{"id":7591,"date":"2021-10-18T14:31:35","date_gmt":"2021-10-18T09:01:35","guid":{"rendered":"https:\/\/www.saasworthy.com\/blog\/?p=7591"},"modified":"2021-10-18T14:31:40","modified_gmt":"2021-10-18T09:01:40","slug":"saas-weekly-roundup-42-gitlab-makes-a-stunning-debut-on-nasdaq-personio-raises-270million-and-more","status":"publish","type":"post","link":"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-42-gitlab-makes-a-stunning-debut-on-nasdaq-personio-raises-270million-and-more","title":{"rendered":"SaaS weekly roundup #42: GitLab makes a stunning debut on NASDAQ, Personio raises $270million, and more"},"content":{"rendered":"\n<p>From Canva foraying into videos to HR software like Personio and Hibob raising massive investment rounds, the past week was quite packed with news in the world of SaaS. We also have some interesting reads and podcasts for you. So without wasting any more time, let&#8217;s get going.<\/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-42-gitlab-makes-a-stunning-debut-on-nasdaq-personio-raises-270million-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-42-gitlab-makes-a-stunning-debut-on-nasdaq-personio-raises-270million-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-42-gitlab-makes-a-stunning-debut-on-nasdaq-personio-raises-270million-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-42-gitlab-makes-a-stunning-debut-on-nasdaq-personio-raises-270million-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-42-gitlab-makes-a-stunning-debut-on-nasdaq-personio-raises-270million-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:\/\/venturebeat.com\/2021\/10\/14\/ironsource-will-buy-mobile-ad-and-app-monetization-firm-tapjoy-for-400m\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Ironsource will buy mobile ad and app monetization firm Tapjoy for $400million<\/strong><\/a><\/p>\n\n\n\n<p>Israel-based ironSource, a company that helps mobile content creators to monetize, has acquired San Francisco-based Tapjoy, a mobile advertising and app monetization company. The deal is pegged at $400million and is expected to close in the next six months, subject to regulatory approvals.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/10\/14\/gitlab-jumps-in-nasdaq-debut-after-pricing-ipo-above-expected-range.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>GitLab jumps 35% in its Nasdaq debut after code-sharing company priced IPO above expected range<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/gitlab\" target=\"_blank\" rel=\"noreferrer noopener\">GitLab<\/a> witnessed a stunning debut on the Wall Street with its shares rising 35 percent. Trading with the symbol GTLB, its stock price rose to $103.89, giving it a valuation of $14.9billion \u2013 much higher than the $11billion market cap upon listing.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2021\/10\/12\/canva-is-getting-into-video\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Canva is getting into video<\/strong><\/a><\/p>\n\n\n\n<p>Among the world&#8217;s most valuable startups, <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> is now venturing into the video space. It differentiates itself by offering a scene-focused interface, a variety of templates, screen, and in-editor recording, among other things.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.zdnet.com\/article\/dell-expands-focus-on-telecom-space-with-new-deployment-software\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Dell expands focus on telecom space with new deployment software<\/strong><\/a><\/p>\n\n\n\n<p>Michael Dell-owned company has been doing a great job of transitioning from a hardware maker to the world of software. Now, it has announced software to help telecom networks solve various complexities associated with deploying and managing servers across various geographic locations. Dubbed Bare Metal Orchestrator, it&#8217;ll be globally available from November.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2021\/10\/12\/doist-redesigns-twist-the-slack-alternative-focused-on-async-work\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Doist redesigns Twist, the Slack alternative focused on async work<\/strong><\/a><\/p>\n\n\n\n<p>One thing that has emerged in the remote work era is the importance of asynchronous work. This means that the usual software that enable synchronous work aren&#8217;t ready for the future of remote work. That&#8217;s the bet that Doist&#8217;s founder Amir Salihefendic is making with its <a href=\"https:\/\/www.saasworthy.com\/product\/slack\" target=\"_blank\" rel=\"noreferrer noopener\">Slack<\/a> alternative \u2013 <a href=\"https:\/\/www.saasworthy.com\/product\/twist\" target=\"_blank\" rel=\"noreferrer noopener\">Twist<\/a>. Now, it features a revamped interface and new keyboard shortcuts.