With coronavirus outbreak, it’s clear that more and more companies will move to remote work setup. That’s why we curated a list of best SaaS software for remote teams. What’s also interesting is that the world of SaaS continues to be abuzz with news, acquisitions and more. So as the week comes to an end, it’s time to take a look at everything that deserves your attention.
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News of the week
Podium, which has been ranked as one of the fastest-growing SaaS companies by Crunchbase, has added payment technology to its platform. The company offers messaging tools for small businesses, and now will allow the latter’s customers to pay directly for products / services.
When it comes to subscription analytics, ChartMogul has made a name for itself. And now it’s aiming to take it to the next level with its Subscription Data Platform by integrating with different billing systems, payment processors, etc. to bring all the data at one place and then provide actionable insights.
Japan-based Nulab offers online collaboration tools such as project management software, chat app, and more to companies of all sizes. It boasts that more than 4million people across the globe use its tools. To fund its next phase of growth and launch a new security product (dubbed Nulab Pass), it has raised $5million funding from Now, XTech Ventures and Shinsei Corporate Investment Limited.
Airbase, a company offering spend management platform to other businesses, has raised $23.5million in its Series A extension from pedigreed VCs such as Bain Capital Ventures. It has raised approximately $31million till now, and has been growing rapidly since its last funding in April 2019. Airbase provides corporate cards to businesses to manage spending in a better manner.
Veed.io is a SaaS video-editing service that’s being used by the likes of Facebook, Booking.com and more. Yet, the company didn’t have it easy as its founder Sabba Keynejad shares in this podcast. In this conversation, he mentions how he and his co-founder managed to get things right, and what the future holds for the tool.
Valuation is a tricky subject, whether a company is raising money or getting acquired by another company. In this podcast, OpenView’s Sean Fanning, Director of Corporate Development shares his insights on how to arrive at that number. He also talks about six metrics that a company should be aware of, such as how fast it’s growing, revenue growth, and so on.
Related read: Top metrics for SaaS companies
Just like this newsletter crunches all the happenings in one place, this SaaStr podcast distills interesting insights from its guests in one episode. Listen to people from pedigreed companies like Salesforce, Box, Gusto, Dropbox and more about scaling SaaS businesses.
How to build a SaaS business that outlives you – Patrick Campbell
This video is certainly not limited to the SaaS world, as ProfitWell’s founder and CEO Patrick Campbell share his own journey along with challenges and frustrations of creating a SaaS company. He reflects on how they were able to stand out from the competition to create a $10million ARR business. Towards the end, he also shares some controversial insights based on a survey he ran.
Sales as a science with Jacco vanderKooij, Winning by Design
Winning by Design’s founder Jacco vanderKooij shares (in a rather fun way) how sales and marketing activities could be aligned for SaaS businesses. He talks about how processes are really important, and drives home the point that SaaS should stand for “sales as a science” and not software-as-a-service.