Userfront Raises $5.3M to Improve SaaS Identity Solutions
Userfront has successfully raised $5.3 million to enhance their SaaS identity solutions. This funding will help them develop more advanced features, making their platform even more secure and user-friendly for businesses looking to manage digital identities. This investment marks a significant step forward in their mission to provide top-notch identity management tools.
Pienza Ventures launches an accelerator for Indian SaaS B2B startups.
Pienza Ventures is making a significant investment in SaaS-based B2B Indian startups with a $5 million fund and an accelerator program. This initiative aims to identify and support new ventures, provide strategic guidance, and facilitate market entry into the US. Based in Seattle, Pienza Ventures is focused on leveraging the world’s largest startup ecosystem to boost these Indian startups’ growth and success.
Lumos, a software company specializing in centralizing app and identity management for IT and security teams, announced that it has secured $35 million in Series B funding. The round was led by Scale Venture Partners, with contributions from Andreessen Horowitz, Harpoon Ventures, Neo, and others. Lumos has experienced 9x revenue growth since its last funding round and has attracted top enterprise clients like Pinterest, MongoDB, and GitHub. This significant investment will help Lumos continue its rapid growth and innovation.
BTrust Secures $1.5M Seed Funding
Chilean fintech company BTrust has raised $1.5 million in a seed round led by Invexor, with participation from three angel investors. BTrust plans to use the funds to expand its operations and enhance its fraud detection capabilities by identifying and alerting invoice anomalies. BTrust operates as a SaaS-enabled factoring marketplace, allowing small and medium-sized enterprises (SMEs) to sell their invoices receivable to an investment fund network, optimizing their cash flow and working capital.
UnifyApps Secures $11M in Seed Funding
San Francisco-based UnifyApps, an AI startup specializing in enterprise integrations, has raised $11 million in seed funding to advance its Unified Integration Platform. The round was led by Elevation Capital, with participation from the founders and angel investors. This funding aims to revolutionize how enterprises connect disjointed applications using generative AI, making integrations more seamless and efficient.
ABSeed Raises $30M for Early-Stage B2B SaaS Startups in Latin America
Brazilian venture capital firm ABSeed has announced its third fund, Seed 3, raising $30 million to invest in early-stage B2B SaaS startups across Latin America. ABSeed will focus on SaaS combined with additional monetization layers like fintech and marketplaces. AI-driven solutions are also a key priority for their investments. This fund aims to support innovative startups and drive growth in the region’s tech ecosystem.
Capchase Secures €105M Credit Facility Led by Deutsche Bank
Capchase, a revenue acceleration platform for SaaS companies, has secured a €105 million credit facility led by Deutsche Bank. This adds to Capchase’s impressive funding history, surpassing $1 billion in combined debt and equity since its inception in 2020. Amid a significant decline in venture capital, Capchase reports a nearly 50% increase in non-dilutive funding to European startups in 2023. This funding will support UK and European SaaS businesses through Capchase Grow, providing non-dilutive financing for business expansion without sacrificing equity.
TadHealth Secures $1.6M in Oversubscribed Funding Round to Revolutionize Mental Health Services in Education
TadHealth has successfully secured $1.6 million in an oversubscribed funding round. This round was spearheaded by Halcyon Venture Partners and saw additional investment from the USC Viterbi School of Engineering Venture Fund, Halcyon Angels, and RevFund. The capital raised will be instrumental in TadHealth’s mission to enhance and revolutionize mental health services within the educational sector.
Recall.ai Secures $10M Series A to Enhance AI Meeting Bot Integration Across Platforms
Recall.ai has secured $10 million in a Series A funding round aimed at streamlining the integration of AI meeting bots across various platforms, including Zoom, Google Meet, Microsoft Teams, and Slack Huddles. The round was led by Ridge Ventures, with contributions from Industry Ventures, Y Combinator, IrregEx, Bungalow Capital, Hack VC, and other existing investors.
