{"id":8948,"date":"2022-01-17T19:13:22","date_gmt":"2022-01-17T13:43:22","guid":{"rendered":"https:\/\/www.saasworthy.com\/blog\/?p=8948"},"modified":"2022-01-17T19:14:08","modified_gmt":"2022-01-17T13:44:08","slug":"saas-weekly-roundup-3-brex-and-bolt-become-a-decacorn-justworks-postpones-its-ipo-and-more","status":"publish","type":"post","link":"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-3-brex-and-bolt-become-a-decacorn-justworks-postpones-its-ipo-and-more","title":{"rendered":"SaaS weekly roundup #3: Brex and Bolt become a decacorn, Justworks postpones its IPO, and more"},"content":{"rendered":"\n<p>Forget unicorns, make way for decacorns. Yes, while unicorns may have become commonplace, we&#8217;re seeing several companies joining the decacorn club too. The past week was no different. Of course, we also saw some acquisitions, and news about companies planning their IPOs, among other things. So without any further ado, here&#8217;s everything that you need to know in the world of SaaS as per the last week&#8217;s happenings.<\/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-3-brex-and-bolt-become-a-decacorn-justworks-postpones-its-ipo-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-3-brex-and-bolt-become-a-decacorn-justworks-postpones-its-ipo-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-3-brex-and-bolt-become-a-decacorn-justworks-postpones-its-ipo-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-3-brex-and-bolt-become-a-decacorn-justworks-postpones-its-ipo-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-3-brex-and-bolt-become-a-decacorn-justworks-postpones-its-ipo-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:\/\/www.vccircle.com\/tiger-global-backed-b2b-packaging-platfom-bizongo-acquihires-edtech-firm-hexa\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Tiger Global-backed B2B packaging platfom Bizongo acquihires edtech firm Hexa<\/strong><\/a><\/p>\n\n\n\n<p>Made-to-order platform Bizongo has announced the acquisition of <a href=\"https:\/\/www.saasworthy.com\/product\/gohexa\" target=\"_blank\" rel=\"noreferrer noopener\">Hexa<\/a>, an ed-tech cloud platform for college placements. This is an acquihire to get Hexa&#8217;s team join Bizonogo as it looks to launch new products.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.ft.com\/content\/fd21ce14-6ea9-49c9-8593-e818d7a480b2\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>HR software group Justworks pulls IPO as tech stocks fall<\/strong><\/a><\/p>\n\n\n\n<p>Amidst all the boom in the industry, we&#8217;re also see not-so-positive public markets. Perhaps that explains why <a href=\"https:\/\/www.saasworthy.com\/list\/hr-software\" target=\"_blank\" rel=\"noreferrer noopener\">HR software<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/justworks\" target=\"_blank\" rel=\"noreferrer noopener\">Justworks<\/a> has suspended its IPO plans.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.moneycontrol.com\/news\/business\/companies\/saas-fintech-firm-zaggle-kickstarts-preparation-to-raise-around-200-250-million-via-ipo-7939451.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>SaaS fintech firm Zaggle kickstarts preparation to raise around $200-$250million via IPO<\/strong><\/a><\/p>\n\n\n\n<p>Aiming to become a &#8220;global digital bank&#8221;, <a href=\"https:\/\/www.saasworthy.com\/product\/zaggle-save\" target=\"_blank\" rel=\"noreferrer noopener\">Zaggle<\/a> was started in 2011. It offers financial solutions, and helps companies and retailers in providing gifts and experiences to employees and customers. It&#8217;s reported to make a public debut, raising $200-$250million.<\/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.wsj.com\/articles\/fintech-startup-checkout-com-scores-40-billion-valuation-in-latest-share-sale-11641988805?mod=djemalertNEWS\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Fintech startup Checkout.com scores $40billion valuation in latest share sale<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/checkout-com\" target=\"_blank\" rel=\"noreferrer noopener\">Checkout.com<\/a> has become one of the most valued startups globally with its latest funding of $1billion. The investment was made by new investors like Franklin Templeton and Qatar Investment Authority along with existing investors such as Insight Partners and Tiger Global Management. Worth noting that <a href=\"https:\/\/www.saasworthy.com\/list\/payment-processing-software\" target=\"_blank\" rel=\"noreferrer noopener\">payment processing software<\/a> didn&#8217;t raise any funding till 2019. The funding will be used towards expanding into the US, and catering to cryptocurrency companies.