Posts filtered by tags: SaaS[x]


 

Vendr raises huge $60M Series A as its SaaS-purchasing service scales

This morning Vendr announced a $60 million Series A round, a huge funding event led by Tiger Global, with participation from Y Combinator, Sound Ventures, Craft Ventures, F-Prime Capital, and Garage Capital. The outsized Series A comes after Vendr last raised $4 million in a mid-2020 seed round, with TechCrunch reporting that the company was profitable at the time. Vendr had raised just over $6 million total before this latest round. TechCrunch had a few questions. First, how the company had man...
Tags: Fundings & Exits, Startups, Y Combinator, Enterprise, Tech, SaaS, Tiger, Tiger Global, Neu, Vendr, Ryan Neu, Combinator Sound Ventures Craft Ventures


Investors still love software more than life

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday morning? Sign up here. Ready? Let’s talk money, startups and spicy IPO rumors. Despite some recent market volatility, the valuations that software companies have generally been able to command in recent quarters have been impressive. On Friday, we took a look into w...
Tags: Fundings & Exits, Startups, TC, MetroMile, Tech, SaaS, Bigcommerce, Nasdaq, Consumption, Shopify, Battery Ventures, SPAC, ARR, Matt Calkins, Hippo, Bixby


Understanding how investors value growth in 2021

We’re not digging into another IPO filing today. You can read all about AppLovin’s filing here, or ThredUp’s document here. This morning, instead, we’re talking about an old favorite: software valuations. The folks over at Battery Ventures have compiled a lengthy dive into the 2020 software market that’s worth our time — you can read along here; I’ll provide page numbers as we go — because it helps explain some software valuations. The Exchange explores startups, markets and money. Read it ever...
Tags: Fundings & Exits, Startups, TC, Cloud, Tech, Software, SaaS, Valuations, Battery Ventures, Neeraj Agrawal, The Exchange, Brandon Gleklen


The technology selloff is getting to be somewhat material

Tech stocks are getting hammered today, with previously high-flying shares of software companies taking even more damage. For a sector that has enjoyed a year in the sun, recent trading sessions have punctured a period of market adoration. It is too soon to say that the market is repricing tech stocks, but the selloff has reached the point of materiality and is therefore something we need to note. As we write, the tech-heavy Nasdaq Composite is off another 1.2% today after previous declines. The...
Tags: Fundings & Exits, Startups, TC, MetroMile, Tech, SaaS, Stocks, Snowflake, Bessemer, SPAC, Hippo, Insurtech, Root Insurance


Making sense of the $6.5B Okta-Auth0 deal

When Okta announced that it was acquiring Auth0 yesterday for $6.5 billion, the deal raised eyebrows. After all, it’s a substantial amount of money for one identity and access management (IAM) company to pay to buy another, similar entity. But the deal ultimately brings together two companies that come at identity from different sides of the market — and as such could be the beginning of a beautiful identity friendship. The deal ultimately brings together two companies that come at iden...
Tags: Security, TC, Enterprise, Okta, Tech, CIO, SaaS, Gartner, M&a, Mergers and Acquisitions, Todd Mckinnon, Kelly, Michael Kelly, Iam, McKinnon, Auth0


Inside Workvivo’s plans to take on Microsoft in the employee experience space

Maintaining company culture when the majority of staff is working remotely is a challenge for every organization — big and small. This was an issue, even before COVID. But it’s become an even bigger problem with so many employees working from home. Employers have to be careful that workers don’t feel disconnected and isolated from the rest of the company and that morale stays high. Enter Workvivo , a Cork, Ireland-based employee experience startup that is backed by Zoom founder E...
Tags: Startups, TC, Facebook, Europe, Microsoft, Labor, San Francisco, Tech, SaaS, Tiger Global, Tiger Global Management, Cork Ireland, Goulding, Jive, Personnel, Eric Yuan


As activist investors loom, what’s next for Box?

