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
Here we provide some SaaS Weekly Roundup Funidng News List.
Flint Capital Secures $160M Amid Downturn
Flint Capital, a Boston-based firm, raised $160 million for a new fund. The funding came from IT entrepreneurs, not typical institutional investors. These investors were attracted to Flint’s stable venture profits. Flint focuses on high-multiplier industries, offering better returns. This approach appealed to investors seeking alternatives to riskier assets.
Levitate Raises $15M in Series D Funding
Levitate, a SaaS company, has successfully raised $15 million in its Series D funding round. The company offers a “Happiness Platform” designed for businesses that rely heavily on customer relationships. This platform likely aims to improve customer satisfaction and loyalty. The successful fundraising indicates investor confidence in Levitate’s business model and growth potential. The new capital will presumably be used to further develop the platform, expand market reach, and strengthen the company’s position in the competitive SaaS industry.
BasedVC Secures $2M in Seed Funding
BasedVC, a decentralized venture capital investment platform, has completed a seed funding round. The company successfully raised $2 million from investors. This funding round values BasedVC at $15 million post-money. The platform likely aims to democratize venture capital investing through blockchain technology. This successful seed round suggests investor interest in decentralized finance (DeFi) applications in the venture capital space.
India’s startups to gain $1B in 2024 funding
India’s startup ecosystem is poised for substantial growth in 2024. Venture funding is expected to reach $1 billion, marking a 25% increase from 2023. A large portion of this investment will target AI-focused startups. These AI companies are seen as offering significant growth potential. This trend reflects the increasing importance of artificial intelligence in India’s tech landscape and investor confidence in the sector.
AI to boost India’s SaaS ARR to $50B by 2030
India’s SaaS market is expected to exceed $50 billion in ARR by 2030, driven by rapid AI advancements. The integration of AI into SaaS solutions is accelerating growth beyond earlier projections. This surge is creating opportunities for further upward revisions in revenue estimates. AI’s impact is positioning India as a key player in the global SaaS landscape, fueling innovation and market expansion. The growth trajectory highlights the transformative potential of AI in shaping the future of SaaS in India.
SafeGuard Privacy raises $3.6M in funding
SafeGuard Privacy, a SaaS compliance platform, has secured $3.6 million in funding. The platform helps various entities in the digital ecosystem comply with global privacy laws. It offers tools for assessment, auditing, and ensuring adherence to privacy regulations. The company’s clients include publishers, agencies, brands, data providers, and tech platforms. This funding round suggests investor confidence in the growing demand for privacy compliance solutions in the digital age.
Loré secures €8M in funding from idiCo
Paris-based investment firm idiCo has invested €8 million in Loré, a Bordeaux software company. Loré specializes in software for managing real estate tax and investment affairs. The investment was made as part of a primary Leveraged Buyout (LBO). This type of transaction typically involves acquiring a company using a significant amount of borrowed money. The deal suggests confidence in Loré’s growth potential and the increasing demand for specialized real estate management software.
Datch Closes $15 Million in Series A
Datch, an AI technology company based in New York, has secured additional funding. The company raised $15 million in an extension of its Series A round. Datch focuses on developing AI solutions for frontline workers in manufacturing, energy, and utility sectors. This funding indicates investor confidence in Datch’s AI applications for industrial settings. The new capital will likely be used to further develop Datch’s technology and expand its market presence.
Intelmatix Secures $20 Million in Series A
Intelmatix, a deep-tech AI startup based in Saudi Arabia, has raised $20 million. This funding was secured in a Series A round, typically indicating early-stage growth. The company specializes in advanced artificial intelligence technologies. This substantial investment suggests strong investor confidence in Intelmatix’s AI solutions and potential. The funding likely aims to accelerate Intelmatix’s technology development and market expansion in the AI sector.
Cents Raises $40 Million in Series B
Cents, a New York-based company, has secured $40 million in Series B funding. The company offers an all-in-one business management platform specifically for small and medium-sized garment care businesses. This latest round brings Cents’ total funding to over $77 million. The substantial investment indicates strong market interest in specialized software solutions for niche industries. The funding will likely be used to enhance the platform’s features and expand its market reach in the garment care sector.
Apromore raises $15M in Series B-1
Apromore, based in Melbourne, Australia, has raised an additional $15 million. This funding comes as an extension to its Series B round. The company specializes in AI-driven process mining and digital solutions. Process mining helps organizations analyze and improve their business processes. This investment suggests growing interest in AI-powered tools for business process optimization and digital transformation.
Perchwell Secures $25 Million in Series B
Perchwell, a New York-based company, has raised $25 million i n Series B funding. The company offers a modern data and workflow platform specifically for the residential real estate sector. This substantial investment indicates strong market interest in advanced tech solutions for real estate operations. Perchwell’s platform likely aims to streamline and optimize various aspects of residential real estate transactions and management. The funding will probably be used to enhance the platform’s features and expand its market presence.
Protect AI Closes $60 Million in Series B
Protect AI, based in Seattle, has secured $60 million in Series B funding. The company specializes in security solutions for artificial intelligence and machine learning systems. This latest round brings Protect AI’s total funding to $108.5 million. The substantial investment indicates growing concern and demand for AI security in the tech industry. The funding will likely be used to enhance Protect AI’s security offerings and expand its market presence in the rapidly evolving AI/ML security sector.
Osapiens Secures €110.7 Million in Series B Funding
Mannheim-based ESG platform osapiens raised €110.7 million in Series B funding, led by Goldman Sachs Alternatives. The investment will boost their AI-powered technology and support international expansion. This funding will enhance their platform’s ability to simplify ESG compliance. With a growing customer base, osapiens aims to make a significant impact in ESG technology. The round reflects strong confidence in their sustainability mission.
Read More: SaaS Weekly Roundup #12 – SaaS Funding Highlights
