The firm will use the funding proceeds to expand into newer global markets, and to grow its research, marketing, and sales teams in the US and India. The post Eight Roads leads $12.5m funding in Indian SaaS platform Whatfix appeared first on DealStreetAsia.
Moka, a Chinese Software as a Service (SaaS) start-up focusing on helping enterprises optimize the recruiting management, has raised a RMB180 million (US$26.85 million) series B financing round led by Asia-based investment management firm Hillhouse Capital Group, according to a statement released on one of the investors' WeChat official account. Chinese venture capital fund Xiang [...] Hillhouse Capital Leads $27M Series B Round In Chinese SaaS Start-Up Moka comes originally from China Money Network. All Rights Reserved.
San Antonio--Active Capital, a San Antonio, TX-based venture firm that invests in seed-stage software-as-a-service startups, has raised $21.5 million for its first investment fund. Active Capital has been investing for the last 18 months as it raised money from limited partners in mostly San Antonio, Austin, and Virginia. While Active's investments cover a wide range [...]
NEW YORK, December 17, 2018-- Avanan, an enterprise security provider for SaaS-based email and collaboration platforms, announced today that it has raised $25 million in Series B funding from existing investors StageOne Ventures, Magma Venture Partners and Greenfield Partners (a TPG Growth investment platform). Avanan's customer base has increased 10-fold in the last 12 months, protecting over 1M end-user accounts in organizations across all industries, from startups to Fortune 100. Avanan plans to use the new funding to further accelerate its growth.
Leanix, The Saas That Lets Enterprises Map Out Their Software Architecture, Closes $30M Series C - Techcrunch
LeanIX, the Software-as-a-Service for 'Enterprise Architecture Management', has closed $30 million in Series C funding. The round is led by Insight Venture Partners, with participation from previous investors Deutsche Telekom Capital Partners (DTCP), Capnamic Ventures, and Iris Capital. It brings LeanIX's total funding to nearly $40 million since the German company was founded in 2012. Operating in the Enterprise Architecture space, previously the domain of a company's IT team only, LeanIX's SaaS might well be described as a "Google Maps for IT architectures".
Facilio, a company which makes facility management software, has raised $6.4 million (around Rs 45 crore at current exchange rates) in a Series A round of funding led by US-based investment firm Tiger Global. The Atlanta and Chennai-based company said in a statement that existing investor Accel had also participated in the round. Facilio said the fresh capital will help the company further consolidate and strengthen its presence across the Middle East, US, and Indian markets, as well as expand into new territories.
Infosys co-founder Kris Gopalakrishnan, and Ranjan Pai, chairman, Manipal Education and Medical Group, also participated in the funding round. The post Saas startup Verloop raises $3m from IDFC Parampara Fund, others appeared first on DealStreetAsia.
Fluidly, the London-based fintech that offers an "intelligent" cashflow management SaaS for SMEs, has raised PS5 million in Series A funding. The round is led by New-York based Nyca Partners, with participation from other investors including Octopus Ventures, Anthemis, and angel investors Simon Murdoch, and Charlie Songhurst. Claiming to define a new software category, namely [...]
GrexIT Inc, which operates a software-as-a-service (SaaS) platform called Hiver, has raised $4 million (around Rs 29.5 crore at current exchange rates) in a fresh round of funding led by venture capital firms Kalaari Capital and Kae Capital. In a statement, the Bengaluru- and San Jose, US-based company said it plans to invest in product development. It also intends to use the fresh capital to expand globally. Founded in 2011 by Niraj Ranjan Rout and Nitesh Nandy, Hiver is a Gmail-based email collaboration platform used by businesses to manage emails sent to shared inboxes such as support@, sales@, finance@.
The Software as a Service (SaaS) industry in Chennai, the SaaS hub of the country, is currently generating a revenue of over a Billion Dollar employing over 10,000 employees. The sector has raised over $500 million so far, while many are relying more on revenue for future growth, according to an industry official.There are over 20 companies in the SaaS companies in Chennai and they are growing business across the world.