\">ServiceNow<\/a> and recently hived-off SAP&#8217;s subsidiary <a href=\"https:\/\/www.saasworthy.com\/product\/qualtrics-core-xm\" target=\"_blank\" rel=\"noreferrer noopener\">Qualtrics<\/a> have joined hands to combine the former&#8217;s digital workflows with the latter&#8217;s experience management offerings. The companies would be launching new products in the second half of this year.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.zdnet.com\/article\/okta-expands-into-new-markets-with-governance-and-privileged-access-tools\/#ftag=RSSbaffb68\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Okta expands into new markets with governance and privileged access tools<\/strong><\/a><\/p>\n\n\n\n<p>Expanding its TAM (Total Adressable Market) from $55billion to $80billion, <a href=\"https:\/\/www.saasworthy.com\/list\/identity-and-access-management-iam-software\" target=\"_blank\" rel=\"noreferrer noopener\">Identity and Authentication Management<\/a> leader <a href=\"https:\/\/www.saasworthy.com\/product\/okta\" target=\"_blank\" rel=\"noreferrer noopener\">Okta<\/a> has introduced two new products earlier this week. There&#8217;s Privileged Access Management (PAM) that will help organizations in securing their critical infrastructure, while Identity Governance Administration (IGA) will deliver identity governance within the organization. The company is aiming to launch the products by the first quarter next year.<\/p>\n\n\n\n<h2 id=\"saas-companies-that-got-the-funding-this-week\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SaaS_companies_that_got_the_funding_this_week\"><\/span>SaaS companies that got the funding this week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-08\/kkr-is-said-to-be-in-talks-to-invest-500-million-in-box-inc\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>KKR to invest $500million in software provider Box Inc.<\/strong><\/a><\/p>\n\n\n\n<p>Cloud storage provider Box has been in the news lately. Not necessarily for the right reasons though; as it seems that activist investors are getting uneasy while seeing its uninspiring growth. Hence, the $500million infusion from KKR does come across as a lifeline for the company. Additionally, CEO Aaron Levie will step down as a chairman, though he&#8217;ll remain in the board.<\/p>\n\n\n\n<p><strong>Related read: <\/strong><a href=\"https:\/\/techcrunch.com\/2021\/04\/08\/industry-experts-bullish-on-500m-kkr-investment-in-box-but-stock-market-remains-skeptical\/\" target=\"_blank\" rel=\"noreferrer noopener\">Industry experts bullish on $500M KKR investment in Box, but stock market remains skeptical<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/fortune.com\/2021\/04\/06\/aussie-design-startup-canvas-valuation-balloons-to-15-billion\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Aussie design startup Canva\u2019s valuation balloons to $15billion<\/strong><\/a><\/p>\n\n\n\n<p>Forget unicorns, we&#8217;re seeing decacorns in this industry. <a href=\"https:\/\/www.saasworthy.com\/list\/graphic-design-software\" target=\"_blank\" rel=\"noreferrer noopener\">Graphic design software<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/canva\" target=\"_blank\" rel=\"noreferrer noopener\">Canva<\/a> has received $71million funding at an eye-popping valuation of $15billion. Worth noting that the deal was finalized in November, and it has raised $390million till now.<\/p>\n\n\n\n<p><a href=\"https:\/\/economictimes.indiatimes.com\/tech\/funding\/gupshup-lands-100-million-from-tiger-global-valuation-hits-1-4-billion\/articleshow\/81967192.cms\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Gupshup lands $100million from Tiger Global, valuation hits $1.4billion<\/strong><\/a><\/p>\n\n\n\n<p>Speaking of unicorns, the Indian startup ecosystem has been buzzing with one after the other this past week. Amidst those names is Gupshup, a SaaS-based messaging service for businesses. What&#8217;s more interesting is the fact that the company last raised money in 2011, and with its $100million xx round, it&#8217;s now valued at $1.4billion.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2021\/04\/06\/sendbird-raises-100m-at-a-1b-valuation-says-150m-users-now-interact-using-its-chat-and-video-apis\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Sendbird raises $100million at a $1billion+ valuation, says 150million+ users now interact using its chat and video APIs<\/strong><\/a><\/p>\n\n\n\n<p>Another business messaging service that has got funding this past week is <a href=\"https:\/\/www.saasworthy.com\/product\/sendbird\" target=\"_blank\" rel=\"noreferrer noopener\">SendBird<\/a>. As a <a href=\"https:\/\/www.saasworthy.com\/list\/cloud-communication-platform\" target=\"_blank\" rel=\"noreferrer noopener\">cloud communication platform<\/a>, it acts as a provider of chat, video, and other interactive services to its customers. Led by Steadfast Financial, the company is now valued at $1.05billion.<\/p>\n\n\n\n<p><a href=\"https:\/\/venturebeat.com\/2021\/04\/08\/tasktop-nabs-100m-to-turn-devops-metrics-into-visualizations-at-scale\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Tasktop nabs $100million to turn DevOps metrics into visualizations at scale<\/strong><\/a><\/p>\n\n\n\n<p>Tasktop is a value stream management (VSM) platform helping reduce the time to market and increase the pace of software development. It has gotten $100million to accelerate its growth. The round was led by Sumeru Equity Partners.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2021\/04\/08\/tines-raises-26m-series-b-for-its-no-code-security-automation-platform\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Tines raises $26million Series B for its no-code security automation platform<\/strong><\/a><\/p>\n\n\n\n<p>The interest around no-code \/ <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/low-code-development-platforms-lcdp-software\" target=\"_blank\">low-code startups<\/a> doesn&#8217;t seem to be stopping anytime soon. <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/tines-io\" target=\"_blank\">Tines<\/a>, a no-code security automation platform, has nabbed $26million Series B funding. Led by Addition Ventures, the Dublin-based startup will use the money to expand its team to focus on product growth.