The previous week wasn’t as busy in the world of SaaS, but that doesn’t mean there weren’t enough happenings that don’t deserve your attention. So without further delay, let’s take a look at the news, acquisitions, funding announcements, and more that are worth your time.
News of the week
LegalZoom acquires Indian SaaS company Revv
LegalZoom, a legal technology company, acquired Revv, document automation and forms template startup. While the terms of the deal weren’t divulged, Revv’s proprietary technology will enhance LegalZoom’s forms library and legal templates.
Khatabook bets on lending, SaaS for revenue
Every SaaS platform will become a fintech business – and the latest example of the same is Khatabook, a mobile-friendly accounting software, doubling down on digital lending. The startup aims to become profitable in the next 18 to 20 months.
SaaS companies that got the funding this week
Shibumi raises $30million in growth funding
Portfolio management software Shibumi has announced a $30million Growth funding. Led by Guidepost Growth Equity, the investment will be deployed for global expansion, product development, and go-to-market initiatives.
SaaS startup Drivetrain AI raises $15million in Series A round
Financial planning and monitoring platform Drivetrain AI has closed a $15million investment. The Series A funding saw participation from Elevation Capital, Jungle Ventures, and Venture Highway along with 25 angel investors. The amount will be utilized towards product development and expanding its go-to-market team.
OutThink raises $10million in seed funding
Cybersecurity human risk management platform OutThink has nabbed $10million in Seed Funding. The round was led by AlbionVC and the money will go towards strengthening the leadership team, and gaining market traction.
HYCU secures new strategic investment from Okta Ventures
HYCU, a provider of multi-cloud data protection as a service, has raised strategic investment from Okta Ventures as part of Series B expansion. The startup received $53million in financing led by Acrew Capital.
Must reads
A quick guide to no code platforms
How SaaS has redefined cybersecurity
Figma CEO Dylan Field on why he sold to Adobe
Listen to
What it takes to forge your own category with Braze Co-Founder and CEO Bill Magnuson
Starting a company in a new category sounds exciting, but it’s easier said than done. Those who are able to do so however, have an inherent advantage. Braze, a customer engagement software, for example, was started in 2011 when smartphones were just beginning to become mainstream and mobile marketing was in the nascent stage. Fast forward to now, and Braze is a leader in its category with a $200million+ ARR. In this podcast, its Co-Founder and CEO Bill Magnuson shares lessons and insights for scaling the company.
Hint: building customer trust as an early-stage SaaS startup – With Zak Holdsworth
Vertical SaaS is here to stay, and Hint Health illustrates that well. Aimed at primary care, urgent care, and specialty practice clinics, it offers membership management, billing, and payment software. In this episode, its co-founder and CEO Zak Holdsworth shares about the journey of startup, and how he managed to find customers.
Watch
SaaS acquisition stories podcast w/ Harry Henien, serial entrepreneur
In this video, Microacquire’s Andrew Gazdecki talks to Harry Henien, a serial entrepreneur. They talk about finding opportunities, scaling businesses, and how to sell a SaaS business eventually.