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2022\/01\/11\/brex-confirms-12-3b-valuation-hires-meta-exec-to-serve-as-its-chief-product-officer\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Fintech Brex confirms $12.3billion valuation, snaps up Meta exec to serve as its head of product<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/brex\" target=\"_blank\" rel=\"noreferrer noopener\">Brex<\/a> has been on a tear, and that doesn&#8217;t seem to be stopping anytime soon. The provider of <a href=\"https:\/\/www.saasworthy.com\/list\/expense-management-software\" target=\"_blank\" rel=\"noreferrer noopener\">expense management software<\/a>, as well as a corporate credit card, has now raised a $300million Series D-2 round that imputes a value of $12.3billion. The round was co-led by Greenoaks Capital and TCV. The company also highlighted that it has more than doubled its revenue.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2022\/01\/14\/online-checkout-bolt-decacorn\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Fresh round of $355million lifts online checkout company Bolt into decacorn territory<\/strong><\/a>&nbsp;<\/p>\n\n\n\n<p>Another checkout technology company was in news in the last week \u2013 <a href=\"https:\/\/www.saasworthy.com\/product\/bolt-platform\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"ek-link\">Bolt<\/a> closed a $355million Series E investment. It was led by BlackRock, and values it at $11billion.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.geekwire.com\/2022\/highspot-raises-248m-at-3-5b-valuation-as-demand-rises-for-software-that-helps-salespeople\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Highspot raises $248million at $3.5billion valuation as demand rises for software that helps salespeople<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/sales-enablement-software\" target=\"_blank\" rel=\"noreferrer noopener\">Sales enablement software<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/highspot\" target=\"_blank\" rel=\"noreferrer noopener\">Highspot<\/a> has gotten $248million as part of a Series F round. Valuing the startup at $3.5billion, the investment was led by B Capital Group and D1 Capital Partners.<\/p>\n\n\n\n<p><a href=\"https:\/\/venturebeat.com\/2022\/01\/11\/workplace-management-platform-envoy-nabs-111m-to-power-the-hybrid-workforce\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Workplace management platform Envoy nabs $111million to power the hybrid workforce<\/strong><\/a>&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/visitor-management-software\" target=\"_blank\" rel=\"noreferrer noopener\">Visitor management platform<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/envoy-visitors\" target=\"_blank\" rel=\"noreferrer noopener\">Envoy<\/a> has received $111million Series C financing. Led by Brookfield Growth, the round values the startup at $1.4billion.<\/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\">My SaaS business hit $1,500 MRR and then got stuck. <br><br>Until I learned an important trick\u2026<br><br>Here\u2019s the exact method I used to scale to $100k MRR in the next 12 months:<\/p>&mdash; Nathan Barry (@nathanbarry) <a href=\"https:\/\/twitter.com\/nathanbarry\/status\/1482374302414426116?ref_src=twsrc%5Etfw\">January 15, 2022<\/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.thesaascfo.com\/the-saas-bookings-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">The SaaS bookings report | why it matters<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/openviewpartners.com\/blog\/pricing-transformations-in-2022\/#.YeGOgTZBxD8\" target=\"_blank\" rel=\"noreferrer noopener\">Pricing transformations in 2022<\/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>Bill Macaitis &#8211; SVP\/CMO at Salesforce, Zendesk, and Slack &#8211; how to build a billion dollar SaaS company<\/strong><\/p>\n\n\n\n<iframe src=\"https:\/\/www.listennotes.com\/podcasts\/the-growth-hub\/bill-macaitis-svpcmo-at-MW2BQjS8tzU\/embed\/\" height=\"170px\" width=\"100%\" style=\"width: 1px; min-width: 100%;\" loading=\"lazy\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n\n\n\n<p>Former SVP of Marketing and CMO at notable SaaS companies like <a href=\"https:\/\/www.saasworthy.com\/product\/salesforce\" target=\"_blank\" rel=\"noreferrer noopener\">Salesforce<\/a>, <a href=\"https:\/\/www.saasworthy.com\/product\/zendesk-sell\" target=\"_blank\" rel=\"noreferrer noopener\">Zendesk<\/a>, and <a href=\"https:\/\/www.saasworthy.com\/product\/slack\" target=\"_blank\" rel=\"noreferrer noopener\">Slack<\/a> shares in this podcast all about building a billion-dollar SaaS company. He also discusses how he managed to bring the B2C mindset to B2B marketing.<\/p>\n\n\n\n<p><strong>Proven leadership frameworks for a high-performing sales team with Databricks&#8217; VP of sales Heather Akuiyibo<\/strong><\/p>\n\n\n\n<iframe src=\"https:\/\/www.listennotes.com\/podcasts\/the-official\/saastr-517-proven-leadership-WCBOzxcvdjl\/embed\/\" height=\"170px\" width=\"100%\" style=\"width: 1px; min-width: 100%;\" loading=\"lazy\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n\n\n\n<p>Running a high-performing sales team is easier said than done. In this podcast, <a href=\"https:\/\/www.saasworthy.com\/product\/databricks\" target=\"_blank\" rel=\"noreferrer noopener\">Databricks&#8217;<\/a> VP of Sales Heather Akuyibo discusses frameworks that can help the sales team to succeed, which in turn helps revenue, and productivity goes up too.