Box could be facing troubled times if a Reuters story from last week is accurate. Activist investor Starboard Value took a 7.9% stake in the storage company in September 2019, and a year ago took three board seats as its involvement in the cloud company deepened. It seemed only a matter of time before another shoe dropped. Activist investor Starboard Value is reportedly after three additional board seats. That thunk you just heard could be said shoe as Starboard is reportedly ...
Tags: TC, Cloud, Enterprise, Okta, Tech, SaaS, Box, Aaron Levie, Reuters, Starboard Value, Activist Investors, EC Cloud and Enterprise Infrastructure


Okta acquires cloud identity startup Auth0 for $6.5B

As Okta announced earnings today after the bell, it revealed that it’s buying cloud identity startup Auth0 for a hefty $6.5 billion. With Auth0, Okta gets a cloud identity company that helps developers embed identity management into applications, adding an entirely new dimension to its identity platform. “Today, we’re taking a significant step forward — I’d go so far to call it a “leap” — to enhance the Okta Identity Cloud. We announced our agreement to join forces with Auth0, a leading identity...
Tags: Security, TC, Cloud, Enterprise, Okta, Identity Management, Tech, Pace, SaaS, M&a, Mergers and Acquisitions, Todd Mckinnon, McKinnon, Auth0, Okta co, Eugenio Pace co


After 200% ARR growth in 2020, CourseKey raises $9M to digitize trade schools

When the COVID-19 pandemic hit and forced educational institutions to go virtual, many were scrambling to develop online or blended curriculums. That struggle was particularly challenging for trade schools, many of which were not designed to teach online and were mostly paper-driven.  CourseKey, a San Diego-based trade school management SaaS startup, was in a unique position. Demand surged and its ARR grew by 200% in 2020. And now, the company has raised $9 million in a Series B led by Si...
Tags: Fundings & Exits, Startups, Education, Iraq, Funding, Tech, Ceo, SaaS, San Diego, Qualcomm, Operating System, Distance Learning, Learning Management Systems, ARR, Altman, Hu


Six tips for SaaS founders who don’t want VC money

Aytekin Tank Contributor Share on Twitter Aytekin Tank is the founder of JotForm, an online form builder. Established in 2006, JotForm allows customizable data collection for enhanced lead generation, survey distribution, payment collections and more. Over the past decade, venture capital has become synonymous with entrepreneurship. Founders from around the world arrive in Silicon Valley with visions of record-setting A rounds...
Tags: Apple, Google, Startups, Column, New York, Entrepreneurship, Tech, SaaS, Venture Capital, Private Equity, Silicon Valley, Bootstrapping, JotForm, EC Column, EC How To, Twitter Craigslist Slack Instagram Trello


6 tips for SaaS founders who don’t want VC money

Aytekin Tank Contributor Share on Twitter Aytekin Tank is the founder of JotForm, an online form builder. Established in 2006, JotForm allows customizable data collection for enhanced lead generation, survey distribution, payment collections and more. Over the past decade, venture capital has become synonymous with entrepreneurship. Founders from around the world arrive in Silicon Valley with visions of record-setting A rounds...
Tags: Apple, Google, Startups, Column, New York, Entrepreneurship, Tech, SaaS, Venture Capital, Private Equity, Silicon Valley, Bootstrapping, JotForm, EC Column, EC How To, Twitter Craigslist Slack Instagram Trello


EC roundup: BNPL startups, growth marketing tips, solid state battery market map, more

When I needed a new sofa several months ago, I was pleased to find a buy now, pay later (BNPL) option during the checkout process. I had prepared myself to make a major financial outlay, but the service fees were well worth the convenience of deferring the entire payment. Coincidentally, I was siting on said sofa this morning and considering that transaction when Alex Wilhelm submitted a column that compared recent earnings for three BNPL providers: Afterpay, Affirm and Klarna. I asked him why h...
Tags: Startups, Transportation, Cloud, Enterprise, Microsoft, Labor, Finance, Linkedin, Tech, Amanda Milligan, Fractl, Diversity, Automotive, SaaS, Venture Capital, Private Equity


