SaaS
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Algolia raises $53 million for its search engine API
French startup Algolia just raised a $53 million Series B round led by Accel, a couple of years after raising $18.3 million with… Accel also leading the round. So it looks like it’s a love story between the VC firm and the software-as-a-service startup. Read More
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Swingvy raises $1.1M to give HR staff in Southeast Asia a break from paperwork
Human resources paperwork is never fun to take care of—especially if it’s literally on paper. Swingvy co-founder Jin Choeh says that in Southeast Asia, many small businesses are still stuck with physical spreadsheets and piles of forms. Swingvy wants to help them with affordable cloud-based software. The South Korea and Malaysia-based startup just raised $1.1 million in seed funding… Read More
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Qwilr, which turns boring business documents into attractive websites, raises $1.5M
Qwilr, an Australian startup that helps companies turn boring PDFs and other static sales documents into attractive websites, has grabbed $1.5 million to develop its product and expand its global reach. Sydney-based Qwilr raised $500,000 from Sydney Seed Fund and Macdoch Ventures in 2015, but its new financing is provided by Germany’s Point Nine, a VC firm that specializes in… Read More
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Bizzabo gets $6.5M Series A to make organizing events easier
Bizzabo, a startup that wants to simplify the process of marketing events, has raised a Series A round of $6.5 million. Read More
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New Clerky tools help startups hire and raise funds without running into legal problems
Clerky may not be a household name like TurboTax today, but the company’s business formation software has been called a “secret weapon” by startup founders in Silicon Valley for years. Many Y Combinator co-founders use it to get their companies started on paper. And now, Clerky is launching two new tools called Hiring and Fundraising to help startups move beyond incorporation. Read More
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Okta IPO filing marks public market tipping point for SaaS Vendors
When Okta, the unicorn cloud identity management company, filed its S-1 IPO paperwork yesterday, it was the latest pure-cloud subscription-based company to go public. Wall Street could finally be ready to accept that model and the long path to profitability that tends to be part and parcel of this approach. Read More
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Hull aggregates customer data from all your marketing services
Chances are you’re generating a lot of data about your customers, but it’s a mess to get a good overview of their profiles. Hull wants to be the central hub for all of your customer data so that you can better target them. The startup just raised $2.6 million from Alven Capital and Point Nine Capital, with Newfund Capital, Kima Ventures, Solomon Hykes, Thibaud Elziere, Matthieu… Read More
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After rejecting Google, Namely raises $50M to take on the biggies in HR
One of the big HR startup stories of the last year has been the trials and tribulations of Zenefits, but news coming out today from another company in the space shows that there is still a lot of opportunity in the industry with the right approach. Namely, a New York-based SaaS HR firm that focuses on mid-sized (100 to 1,000 employees) companies offering an all-in-one human resources… Read More
Latest Crunch Report
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BetterCloud completes pivot from G Suite to general SaaS management
BetterCloud, the 5-year old startup that launched originally as a way to manage G Suite (nee, Google Docs), has been in the midst of a transformation — rebuilding its entire product from the ground up with the goal of making it a generalized SaaS management dashboard. Today, it unveiled the new platform. The company completely redesigned the service, according to CEO David Politis… Read More
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Salesforce serves as training ground for SaaS startup execs
When startups go looking for executive talent, they want someone with some experience working for a successful organization. When it comes to the cloud, there is a dearth of expertise — with one notable exception — Salesforce. Perhaps, that’s why Salesforce, by far the most successful pure SaaS company ever, has become a pipeline for executive talent. The company launched… Read More
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Classy raises $30 million to help nonprofits raise donations, make a greater impact
A San Diego startup called Classy has raised $30 million for software-as-a-service that helps nonprofits raise donations online, and keep supporters engaged in a good cause for the long run. Specifically, Classy helps 501c3 or other nonprofit organizations to run crowdfunding, online and mobile campaigns, awareness and fundraising events all under one roof. This makes it possible for nonprofits… Read More
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Crunch Network
To be a top quartile SaaS grower, you need to focus on gross churn
SaaS entrepreneurs are bombarded with blog posts with an array of metrics and variables on which they need to focus in order to build their companies. There are so many metrics that are touted: gross churn, net churn, logo churn, renewal rates, NPS score, etc. To better understand which customer success metrics most impact growth, we examined a subset of pre-IPO SaaS companies. Read More
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Productboard raises $1.3 million to help product teams prioritize what to build next
Productboard, the makers of a product management system that helps to organize user research and prioritize development tasks, has raised $1.3 million in seed funding to further its business. The round was co-led by Index Ventures and Credo Ventures, and included participation from Spread Capital. The service only officially launched last month at TechCrunch Disrupt SF 2016, following its… Read More
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Crunch Network
Determining the worth of your SaaS company
The opaque, confusing and highly volatile practice of valuing a private SaaS business is frustrating for entrepreneurs and investors alike. Furthermore, the lack of transparency adds a tremendous amount of friction to a capital raise or the sale of a company. The reality is, it’s not all that hard to get a quick read on your SaaS company’s valuation. Read More
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Check I’m Here raises a million dollars for its student engagement platform
Check I’m Here, a platform that helps colleges and universities track student engagement with campus activities, has raised a million dollars in a Series A round of funding to continue to grow its service. Now live at more than 80 institutions and reaching 400,000 students across 30 states and three countries, Check I’m Here’s advantage is that it’s not just… Read More
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Crunch Network
Are drones actually a sector or just another layer in the enterprise SaaS stack?
The past few years have been exciting for drones; they’ve gained the attention of consumers, enterprises and governments. Their ability to shoot photography and capture data, and potentially violate privacy, has led to many opinions, regulations and oversight. As a result, we are increasingly asking ourselves if drones are actually a “sector” or are yet another layer in… Read More
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Task management app Asana takes on the spreadsheet with ‘custom fields’
Asana — the enterprise SaaS business started by Facebook co-founder Dustin Moskovitz and early Facebook employee Justin Rosenstein — has made a name for itself as a workflow and task management app that aims to help teams be more productive by making it much easier to figure out what needs to get done. But today, the company is taking the wraps off a new service that will… Read More
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Salesforce CEO Marc Benioff announces new chief equality officer
Salesforce has taken a leading role on LGBT issues and now it is taking that one step further. The company next week will be announcing its first chief equality officer, who will report directly to CEO Marc Benioff. Benioff speaking on stage at TechCrunch Disrupt San Francisco with editor-in-chief Matthew Panzarino talked about his commitment to helping improve the world. While he has… Read More
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Sourcery raised $5 million to help restaurants and food vendors deal with each other, and not lost receipts or invoices
Sourcery Technologies Inc. has raised $5 million in venture funding for software that helps restaurateurs and corporate kitchens order from vendors, keep track of their inventory and costs, and figure out the appropriate prices for different ingredients. Marker LLC led Sourcery’s new round joined by Steadfast Venture Capital and the company’s earlier backers including Palantir… Read More
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