<\/p>\n\n\n\n<p><strong>Capturing a valuable market from the bottom up with Amjad Masad of Replit<\/strong><\/p>\n\n\n\n<iframe src=\"https:\/\/www.listennotes.com\/podcasts\/indie-hackers\/240-capturing-a-valuable-EmsX1yJWi_r\/embed\/\" height=\"170px\" width=\"100%\" style=\"width: 1px; min-width: 100%;\" loading=\"lazy\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n\n\n\n<p>With an easy-to-use <a href=\"https:\/\/www.saasworthy.com\/list\/ide-software\" target=\"_blank\" rel=\"noreferrer noopener\">online IDE<\/a>, <a href=\"https:\/\/www.saasworthy.com\/product\/repl-it\" target=\"_blank\" rel=\"noreferrer noopener\">Replit<\/a> is democratizing access to coding, so this podcast is a fascinating listen as to its strategy and more. Its founder Amjad Masad shares their bottoms-up motion, how he has learned the ropes of being a founder though he never planned to, and more.<\/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 companies that anyone can start with Rob Walling<\/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=\"Saas Companies that Anyone Can Start with Rob Walling\" width=\"788\" height=\"443\" src=\"https:\/\/www.youtube.com\/embed\/kzfSlCo2cGk?start=1110&#038;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 podcast-cum-video, MicroConf&#8217;s Rob Walling talks about SaaS business ideas that anyone can start easily. He also shares his journey and discusses why or why not one should sell their company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forget unicorns, make way for decacorns. Yes, while unicorns may have become commonplace, we&#8217;re seeing several companies joining the decacorn club too. The past week was no different. Of course, we also saw some acquisitions, and news about companies planning their IPOs, among other things. So without any further ado, here&#8217;s everything that you need<\/p>\n","protected":false},"author":3,"featured_media":8951,"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-8948","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 #3: Brex and Bolt become a decacorn, Justworks postpones its IPO, and more - SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; Trends in SaaS<\/title>\n<meta name=\"description\" content=\"Forget unicorns, make way for decacorns. Yes, while unicorns may have become commonplace, we&#039;re seeing several companies joining the decacorn club too.\" \/>\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-3-brex-and-bolt-become-a-decacorn-justworks-postpones-its-ipo-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 #3: Brex and Bolt become a decacorn, Justworks postpones its IPO, and more - SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; Trends in SaaS\" \/>\n<meta property=\"og:description\" content=\"Forget unicorns, make way for decacorns. Yes, while unicorns may have become commonplace, we&#039;re seeing several companies joining the decacorn club too.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-3-brex-and-bolt-become-a-decacorn-justworks-postpones-its-ipo-and-more\" \/>\n<meta property=\"og:site_name\" content=\"SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; Trends in SaaS\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/saasworthy\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-17T13:43:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-17T13:44:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2022\/01\/SaaS-Weekly-roundup-3-SaaSworthy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nitansh Rastogi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@saasworthy\" \/>\n<meta name=\"twitter:site\" content=\"@saasworthy\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nitansh Rastogi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-3-brex-and-bolt-become-a-decacorn-justworks-postpones-its-ipo-and-more\",\"url\":\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-3-brex-and-bolt-become-a-decacorn-justworks-postpones-its-ipo-and-more\",\"name\":\"SaaS weekly roundup #3: Brex and Bolt become a decacorn, Justworks postpones its IPO, and more - SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; Trends in SaaS\",\"isPartOf\":{\"@id\":\"https:\/\/dev.saasworthy.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-3-brex-and-bolt-become-a-decacorn-justworks-postpones-its-ipo-and-more#primaryimage\"},\"image\":{\"@id\":\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-3-brex-and-bolt-become-a-decacorn-justworks-postpones-its-ipo-and-more#primaryimage\"},\"thumbnailUrl\":\"https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2022\/01\/SaaS-Weekly-roundup-3-SaaSworthy.jpg\",\"datePublished\":\"2022-01-17T13:43:22+00:00\",\"dateModified\":\"2022-01-17T13:44:08+00:00\",\"author\":{\"@id\":\"https:\/\/dev.saasworthy.com\/blog\/#\/schema\/person\/0a908a8cb79f924b90d6749d3c1f7f0f\"},\"description\":\"Forget unicorns, make way for decacorns. 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