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
Haloo raises $3.5M to grow SaaS model.
Toronto-based legaltech startup Haloo has secured $4.7 million CAD (3.5 million USD) in funding to improve its trademark search solution. This early Series A round was all equity and all primary, meaning the funds will go directly to the company for growth. The round was led by Innospark Ventures, a Boston-based venture capital firm that focuses on AI investments. This infusion of capital will help Haloo enhance its offerings and expand its market reach.
Rocketlane raises $24M for B2B SaaS growth.
Rocketlane, a top B2B SaaS provider, has raised $24 million in its Series B funding round. This round was led by a group of investors who support Rocketlane’s mission. Their goal is to transform customer success platforms and drive digital change for businesses around the world. The new funding will help Rocketlane expand its services and reach more clients globally. This strong investor backing highlights the confidence in Rocketlane’s innovative solutions and growth potential.
Magnus Carlsen’s chess startup raises $3M pre-seed funding.
Fantasy Chess, an interactive platform from Oslo founded by 17-time World Chess Champion Magnus Carlsen, has raised $3 million in pre-seed funding. Leading the round were SNÖ Ventures and Coatue, with extra backing from Breakthrough Initiatives and Thiel Capital. This funding will help Fantasy Chess expand its reach and enhance its platform. Carlsen’s involvement adds a unique touch, promising an engaging experience for chess enthusiasts. The strong support from renowned investors reflects the platform’s potential.
Rainforest secures $20M for SaaS payments.
Rainforest, a startup specializing in embedding payment processing into software platforms, has secured $20 million in Series A funding. This round comes shortly after their seed financing announcement last year, reflecting strong investor confidence. The funding will fuel Rainforest’s growth and development efforts as it expands its embedded payments solution. This rapid funding progression underscores Rainforest’s potential in the competitive fintech landscape. The support from Series A investors highlights the market demand for streamlined payment solutions within software platforms.
Cooby secures $1.75M for product and European expansion.
Cooby, a Taiwan-based platform specializing in WhatsApp sales, has successfully concluded its latest seed funding round, securing $1.75 million. This brings their total investment to $4.75 million, fueling Cooby’s mission to innovate customer engagement in sales. The funding milestone underscores investor confidence in Cooby’s growth potential and technological advancement. This capital infusion will empower Cooby to expand its reach and enhance its platform’s capabilities. Cooby aims to revolutionize how sales teams engage with customers, positioning itself as a leader in customer engagement solutions.
Viio raises €3.3M for software licenses.
Viio, a spend management platform, has secured more than €3.3 million in funding. The platform specializes in analyzing software provider data, license models, and usage metrics to optimize spending. Viio facilitates tracking of payments and subscription timelines for potential cancellations or reductions. Additionally, it provides consultancy services to negotiate better pricing and optimize license selections. This funding will enable Viio to enhance its services and expand its capabilities in software license management.
Doceree secures $13.6M from Creaegis.
Healthcare startup Doceree has secured Rs 113.5 crore (about $13.6 million) in its Series B funding round from Indian private equity firm Creaegis. This funding round will enable Doceree to enhance its healthcare marketing platform and expand its market presence. The investment reflects Creaegis’ confidence in Doceree’s growth potential and innovative approach to healthcare advertising. Doceree aims to strengthen its technology and scale its operations to better serve healthcare professionals and advertisers globally.
Creatio bucks SaaS slump with $200M.
Creatio, a startup specializing in no-code software development, has secured $200 million in new funding. This investment values Creatio at $1.2 billion, highlighting its resilience amidst a broader slowdown in the SaaS industry. The funding will support Creatio’s expansion efforts and further development of its no-code platform. This achievement underscores investor confidence in Creatio’s innovative approach and growth potential in the software development sector.
Deskpro secures €23.4M for customer support.
London-based Deskpro, a provider of helpdesk software solutions, has announced a $25 million (approximately €23.4 million) Series A funding round led by Elsewhere Partners. This funding will support Deskpro’s expansion plans and further development of its helpdesk software offerings. The investment from Elsewhere Partners underscores confidence in Deskpro’s capabilities and market potential. Deskpro aims to enhance customer support solutions for businesses globally, positioning itself as a leader in the helpdesk software industry.
Payabli raises $20M for product security.
Payabli, a payment infrastructure solution firm, has raised $20 million in a Series A round. The Software-as-a-Service (SaaS) company intends to utilize the funding to enhance product development and bolster security and scalability, as stated in a news release on Tuesday (June 25). This investment underscores Payabli’s commitment to advancing its technology and ensuring robust service offerings for its clients.
Daytona gets $5M for SaaS customization.
Daytona, a Croatian-founded platform specializing in managing open-source development environments, has secured $5 million in seed funding. Upfront Ventures led the round, joined by existing investor 500 Emerging Europe. This injection of funding will speed up Daytona’s initiatives to broaden simplified development environments for developers. The company plans to allocate the funds towards product development and scaling its team across marketing, sales, and engineering roles, aiming to bolster its market presence and enhance service offerings.
Inventive debuts, secures $6.5M seed.
Inventive, a San Francisco-based startup specializing in embedded AI for SaaS products, has officially launched and closed a $6.5 million seed funding round. Wing VC led the funding round, with participation from Tokyo Black and a group of angel investors, including former Google and Meta executives. The funding will support Inventive in enhancing its platform to enable product teams to efficiently integrate AI-powered experiences into their customer-facing software products.This strategic investment highlights confidence in Inventive’s technology and its capacity to drive innovation within the SaaS industry.