<\/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:\/\/techcrunch.com\/2021\/10\/11\/personio-an-hr-platform-for-smes-raises-270m-on-a-6-3b-valuation-expands-into-workflow-automation\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Personio, an HR platform for SMEs, raises $270million on a $6.3billion valuation, expands into workflow automation<\/strong><\/a><\/p>\n\n\n\n<p>The pandemic has brought <a href=\"https:\/\/www.saasworthy.com\/list\/hr-software\" target=\"_blank\" rel=\"noreferrer noopener\">HR software<\/a> to the forefront. <a href=\"https:\/\/www.saasworthy.com\/product\/personio\" target=\"_blank\" rel=\"noreferrer noopener\">Personio<\/a>, a Munich-based startup has been a huge beneficiary of the same, and has now closed a $275million funding round. The Series E investment was led by Greenoaks Capital Partners. The startup has also announced workflow automation by leveraging machine learning and robotic process automation to make repetitive HR tasks redundant.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.hibob.com\/blog\/hibob-raises-150mm-series-c-funding\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Hibob did it again: $150million raised in Series C funding round<\/strong><\/a><\/p>\n\n\n\n<p>Personio isn&#8217;t the only HR software that raised significant funding this week. New York-based Hibob has nabbed a $150million Series C funding. The round was led by General Atlantic, and will help it to expand globally and improve its product offerings.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2021\/10\/11\/hubilo-picks-up-125m-to-double-down-on-building-a-more-engaging-platform-for-virtual-and-live-events\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Hubilo picks up $125million to double down on building a more engaging platform for virtual and live events<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/virtual-event-platforms\" target=\"_blank\" rel=\"noreferrer noopener\">Virtual event platform<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/hubilo\" target=\"_blank\" rel=\"noreferrer noopener\">Hubilo<\/a> has got $125million in funding, just seven months after raising $23.5million Series A round. Led by Alkeon Capital, the startup is aiming to become Wix \/ WordPress for virtual events.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.businesswire.com\/news\/home\/20211014005362\/en\/Groove-Raises-45M-Series-B-Funding-Round-Led-by-Viking-Global-Investors\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Groove raises $45million Series B funding round led by Viking Global Investors<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/sales-engagement-software\" target=\"_blank\" rel=\"noreferrer noopener\">Sales engagement software<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/groove-co\" target=\"_blank\" rel=\"noreferrer noopener\">Groove<\/a> has received $45million as part of Series B investment. Led by Viking Global Investors, the startup also announced that its ARR has grown 114 percent y-o-y. Built for Salesforce, it has also expanded revenue intelligence capabilities, pipeline management, and ROI reporting, among other things.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.vccircle.com\/saas-platform-toch-ai-raises-11-7-mn-in-series-a-round-from-moneta-ventures-others\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>SaaS platform Toch.ai raises $11.7 mn in Series A round from Moneta Ventures, others<\/strong><\/a><\/p>\n\n\n\n<p>AI-powered SaaS platform Toch.ai processes video content such as live sports, TV shows, and more by using things like metatags and highlights. It has gotten a Series A investment worth $11.7million to expand globally and improve its tech infrastructure.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The GitLab story shows the multiple paths to winning in software that 10 years ago few believed. You can build massive value around open source. Your biggest competitor can get acquired by a major player, and the market still grows massively. You can be 100% remote. And so on.<\/p>&mdash; Aaron Levie (@levie) <a href=\"https:\/\/twitter.com\/levie\/status\/1448723062237515804?ref_src=twsrc%5Etfw\">October 14, 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:\/\/www.theatlantic.com\/magazine\/archive\/2021\/11\/slack-office-trouble\/620173\/\" target=\"_blank\" rel=\"noreferrer noopener\">Slackers of the world, unite!