Stay up-to-date with the latest update in the SaaS industry as we bring you the SaaS Weekly Roundup, which includes but not limited to breaking news on recent SaaS funding rounds. Discover which software-as-a-service companies are securing new investments, driving innovation, and shaping the future of cloud-based solutions.
Latest SaaS Weekly Roundup Funding News
Zoe Foundry: $5M for Benefits
On July 9, Zoë Foundry, a venture studio based in Redwood City, California, received a $5 million investment.Principal Financial Group and Reinsurance Group of America, Inc. lead this funding. (RGA), aims to boost Zoë Foundry’s efforts to revolutionize the employee benefits industry, according to the company.
Arkion gets $4M for AI grid inspections
Arkion, a startup from Stockholm, recently secured $4 million in funding. Previously called Skyqraft, Arkion specializes in AI-powered software for inspecting overhead power lines. This new investment will help them improve their technology. Their goal is to make power grid inspections faster and more accurate. With this funding, Arkion aims to lead the way in using AI for infrastructure maintenance.
HERO gets €40M for SaaS
HERO Software, a SaaS platform for trade SMEs in the DACH region, has secured €40 million in Series B funding. Their platform helps trade businesses manage all workflows in one place. It allows business owners and employees to streamline operations. Field workers can easily access all needed information on-site. This funding will help HERO expand and improve its services.
Team.blue secures €550M
Ghent-based team.blue, a digital support company for small businesses in Europe, got a big investment from CPP Investments. This deal values team.blue at €4.8 billion. CPP Investments put in around €550 million for a 20% stake. Hg is still the largest investor in team.blue. This investment helps team.blue grow and support more businesses.
BucksApp secures $1m for LatAm solutions
BucksApp, a B2B FinTech startup founded in Paraguay and Bolivia, has recently raised $1 million in a pre-seed funding round. This funding round provides initial capital for BucksApp to develop and expand its financial technology solutions. The funding will help BucksApp scale its operations and enhance its offerings to cater to the needs of businesses in the region. This milestone underscores BucksApp’s commitment to advancing financial technology solutions in South America.
Frumtak IV fund boosts Icelandic tech globally
Frumtak Ventures, an early-stage investor from Iceland, has recently completed raising $87 million for its fourth fund, Frumtak IV, surpassing its funding goal in a highly subscribed round. This new fund follows their $57 million Frumtak III launched in 2021. Frumtak Ventures is known for its focused strategy of investing in startups that use advanced technologies to solve real-world problems. While they invest across various sectors, they have a strong track record in supporting B2B SaaS startups during their early stages, from seed funding to Series A.
BOOOM VC closes €17M fund for EU B2B SaaS
This week, Felix Plapperer has officially become one of Europe’s solo general partners. His venture capital firm, BOOOM, has successfully completed raising its inaugural fund, totaling €17 million. This fund’s final closure marks a significant milestone for BOOOM as it prepares to invest in promising startups across various sectors. Plapperer, as a solo GP, will now focus on identifying and supporting innovative companies that show potential for growth and impact in the European market.
Evolution Equity funds Cytactic with $16M
Cytactic, known for its innovative SaaS platform, has recently raised $16 million in seed funding. This investment, led by Evolution Equity Partners, a prominent venture capital fund specializing in cybersecurity, places Cytactic in a leading position for managing and responding to cyber crises. The funding will support Cytactic’s efforts to enhance cybersecurity readiness through its platform, addressing critical challenges in the industry.
Amsterdam’s Findest gets €2.2M
Amsterdam-based Findest, a company focused on R&D software solutions, announced on Tuesday that it has raised €2.2 million in a new funding round. The funding was led by Partinc, a European investment firm based in Stockholm. This investment will support Findest in advancing its capabilities to discover new technologies faster using AI. The announcement highlights Findest’s commitment to enhancing research and development processes through innovative software solutions.
AllO secures $5M
allO, a provider of restaurant software, has raised $5 million in a Seed funding round. This funding will support their expansion into more cities across Germany and Europe. Known for partnerships with major companies like Google, UberEats, Wolt, Lieferando, and Stripe, allO aims to enhance its services for restaurant management.This funding round marks a pivotal step for allO as it grows its footprint and strengthens its partnerships within the restaurant technology sector.
