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.
AI Venture Capital Trust boosts its funding efforts.
Superseed Capital, a venture capital trust targeting early-stage AI and SaaS companies, announced investments totaling nearly half a million pounds in the past three months. The £2 million trust also reported a 5p increase in its net asset value per share, now at £1.16, for the first quarter of 2024.
Forward secures $16M seed funding
Forward, a tech partner empowering SaaS companies to integrate and monetize payments, has successfully raised $16M in seed funding. Led by Commerce Ventures, Elefund, and Fiserv, this funding will allow Forward to meet growing demand from software partners and utilize AI to enhance payment risk functions, significantly improving experiences for both clients and merchants.
Kintsugi AI Secures $6m Series A Funding
In this Kintsugi funding round, which values the company at $40 million, significant contributions were made by Link Ventures, Venture Highway, KyberKnight, Plug and Play, and DeVC. These venture capital firms spearheaded the investment, providing substantial financial backing. Additionally, notable angel investors participated, further boosting the fund. This collective investment will enable Kintsugi to accelerate its growth and development. The successful funding round underscores the confidence investors have in Kintsugi’s innovative potential and future prospects.
Sagetap Secures $6.8M in Seed Funding.
Sagetap, an innovative AI-powered platform connecting SaaS buyers and sellers, has secured $6.8 million in funding from NFX, Uncorrelated Ventures, Emergent Ventures, and 15 active customers. The company is not only cash-flow positive but has also achieved a remarkable three-fold increase in revenue Year-over-Year.
BlueRock TMS partners Fortino.
BlueRock, an international TMS vendor from North Brabant, Netherlands, announced on Wednesday that Fortino Capital has become an investor. This partnership marks a significant milestone for BlueRock, enhancing their growth prospects. Fortino Capital’s investment will support BlueRock’s mission to innovate and expand its transportation management solutions globally.
LegalTech StructureFlow Rasis £4.7M in Series A
LegalTech StructureFlow secures £4.7M in Series A funding to revolutionize corporate data visualization. This investment will empower the B2B SaaS platform to enhance its product development and expand globally by leveraging artificial intelligence.
Capchase secures €105 Million
Capchase, a platform designed to accelerate revenue for SaaS companies, has secured a €105 million credit facility warehouse, with Deutsche Bank leading the initiative. This significant funding boost will empower Capchase to offer more robust financial solutions to its clients, enhancing their cash flow management. The collaboration with Deutsche Bank underscores the confidence in Capchase’s innovative approach to supporting SaaS growth.
Women’s health company Natural Cycles, known for the world’s first birth control app, completes a $55 million Series C financing round led by Lauxera Capital Partners. Point72 Private Investments also participated, along with a revolving debt facility from J.P. Morgan. The funding will fuel commercial acceleration, new product development, and healthcare reimbursement automation.
Novel raises $15M to boost Capital Intelligence™.
Novel announces a $15 million Pre-Series A round, co-led by IGNIA Partners and Ulu Ventures, to expand its Capital Intelligence™ platform. MatterScale, Gaingels, and previous investors also join. With this funding, Novel has raised over $130 million, helping tech founders fund and grow their businesses in new ways.
ZeFi Raises €1.6M for Analytics.
Italian SaaS ZeFi secures €1.6M for its ML-powered data analytics, enabling businesses to analyze user interactions. ZeFi aids in identifying growth areas and cost reduction opportunities, helping clients understand customers, reduce churn, and increase loyalty. Collaborating with leading companies and participating in programs like AWS Startup Loft and NVIDIA Inception, ZeFi was featured in Slush 100 Europe and awarded Product of the Day on ProductHunt in 2023.
Vizcab Raises €9M for Expansion
French software company Vizcab, specializing in Life Cycle Assessment (LCA) calculations for the construction industry, secures an extra €4.5M in Series A funding. This boosts their total round to €9M and sets the stage for rapid international expansion, supporting the shift to net-zero construction.
Growdash Secures $1.8M in Seed Funding.
Growdash, a Dubai-based SaaS platform specializing in restaurant marketing and operations, has successfully completed a $1.8M seed funding round, led by Oryx Fund and Oraseya Capital. This significant milestone paves the way for exciting growth and innovation within the restaurant industry. The funds will be utilized to enhance Growdash’s product offerings, making it more robust and user-friendly for restaurant operators. Additionally, the investment will help accelerate the company’s market expansion efforts, reaching more clients globally. This achievement highlights investor confidence in Growdash’s vision and potential to transform restaurant management.
Also Read: SaaS Weekly Roundup #2 – SaaS Funding