<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/sifted.eu\/articles\/accel-saas-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">Seven takeaways from the Accel state of European SaaS report<\/a><\/p>\n\n\n\n<p><strong>Related listen:<\/strong> <a href=\"https:\/\/www.saastock.com\/blog\/accel-saas-euroscape-2021-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Accel SaaS Euroscape 2021 Report<\/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>Grit, timing, and building businesses you love with Andrew Gazdecki of MicroAcquire<\/strong><\/p>\n\n\n\n<iframe src=\"https:\/\/www.listennotes.com\/podcasts\/indie-hackers\/230-grit-timing-and-building-tQKZ7nSrXP2\/embed\/\" height=\"170px\" width=\"100%\" style=\"width: 1px; min-width: 100%;\" loading=\"lazy\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n\n\n\n<p>MicroAcquire&#8217;s Andrew Gazdecki has a different perspective in today&#8217;s world of well-funded SaaS companies. He not only shares about his bootstrapped journey, but he also talks about how it can be a great option for future makers. He also discusses why MicroAcquire is a good way to sell businesses.<\/p>\n\n\n\n<p><strong>Signing into 35,000 companies with Sunil Patro of SignEasy<\/strong><\/p>\n\n\n\n<iframe src=\"https:\/\/www.listennotes.com\/podcasts\/saasboomi\/signing-into-35000-companies-0LrsP619Nlx\/embed\/\" height=\"170px\" width=\"100%\" style=\"width: 1px; min-width: 100%;\" loading=\"lazy\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n\n\n\n<p>Despite competing with giants in the <a href=\"https:\/\/www.saasworthy.com\/list\/electronic-signature-software\" target=\"_blank\" rel=\"noreferrer noopener\">electronic signature space<\/a> like <a href=\"https:\/\/www.saasworthy.com\/product\/docusign\" target=\"_blank\" rel=\"noreferrer noopener\">DocuSign<\/a>, <a href=\"https:\/\/www.saasworthy.com\/product\/adobe-sign\" target=\"_blank\" rel=\"noreferrer noopener\">Adobe Sign<\/a>, and more, <a href=\"https:\/\/www.saasworthy.com\/product\/signeasy\" target=\"_blank\" rel=\"noreferrer noopener\">SignEasy<\/a> has been able to carve a market for itself. It has been able to do that with its mobile-first approach. In this podcast, its founder Sunil Patro shares his journey, challenges along the way, learnings, why he bootstrapped for a long time, and more.<\/p>\n\n\n\n<p><strong>The State of the Cloud 2022, How to Build a Cloud Unicorn with Bessemer Venture Partners<\/strong><\/p>\n\n\n\n<iframe src=\"https:\/\/www.listennotes.com\/podcasts\/the-official\/saastr-484-the-state-of-the-fNY2dbTM5RX\/embed\/\" height=\"170px\" width=\"100%\" style=\"width: 1px; min-width: 100%;\" loading=\"lazy\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n\n\n\n<p>In this podcast, Bessemer Venture Partners\u2019 Byron Deeter, Mary D\u2019Onofrio, and Elliott Robinson take listeners through the current state of the cloud economy. They discuss lessons for early-stage founders as well as case studies of how companies have thrived amidst the uncertainty of the pandemic.<\/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>How to find early adopters for your B2B SaaS<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"How To Find Early Adopters For Your B2B SaaS\" width=\"788\" height=\"443\" src=\"https:\/\/www.youtube.com\/embed\/weR5DSYThGc?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, Dan Martell helps Cruise \u2013 a startup that lets employees from a company carpool together by also managing carbon offset \u2013 find early adopters. He shares how the startup can find early technology adopters and define its revenue model.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Canva foraying into videos to HR software like Personio and Hibob raising massive investment rounds, the past week was quite packed with news in the world of SaaS. We also have some interesting reads and podcasts for you. So without wasting any more time, let&#8217;s get going. News of the week Ironsource will buy<\/p>\n","protected":false},"author":3,"featured_media":7592,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":3,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-7591","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 #42: GitLab makes a stunning debut on NASDAQ, Personio raises $270million, and more - SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; Trends in SaaS<\/title>\n<meta name=\"description\" content=\"From Canva foraying into videos to HR software like Personio and Hibob raising massive investment rounds, the past week was quite packed with news in the\" \/>\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-42-gitlab-makes-a-stunning-debut-on-nasdaq-personio-raises-270million-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 #42: GitLab makes a stunning debut on NASDAQ, Personio raises $270million, and more - SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; 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