Salesforce delivers, Wall Street doubts as stock falls 6.3% post-earnings

Wall Street investors can be fickle beasts. Take Salesforce as an example. The CRM giant announced a $5.82 billion quarter when it reported earnings yesterday. Revenue was up 20% year over year. The company also reported $21.25 billion in total revenue for the just closed FY2021, up 24% YoY. If that wasn’t enough, it raised its FY2022 guidance (its upcoming fiscal year) to over $25 billion. What’s not to like? You want higher quarterly revenue, Salesforce gave you higher revenue. You want high g...
Tags: Google, Cloud, Enterprise, Tech, Credit Suisse, SaaS, Earnings, Salesforce, Canaccord Genuity, Patterson, Stock Price, CRM, Marc Benioff, Hynes, Brad Zelnick, Gavin Patterson Salesforce


In freemium marketing, product analytics are the difference between conversion and confusion

Jeremy Levy Contributor Share on Twitter Jeremy Levy is CEO and co-founder of Indicative, a product analytics platform for product managers, marketers and data analysts. A serial entrepreneur, Jeremy co-founded Xtify, acquired by IBM in 2013, and MeetMoi, a location-based dating service sold to Match.com in 2014. More posts by this contributor Enterprises Don’t Have Big Data, They Just Have Bad Data ...
Tags: Startups, TC, Column, Tech, Customer Experience, Ppc, SaaS, Ibm, Jeremy, Product Management, Digital Marketing, EC Enterprise Applications, EC How To, Jeremy Levy, Xtify


Brandwatch is acquired by Cision for $450M, creating a PR, marketing and social listening giant

Online consumer intelligence and social media listening platform Brandwatch has been acquired by Cision, best known for its media monitoring and media contact database services, for $450 million, in a combined cash and shares deal. TechCrunch understands Brandwatch’s key executive team will be staying on. The move combines two large players to offer a broad range of services from PR to marketing and online customer engagement. The deal is expected to close in the second quarter of 2021. Cision h...
Tags: TC, Europe, Business, England, London, Marketing, Social Media, Communication, Tech, Content Marketing, Ceo, Artificial Intelligence, SaaS, Brighton, Machine Learning, Leader


DataJoy raises $6M seed to help SaaS companies track key business metrics

Every business needs to track fundamental financial information, but the data typically lives in a variety of silos making it a constant challenge to understand a company’s overall financial health. DataJoy, an early stage startup, wants to solve that issue. The company announced a $6 million seed round today led by Foundation Capital with help from Quarry VC, Partech Partners, IGSB, Bow Capital and SVB. Like many startup founders, CEO Jon Lee has experienced the frustration first hand of trying...
Tags: Startups, TC, Enterprise, Funding, Tech, Data, SaaS, Machine Learning, Vancouver, Foundation Capital, Marketo, Netsuite, Lee, San Mateo, Partech, Garg


How to overcome the challenges of switching to usage-based pricing

Kyle Poyar Contributor Share on Twitter Kyle Poyar is VP of Growth at OpenView. More posts by this contributor Subscription-based pricing is dead: Smart SaaS companies are shifting to usage-based models The usage-based pricing model almost feels like a cheat code — it enables SaaS companies to more efficiently acquire new customers, grow with those customers as they’re successful and keep those custom...
Tags: Cloud, Column, Tech, SaaS, Aws, Stripe, Snowflake, Twilio, HubSpot, Software As A Service, Datadog, EC Column, EC Cloud and Enterprise Infrastructure, EC How To, Kyle Poyar, Data analytics company Snowflake


Kleeen raises $3.8M to make front-end design for business applications easy

Building a front-end for business applications is often a matter of reinventing the wheel, but because every business’ needs are slightly different, it’s also hard to automate. Kleeen is the latest startup to attempt this, with a focus on building the user interface and experience for today’s data-centric applications. The service, which was founded by a team that previously ran a UI/UX studio in the Bay Area, uses a wizard-like interface to build the routine elements of the app and frees a comp...
Tags: TC, Enterprise, Developer, Tech, Software, President, SaaS, App-store, Business Intelligence, Switch, Operating Systems, Mobile App, Bay Area, NeoTribe Ventures, Co-founder, Matt Fox


