Home/ Blog/ SaaS Weekly Roundup/SaaS weekly roundup #10: Sequoia walks away after funding Finix, SpotOn raises $50million and more

SaaS weekly roundup #10: Sequoia walks away after funding Finix, SpotOn raises $50million and more

Here's everything that you need to know about the happening in the world of SaaS in the past week

While Coronavirus concerns were real, it now seems that it'll affect a lot of things. Stock markets across the world for instance, have taken a sharp dip, and so has the SaaS stocks. Only time will tell how things play out, but we're here to bring you everything that happened in the world of SaaS in the past week. So without any further delay, let's begin.

News of the week

SaaStr postpones annual conference as county officials discourage large gatherings

SaaStr – one of the biggest SaaS conferences which was supposed to take place between March 10th and 12th – was canceled. As you could guess, it was due to Coronavirus scare, which has already led to cancellations of several conferences across the world (including SXSW).

Sequoia is giving away $21 million to a payments startup it recently funded as it walks away from deal

Just weeks after featuring it in our newsletter that Sequoia invested $21million in a SaaS payment startup Finix, it's backing out from the deal. That's because, the fund believes that it could be in conflict of interest since it's also a lead investor in Stripe. What's strange however, is the fact that Sequoia isn't asking for its money back, which is certainly a gesture of goodwill.

Scoop: Google's G Suite cracks 2 billion users

Google's G Suite, which comprises services like Gmail, Hangouts, Drive, and more, has recently crossed an impressive milestone of 2billion users. The info comes courtesy Google's Javier Soltero, who says that there's a lot to be done when it comes to features to be added.

Investment quotient

Goodlord, the proptech startup that offers a SaaS for rentals, has raised £10M in Series B funding

London-based Goodlord has raised a Series B funding to grow and expand its team. The company offers software to property agents, landlords and tenants to help them manage contracts, rentals, and more.

Sales automation startup Novocall bags $500k in 500 Startups-led round

Novocall is a sales automation startup that helps companies with their sales and marketing processes by offering features such as capturing leads, personalizing them and then connecting with them. Based out of Singapore, the company has raised $500k from 500 Durians, the SEA-focused fund from 500 Startups. 

Ecommerce chatbot startup Omnichat raises $800k in AppWorks-led round

With chatbots becoming more than a buzzword, it's only a matter of time before they become mainstream. Omnichat is betting on that to happen as it has raised $800k for its e-commerce messaging platform. Along with offering the functionality for websites, Omnichat integrates with various messaging services such as Line and WhatsApp.

SpotOn raises $50 million in Series B funding from former Twitter executives

Taking Square head on, SpotOn has raised $50million funding for providing POS (point of sale) terminals and software to SMBs for handling payments. What's interesting is that it's not just offering that as the company aims to deliver a turnkey solution to businesses, and offer marketing, website development, and loyalty management among others.

Must reads

Double-checking 10 years of SaaS funding data

We explored 3 product positioning and branding failures. Here’s what NOT to do.

6 customer retention metrics to pay attention to

How Buffer reached $20million in ARR by focusing on growing ARPA

Check out

2020 SaaS trends report

Listen to

The shift to bottom-up in enterprise software with Ajay Agarwal and Kevin Zhang

Bain Capital Ventures' Ajay Agarwal and Kevin Zhang share their thoughts on how enterprise software is changing with cloud and SaaS models. And why they believe it's leading to a bottom-up change while ending the podcast with how the future could look like.

Getting your SaaS product messaging right – with Robin van Lieshout

InSided, a customer success community platform is making close to $10million ARR, but the journey wasn't so easy. Its co-founder and CEO Robin van Lieshout shares the early days of the company, and why landing a big client at the start could backfire. He also discusses how they were able to get their messaging right, and thus target a particular segment of the market (SaaS products in its case). 

Pipe Co-Founder, Harry Hurst on creating a new asset class securitizing software contracts, why customer success is more important than customer acquisition and how to think strategically about brand building in SaaS today

Recently Pipe raised $6million for providing cash flow to SaaS companies by converting their monthly subscriptions to an annual value. SaaStr manager to get its co-founder on the podcast to share his journey and how Pipe is aiming to revolutionize the world of SaaS offerings.

