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
Black Semiconductor Raises $275M
Black Semiconductor, a new chip startup, made headlines recently. Last week, it raised nearly $275 million. Most of this funding came from the German government. The funds will support the development of their next-gen chip technology. This significant investment highlights the company’s potential. It also underscores the government’s support for innovative tech.
GVFL to Raise ₹100cr
Venture capital firm GVFL has raised Rs 100 crore for its new Seed Stage fund, Prarambh Fund, to support 25-30 startups in the next year. This fund will focus on tech startups in B2B SaaS, healthtech, agritech, climate-tech, and deeptech, with individual investments of Rs 1 crore to Rs 3 crore. The goal is to raise a total of Rs 200 crore. “Prarambh Fund will provide continuous funding from seed to growth stages, helping early-stage startups thrive,” said Kamal Bansal, MD of GVFL.
Peak3 Secures $35M
InsurTech provider Peak3, previously known as ZA Tech, has raised $35 million in Series A funding. The round was led by EQT, a major investment firm. Alpha JWC Ventures also participated in this funding round. This investment will help Peak3 expand its services. The funding highlights the confidence investors have in Peak3’s potential. It also marks a significant milestone for the company.
Warburg Pincus Funds Whatfix
Private equity firm Warburg Pincus is set to lead a $100-150 million funding round in Whatfix, a SaaS firm backed by SoftBank. This investment highlights the interest in Whatfix’s SaaS solutions and Warburg Pincus’s confidence in its growth. The funding will support Whatfix’s expansion and development efforts.
NationA secures KRW 2B in pre-Series A funding
South Korea’s NationA, a new AI company, has secured KRW 2 billion in pre-Series A funding, which is a big step forward for them. Investors like Mirae Holdings, Hana Securities, Magna Investment, and Infobank are supporting NationA. This shows that these investors believe in NationA’s ideas and technology. With this money, NationA can speed up its work on advanced AI. This success not only shows how strong NationA’s business is but also means good things for AI in South Korea.
Finbourne Tech raises $55m
London’s Finbourne Technology, a firm that manages investment data, has raised a big £55 million in Series B funding. This round was led by Highland Europe and AVP, following a successful Series A round of £15 million in 2021. The investment shows that Highland Europe and AVP believe in Finbourne’s abilities and future growth. With this new funding, Finbourne can expand globally and improve its services even more. This funding marks an exciting new phase for Finbourne, confirming its status as a top player in its field.
Prosperr.io raises $1.55M
Prosperr.io, an AI-powered fintech SaaS platform focused on automating income tax solutions, has raised $1.55 million in a pre-seed funding round.The funding round was led by Gokul Rajaram, a board member at Pinterest and Coinbase, alongside other notable angel investors. The startup aims to use the capital raised to advance its technological capabilities and expand its market presence.