Electric raises $40M Series C to put small-business IT in the cloud

It would be an understatement to say that enterprise-focused startups have fared well during the pandemic. As organizations look to go remote, and the way we work has been flipped on its head, quickly-growing tech companies that simplify this transition are in high demand. One such startup has, in fact, raised $61.5 million in the last 12 months alone. Electric, a company looking to put IT departments in the cloud, just announced the close of a $40 million Series C round. This comes after an ext...
Tags: Startups, TC, New York, Enterprise, Funding, SaaS, Electric, Greenspring Associates, Denehy, Ryan Denehy, Electric.ai, Sinu, Slack Fund Electric, Latinx Denehy


Katana raises $11M Series A to be the SaaS powering ‘manufacturing entrepreneurs’

Katana, an Estonian startup that has built manufacturing-specific enterprise resource planning (ERP) software for SMBs, has raised $11 million in Series A funding. Leading the round is European venture capital firm Atomico, with participation from angel investors Ott Kaukver (Checkout.com CTO), Sten Tamkivi (CPO Topia, formerly Skype), Sergei Anikin (CTO, Pipedrive) and Kairi Pauskar (former TransferWise HR Architect). Previous backer 42Cap also followed on, bringing the total investment raised ...
Tags: Fundings & Exits, Startups, TC, Europe, London, San Francisco, Tech, ERP, SaaS, Shopify, Atomico, Katana, Ben Blume, Recent Funding, CTO Sten Tamkivi CPO Topia, Skype Sergei Anikin CTO Pipedrive


Eat this, exercise now; new personalized software predicts and helps prevents blood sugar spikes

Not everyone has Type 2 diabetes, the disease that causes chronically high blood sugar levels, but many do. Around 9% of Americans are afflicted, and another 30% are at risk of developing it. Enter software by January AI, a four-year-old, subscription-based startup that in November began providing personalized nutritional and activity-related suggestions to its customers based on a combination of food-related data the company has quietly amassed over three years, and each person’s unique profile...
Tags: Health, TC, Stanford, Tech, SaaS, Venture Capital, Marissa Mayer, Jerry Yang, Felicis Ventures, Marc Benioff, Ame Cloud Ventures, Mike, Hashemi, Michael Snyder, SignalFire, Steve Chen


Eat this, exercise now; new personalized software predicts and helps prevent blood sugar spikes

Not everyone has Type 2 diabetes, the disease that causes chronically high blood sugar levels, but many do. Around 9% of Americans are afflicted, and another 30% are at risk of developing it. Enter software by January AI, a four-year-old, subscription-based startup that in November began providing personalized nutritional and activity-related suggestions to its customers based on a combination of food-related data the company has quietly amassed over three years, and each person’s unique profile...
Tags: Health, TC, Stanford, Tech, SaaS, Venture Capital, Marissa Mayer, Jerry Yang, Felicis Ventures, Marc Benioff, Ame Cloud Ventures, Mike, Snyder, Hashemi, Michael Snyder, SignalFire


China’s Black Lake raises $77M to give factories a digital upgrade

Zhou Yuxiang doesn’t have the typical profile for working in China’s manufacturing world. A soft-spoken yet incisive person in his early thirties, Zhou graduated from Dartmouth College with a degree in government and went on to work in investment banking in Hong Kong, following the path of many Chinese overseas returnees. But a few years into his career, Zhou realized he wanted to build his own business. This was around 2015, a time when China was consumed by a startup craze amid Premier Li Keqi...
Tags: Startups, TC, Asia, Hong Kong, Europe, China, Germany, Southeast Asia, Singapore, Funding, SaaS, Li Keqiang, Manufacturing, Siemens, Sap, Temasek


Extra Crunch roundup: Optimized SaaS pricing, recruiting growth experts, VC surveys, more

Since the pandemic began, have you been walking more, or do you know someone who bought a new car? Perhaps you ran your first errand on a rented e-bike or scooter? Over the last year, I’ve experimented with different mobility options to see which ones best suit my needs, as have most people I know. It can be challenging to maintain a recommended physical distance on a bus or subway. (After a decade-plus hiatus, I even briefly considered rejoining the ranks of automobile owners!) Full Extra Crun...
Tags: Startups, TC, Transportation, Labor, Finance, San Francisco, Tech, Getty Images, SaaS, Venture Capital, Rover, Alex, Robinhood, Coinbase, Gamestop, Felicis Ventures