Watch

Why every startup must cross the Enterprise Chasm to increase defensibility and expand TAM

Selling to enterprises doesn't seem easy, and this video by WorkOS' CEO Michael Grinich provides some ways to "cross the enterprise chasm". He starts by talking about why it should be done, and then go on to discuss the difficulties and how to take care of that. 

Tearing down Salesforce's pricing

For a SaaS company, the pricing page could be a make-or-break affair. So how does the OG SaaS business - Salesforce - fare in this department? Well, watch this video from Profitwell to find out.

Facebook Conversation

POPULAR THIS WEEK

Get updates about new softwares directly into your inbox!
PREVIOUS ARTICLE
NEXT ARTICLE

Latest Articles

SaaS weekly roundup #13: Microsoft introduces Office 365 for personal use, Zoom's privacy nightmare continues and more
SaaS Weekly Roundup
SaaS weekly roundup #13: Microsoft introduces Office 365 for personal use, Zoom's privacy nightmare continues and more
There's a little doubt that COVID-19 has changed the world around us, and it'll completely change... read more
SaaS weekly roundup #12: Zoom sends user data to Facebook, Humio raises Series B funding and more
SaaS Weekly Roundup
SaaS weekly roundup #12: Zoom sends user data to Facebook, Humio raises Series B funding and more
As the COVID-19 continues to spread (sadly), the world is adjusting to the new normal. While... read more
Zoom discreetly sends user data to Facebook: report
Misc
Zoom discreetly sends user data to Facebook: report
[Update: March 28th] Zoom has removed the Facebook SDK and stated that it was unaware that the... read more
Best free and open source Office software
Free and Open Source Softwares
Best free and open source Office software
Almost everywhere around the world, the role of enhancing office productivity is carried out by... read more
Best LinkedIn marketing tools for business in 2020
Research Report
Best LinkedIn marketing tools for business in 2020
With well over 675million users, LinkedIn is, without a doubt, the largest social network for... read more
Best free antivirus software
Free and Open Source Softwares
Best free antivirus software
Antivirus is a program or a set of programs that are crafted to discover, prevent and also remove... read more

More from SaaS Weekly Roundup More Articles

SaaS weekly roundup #11: Microsoft Teams reach 44million DAUs, Slack's revamped interface, and more
SaaS Weekly Roundup
SaaS weekly roundup #11: Microsoft Teams reach 44million DAUs, Slack's revamped interface, and more
As more and more people are working from home, we're sure that you're looking for ways to feel more... read more
SaaS weekly roundup #9: Podium adds payment capabilities, Airbase raises $23.5million, and more
SaaS Weekly Roundup
SaaS weekly roundup #9: Podium adds payment capabilities, Airbase raises $23.5million, and more
With coronavirus outbreak, it's clear that more and more companies will move to remote work setup.... read more
SaaS weekly roundup #8: Microsoft launches 100x100x100 program, Freshworks acquires AnsweriQ, and more
SaaS Weekly Roundup
SaaS weekly roundup #8: Microsoft launches 100x100x100 program, Freshworks acquires AnsweriQ, and more
The past week was filled with news from the fintech world. Intuit acquired Credit Karma and... read more
SaaS weekly roundup #7: Whatfix and InVideo raise funding, 9 steps to achieve repeatable, scalable & profitable growth and more
SaaS Weekly Roundup
SaaS weekly roundup #7: Whatfix and InVideo raise funding, 9 steps to achieve repeatable, scalable & profitable growth and more
Welcome back to the SaaS Weekly roundup, a one-stop place to bring everything that took place in... read more
SaaS weekly roundup #6: Slack launches App Home, Docugami's seed funding, MoEngage's Series C and more
SaaS Weekly Roundup
SaaS weekly roundup #6: Slack launches App Home, Docugami's seed funding, MoEngage's Series C and more
If you're following the SaaS space closely, then you must be wanting to know what are the best SaaS... read more
SaaS weekly roundup #5: Asana files for a direct listing, Accel India announces Founder Stack and more
SaaS Weekly Roundup
SaaS weekly roundup #5: Asana files for a direct listing, Accel India announces Founder Stack and more
SaaS companies are raising millions, and that shows that the companies are revolutionizing a lot of... read more