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 Funding News
Here, we provide you some major news from SaaS.
Temasek, Fidelity invested $200 million in Lenskart
Singapore’s state investment firm Temasek and US-based Fidelity have jointly invested $200 million in Lenskart, an omnichannel eyewear unicorn. With this move, Temasek has effectively doubled its investment in the startup, while Fidelity has secured a spot on the startup’s cap table.
Subble Launches with $1M Pre-Seed Funding
Subble launched with a $1 million pre-seed investment from Haystack Capital for product refinement and customer expansion. This platform addresses a critical pain point for businesses and has the potential to revolutionize how organizations manage their software assets. They are confident that the investment will enable Subble to innovate further and drive significant value for its customers and investors.
Inventive Secures $6.5M in Seed Funding
Inventive, a San Francisco-based startup specializing in embedded AI for SaaS products, has raised $6.5M in seed funding. The company plans to use the funds to enhance its platform designed for product teams. This platform aims to help teams deliver AI-powered experiences in their customer-facing software products. The investment will support further development and expansion efforts. Inventive is poised to revolutionize how AI integrates into SaaS offerings.
Sagetap: $6.8M to Match SaaS Buyers
Sagetap, the innovative AI-driven marketplace connecting SaaS buyers and sellers, announced a significant $6.8 million funding round from NFX, Uncorrelated Ventures, Emergent Ventures, and 15 active customers. Notably, the company boasts a cash-flow positive status and has achieved a remarkable threefold revenue growth year-over-year. With this new funding, Sagetap aims to expand its network of tech executives and further enhance its product recommendation engine and decision-support tools.
Testsigma Raises $8.2M
Test automation startup Testsigma secures $8.2 million in funding led by MassMutual Ventures. Leveraging its Natural Language Programming (NLP) engine, Testsigma empowers users to create, manage, and execute end-to-end automated tests for web, mobile apps, and APIs. The company introduces new generative AI capabilities to its low-code platform, enhancing efficiency and effectiveness for QA teams. Testsigma’s approach aims to streamline test automation, making it accessible and impactful for businesses.
Alysio Secures $3.3M in Seed Funding
Alysio, the Go-To-Market (GTM) Performance Platform, celebrates the successful closure of its $3.3 million seed funding round. Alysio is dedicated to transforming how sales and marketing teams approach their go-to-market strategies. Alysio’s platform integrates advanced analytics and AI-driven insights to empower GTM teams with real-time performance intelligence. This enables organizations to streamline GTM processes, optimize strategies, and drive revenue growth.
Re:cap Secures $14.6M in Series A Funding
Today, financing and data insights company Re:cap has unveiled its Series A funding round, securing USD 14.6 million. Alongside this milestone, Re:cap also launched its proprietary Software as a Service (SaaS) platform. This new funding enables the company to expand its alternative debt financing business and marketplace, as well as to scale its software platform. Re:cap Institutional introduces a data-driven software platform for modern investors, alongside a new cash flow management software solution for businesses.
Ittybit Raises £1.5m
Ittybit, is a specialized software in simplifying the uploaded large files. The startup recently secured £1.5 million in funding. Its AI compression tool reduces upload and download times, as well as storage requirements. Additionally, Ittybit provides tools for filtering unsafe uploads, improving content searchability, and automating tagging and transcription processes.
Creandum Raises €500M Fund
Creandum, a Swedish VC firm that backs European founders of both B2B and B2C companies in various industries, has raised its seventh fund of €500 million. This fund will focus on investing in European tech startups during the seed and Series A stages.
Fibe Raises $90M for Loan Diversification
Indian digital lending platform Fibe, previously EarlySalary, secures $90M in Series E funding. The round is co-led by new investors Amara Partners, TR Capital, and Trifecta Capital. Existing backers, including Chiratae Ventures, TPG Rise Fund, Norwest Venture Partners, and Eight Roads Ventures, also participated.
LogicLadder Secures $2.5 Million in Funding
India’s leading enterprise sustainability management and climate action cloud software provider, LogicLadder, announces the successful closure of a new funding round USD 2.5 million into the company. With this funding, LogicLadder plans to expand its global presence in South Asia and North America. The new investors join an impressive roster of existing backers, including ONGC, Shell, and IIM Lucknow EIC.
Read More: SaaS Weekly Roundup #3 SaaS Weekly Roundup #2