SailPoint is buying Saas management startup Intello

SailPoint, an identity management company that went public in 2017, announced it was going to be acquiring Intello today, an early stage SaaS management startup. The two companies did not share the purchase price. SailPoint believes that by helping its customers locate all of the SaaS tools being used inside a company, it can help IT make the company safer. Part of the problem is that it’s so easy for employees to deploy SaaS tools without IT’s knowledge, and Intello gives them more visibility a...
Tags: Security, Fundings & Exits, Startups, TC, Cloud, Enterprise, Okta, Identity Management, Tech, SaaS, M&a, Mergers and Acquisitions, Exit, Torii, SailPoint, Intello


Why do SaaS companies with usage-based pricing grow faster?

Kyle Poyar Contributor Share on Twitter Kyle Poyar is VP of Growth at OpenView. More posts by this contributor Subscription-based pricing is dead: Smart SaaS companies are shifting to usage-based models Today we know of HubSpot — the maker of marketing, sales and service software products — as a preeminent public company with a market cap above $17 billion. But HubSpot wasn’t always on the IPO traject...
Tags: Google, Startups, TC, Cloud, Column, Enterprise, Ipo, Tech, SaaS, Pricing, HubSpot, EC Enterprise Applications, EC Column, EC Cloud and Enterprise Infrastructure, EC How To, Usage Based Billing


Torii announces $10M Series A to automate SaaS management

Today, that software is offered as a cloud service should be pretty much considered a given. Certainly any modern tooling is going to be SaaS, and as companies and employees add services, it becomes a management nightmare. Enter Torii, an early stage startup that wants to make it easier to manage SaaS bloat. Today, the company announced a $10 million Series A investment led by Wing Venture Capital with participation from prior investors Entree Capital, Global Founders Capital, Scopus Ventures an...
Tags: Startups, TC, Cloud, Enterprise, Funding, Tech, SaaS, Palo Alto Networks, Torii, Wing Venture Capital, Uri, Jake Flomenberg, Recent Funding, SaaS management tools, Uri Haramati, Haramati


Proptech startup Knock secures $20M to grow SaaS platform for property managers

In recent years, the U.S. has seen more renters than at any point since at least 1965, according to a Pew Research Center analysis of Census Bureau housing data .   Competition for renters is fierce and property managers are turning to technology to get a leg up. To meet that demand, Seattle-based Knock – one startup that has developed tools to give property management companies a competitive edge – has raised $20 million in a growth funding round led by Fifth Wall Ventures. Exist...
Tags: Startups, TC, Real Estate, Funding, Sms, Canada, United States, SaaS, Seattle, Pew Research Center, CRM, Madrona Venture Group, Customer Relationship Management, Census Bureau, Petry, Property Management


Boldstart Ventures gets bigger thanks to Kustomer and other early bets on technical founders

Boldstart Ventures, a New York-based firm that started with a $1.5 million proof-of-concept fund in 2011, has just closed on $155 million in capital commitments for its fifth flagship fund and $75 million for its second opportunity fund, a vehicle meant to support breakout startups in its portfolio. Given Boldstart’s focus — and its track record to date — it’s only surprising that the young firm didn’t raise more in the current market. From the outset, Boldstart has focused on technical founders...
Tags: TC, Facebook, Europe, New York, Tech, SIM, Canada, SaaS, Venture Capital, BoldStart Ventures, Kustomer, Ed Sim, Boldstart


Accord launches B2B sales platform with $6M seed

The founders of Accord, an early stage startup focused on bringing order to B2B sales, are not your typical engineer founders. Instead, the two brothers, Ross and Ryan Rich, worked as sales reps seeing the problems unique to this kind of sale first-hand. In November 2019, they decided to leave the comfort of their high-paying jobs at Google and Stripe to launch Accord and build what they believe is a missing platform for B2B sales, one that takes into account the needs of both the sales person a...
Tags: Google, Startups, TC, Y Combinator, Enterprise, Funding, Tech, SaaS, Stripe, Ross, Rich, Accord, B2B sales, Sales Tools, Recent Funding, Ryan Rich