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
Solidroad Dublin secures $1.2M for SaaS
Solidroad is an AI-powered platform that helps businesses with hiring, onboarding, and training new employees. They have successfully raised $1.2 million in funding. This investment will help them improve and expand their services. With Solidroad, companies can streamline their HR processes. The goal is to make it easier and faster to bring new employees up to speed.
CreditLogic secures €3.5m for global growth
CreditLogic, a fintech company focused on the banking sector, has secured €3.5 million in growth funding. This investment aims to accelerate their expansion across Europe. CreditLogic provides innovative solutions to improve banking processes and customer experiences. With this new funding, they plan to enhance their services and reach more clients.
Forestay Capital launches $220M AI SaaS fund
Forestay Capital, a European venture capital firm, has raised $220 million to invest in startups. They are focusing on companies in the enterprise artificial intelligence and Software-as-a-Service (SaaS) sectors. This substantial fund aims to support the growth and development of innovative technologies within these fields. With this new capital, Forestay Capital plans to identify and back promising startups, helping them scale and succeed. Their goal is to drive advancements and foster innovation in AI and SaaS industries.
Rocketlane secures $24M Series-B funding
A week ago, Chennai-based SaaS startup Rocketlane announced its Series-B funding of $24 million in a unique way. Instead of a standard press release or social media post, they unveiled the news through a rap song and music video. This creative approach caught attention and highlighted their innovative spirit. The funding will help Rocketlane expand its operations and enhance its product offerings.
Tiger Global invests in Zenoti
Tiger Global Management, based in New York, has led a $50 million funding round for Zenoti, emphasizing confidence in its salon and spa SaaS offerings. This investment supports Zenoti’s strategy to expand its software solutions in the wellness sector. The partnership is expected to propel Zenoti’s growth, enabling it to innovate and reach a wider global clientele. Tiger Global’s backing underscores Zenoti’s potential and solidifies its position in the competitive SaaS landscape.
Kavaken secures €1M for renewables
England-based Kavaken specializes in SaaS solutions for renewable energy, securing $1.1 million in seed funding from Vestel Ventures, Rockstart, Norrsken Accelerator, Founderone, and 2040VC. This funding reflects strong investor belief in Kavaken’s technology to optimize renewable energy operations. The diverse investor lineup underscores broad support for Kavaken’s innovative contributions to sustainability. With this financial backing, Kavaken aims to expand its solutions and solidify its role in shaping the future of renewable energy technology.
Pepul secures $4M funding
Pepul Tech Pvt Ltd, a startup in social media, has secured $4 million in pre-series A funding to enhance its core products: Pepul, a B2C platform focusing on consumer engagement, and Workfast.ai, a B2B SaaS platform aimed at improving business efficiency. This funding highlights strong investor belief in Pepul Tech’s strategy and growth prospects across consumer and enterprise sectors. With this capital injection, Pepul Tech aims to accelerate product development, broaden its market presence, and drive innovation in the competitive landscapes of social media and SaaS technologies.