<\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">??? to whoever wrote the <a href=\"https:\/\/t.co\/WJPWrONhor\">https:\/\/t.co\/WJPWrONhor<\/a> landing page.<br><br>Look at this section above the fold. ??<br><br>It checks all the boxes:<br>\u2705 Precise, catchy headline<br>\u2705 Clear positioning (e.g. &quot;the only&#8230;&quot;)<br>\u2705 Stunning visuals<br>\u2705 Big, clear CTA<br>\u2705 Addresses objections <a href=\"https:\/\/t.co\/cdUOIlUVJ1\">pic.twitter.com\/cdUOIlUVJ1<\/a><\/p>&mdash; Corey Haines (@coreyhainesco) <a href=\"https:\/\/twitter.com\/coreyhainesco\/status\/1380305648865316865?ref_src=twsrc%5Etfw\">April 8, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 id=\"must-reads\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Must_reads\"><\/span>Must reads<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/ma.tt\/2021\/04\/wix-dirty-tricks\/\" target=\"_blank\" rel=\"noreferrer noopener\">Wix and their dirty tricks<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.forbes.com\/sites\/garydrenik\/2021\/04\/08\/how-the-fastest-growing-saas-companies-are-using-data-to-optimize-the-revenue-funnel\/?sh=7b0069e35e38\" target=\"_blank\" rel=\"noreferrer noopener\">How the fastest growing SaaS companies are using data to optimize the revenue funnel<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.searchenginejournal.com\/saas-homepage-seo\/393412\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to optimize a SaaS homepage: keywords, linking and more<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/openviewpartners.com\/blog\/saas-metrics-plg\/#.YG8oqFozaUk\" target=\"_blank\" rel=\"noreferrer noopener\">Is it time To ditch the old SaaS metrics?<\/a><\/p>\n\n\n\n<h2 id=\"listen-to\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Listen_to\"><\/span>Listen to<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>ConvertKit&#8217;s shocking growth to $25million revenue, power of creator economy<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/717f5d7fa8ab44479f512d3aee0c0ed9\/\" height=\"170px\" width=\"100%\"><\/iframe><\/figure>\n\n\n\n<p>In this podcast, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/convertkit\" target=\"_blank\">ConvertKit&#8217;s<\/a> Nathan Barry joins Nathan Latka to talk about his early years, the idea behind the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/email-marketing-software\" target=\"_blank\">email marketing software<\/a>, its growth, and more. The two also discuss the creator economy \u2013 which is suddenly in vogue with the rise of creator-focused tools.<\/p>\n\n\n\n<p><strong>Charting the journey of Dixa from zero to $10million ARR with Mads Fosselius<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/b4579af9796949f68bc58d04d66ef103\/\" height=\"170px\" width=\"100%\"><\/iframe><\/figure>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/dixa\" target=\"_blank\">Dixa<\/a> is a <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/help-desk-software\" target=\"_blank\">helpdesk software<\/a> based out of Denmark. Considering it competes against the giants in the space such as <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/zendesk-support\" target=\"_blank\">Zendesk<\/a>, this podcast with its CEO Mads Fosselius is a must-listen in order to understand how the company found its niche and grew to $10million ARR and beyond.&nbsp;<\/p>\n\n\n\n<p><strong>Snowflake CMO Denise Persson&#8217;s guide to taking your marketing to $100million<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/e5c67c4bd6d548f39b0d2a9e937ea7be\/\" height=\"170px\" width=\"100%\"><\/iframe><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/snowflake\" target=\"_blank\" rel=\"noreferrer noopener\">Snowflake<\/a> \u2013 one of the best IPOs of 2020 \u2013 has seen a phenomenal growth. Listen to its CMO, Denise Persson as she takes us through the five tips that helped the <a href=\"https:\/\/www.saasworthy.com\/list\/database-management-software\" target=\"_blank\" rel=\"noreferrer noopener\">database management software<\/a> achieve $100million ARR and beyond.<\/p>\n\n\n\n<h2 id=\"watch\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Watch\"><\/span>Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>SaaS landing pages that convert in 2021 \u2013 examples, trends &amp; insights<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"SaaS Landing Pages That Convert in 2021 - Examples, Trends &amp; Insights\" width=\"788\" height=\"443\" src=\"https:\/\/www.youtube.com\/embed\/ClkLZKmRM-Y?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>In this video, host TK Kader shares all you need to know about landing pages for a SaaS offering. He shares that as people are becoming wary of entering their details on a form, how you can generate leads without them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s everything that you need to know about the happenings in the world of SaaS in the past week <\/p>\n","protected":false},"author":3,"featured_media":2661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-2660","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-saas-weekly-roundup"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SaaS weekly roundup #15: Box gets $500million infusion, Canva becomes a decacorn, and more - SaaSworthy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-15-box-gets-500million-infusion-canva-becomes-a-decacorn-and-more\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SaaS weekly roundup #15: Box gets $500million infusion, Canva becomes a decacorn, and more - SaaSworthy Blog\" \/>\n<meta property=\"og:description\" content=\"Here&#039;s everything that you need to know about the happenings in the world of SaaS in the past week\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-15-box-gets-500million-infusion-canva-becomes-a-decacorn-and-more\" \/>\n<meta property=\"og:site_name\" content=\"SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; 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